The Project hosts numerous gold prospects including a shallow-dipping, near-surface gold deposit (the 'Diba Deposit') and the Diba NW prospect located on the Diba licence, as well as the Lakanfla Central and Lakanfla West prospects, located on the Lakanfla licence, approximately 5km east of the Diba licence.
'The current drilling programme comprises up to 10,000m of DD and RC and is designed to test the potential down-dip and along-strike extensions of the Diba Deposit and the Diba NW prospect. Drilling is also planned at the Lakanfla Central prospect at the Company's 100% owned Lakanfla licence, located approximately 5km east of the Diba licence. Once completed, the drilling results will feed into an updated MRE for the Diba Deposit and a potential maiden MRE for the Diba NW and Lakanfla Central prospects. This work will be followed by an updated Preliminary Economic Assessment for the Project. We look forward to updating shareholders as further results are received.'
The drilling programme is being undertaken by
The DD programme is primarily testing the extent of the high-grade zone of mineralisation within the current Diba Deposit, as well as the down-dip extension of the mineralised lenses. In addition, the DD programme is producing orientated core to enable a better structural understanding of the Diba Deposit and samples for density measurements, to better understand any variations between the oxide, transitional and fresh rock domains.
The RC programme is primarily targeting on strike and down-dip extensions of the known lenses of mineralisation at both the Diba Deposit and Diba NW prospect. In addition, RC holes will test the potential of the Lakanfla Central prospect.
Assay results for 27 drill holes have been received to date from the Diba Deposit and Diba NW prospect from the current programme. The holes were drilled at -60 degrees inclination and range between approximately 75m to 215m in length. The drilling was orientated perpendicular to the interpreted structural orientation of the Diba Deposit and Diba NW prospect.
Diba Deposit Mineral Resource Estimate
The 81km2 Diba gold project (Korali Sud licence) and the 24km2 Lakanfla gold project are located 5km apart in the Kayes region of western
Mineralisation at Diba is sediment-hosted within a series of stacked quartz lenses, typically between 20m and 40m thick. The lenses are shallow-dipping at approximately 30 degrees angled to the east/east-southeast. The Diba Deposit is considered to be controlled by a number of northwest and northeast orientated structures, with gold occurring as fine-grained disseminations in localised high-grade, calcite-quartz veinlets. Alteration at Diba is typically albite-hematite+/-pyrite, although pyrite content is generally very low (
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