Resolute Mining has announced exploration results from the Company’s 2019 drilling campaigns in Mali. Drilling has been focused on expanding Mineral Resources at Syama satellite prospects. The positive results received will expand sulphide resources at Tabakoroni as well as build on the open pit oxide Mineral Resource inventory at Tabakoroni, Cashew and Paysans.
Managing Director and CEO, Mr John Welborn, was pleased by the continuing exploration success at Syama:
“We continue to receive excellent high-grade intersections from drilling at Tabakoroni. We remain confident that further drilling will expand our underground resource model and form the basis of a future high-grade underground mine. Of equal importance is our success in growing available oxide resources. Open pit mining at Tabakoroni is exceeding expectations with high grade ore resulting in record production from the Syama oxide processing circuit in 2019. The success of our regional oxide exploration programs provides obvious opportunity to extend the oxide mining inventory.
“Resolute controls 80km of greenstone belt strike along the prolific Syama shear zone. Exploration on our tenements at Syama has already defined more than 10 million ounces of gold. We expect our investment in exploration at Syama to accelerate in 2020 with strong cashflows from both the oxide and sulphide processing plants.”
Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets. The company was selected as preferred contractor for a three year contract with Resolute Mining Limited.
