Tabakorole Gold Project
The Tabakorole Gold Project, located in southern Mali approximately 230km south of the capital city of Bamako, is comprised of 4 tenement areas covering a total area of 375 km2.
It is located between the Siekerole Shear Zone and the Bannifin Shear Zone in southern Mali and is a possible large splay off the Bannifin Shear Zone.
JORC Mineral Resource
The Company announced a JORC compliant mineral resource in September 2020. The upgraded Mineral Resource represents a 54% increase in ounces and a 20% increase in grade from the 2007 resource estimate (NI 43-101) with a total combined Mineral Resource of 23.9 million tonnes at 1.2 g/t for 910,000 ounces.
Since acquiring the project interest, and to the date of the announcement of the JORC compliant Mineral Resource, The Company had completed 1,544m of diamond drilling which, in combination with the 2010-2014 drilling, was included in the current Resource estimate. 43% of the Mineral Resource (390koz) sits within 100m of surface, increasing confidence for an open pittable production scenario.
There are numerous opportunities for resource expansion with 600m of aircore delineated strike to the north-west (6m at 6.2 g/t gold) remaining open. The deposit also remains open along strike to the south-east as well as at depth, including several areas throughout the existing resource that are constrained by lack of drilling.
Tabakorole Exploration & Drilling
Drilling by the Company at Tabakorole to date has included a 92-hole (1,811m) shallow aircore drilling program and an 8-hole (1,544m) Diamond Drilling program which was included in the current Resource estimate.
Air-core drilling was used as a first pass reconnaissance method to test magnetic anomalies under shallow soil cover and de-risk prospective targets prior to higher precision drilling techniques such as diamond and reverse circulation drilling.
The program identified a 28m wide horizontal target zone with significant intercepts in 3 adjacent holes and confirmed a 600 metre extension to the mineralised strike length at Tabakorole. Significant intercepts included:
- 6m @ 6.2g/t gold from 14m, including 3m @11.0g/t gold from 14m
- 6m @ 1.1g/t gold from 5m
- 6m @ 0.9g/t gold from 11m
The program was designed to test high-grade plunge extensions, drill untested gaps in the deposit, drill a single hole into the north-west strike extension, and provide QAQC support for the deposit model.
Significant intercepts included:
- 38m at 2.1g/t gold from 145m, including 14m at 4.7g/t gold from 145m
- 31m at 1.2g/t gold from 191m, including 6m at 2.1g/t gold and 4m at 4.0g/t gold
- 12m at 1.2g/t gold from 41m (within 600m north-west extension)
- Pre 2007 historical results of diamond and Reverse Circulation (‘RC’) drilling at Tabakorole include:
- 44m @ 3.3 g/t Au from 24m in hole 05TKRC-18
- 60m @ 2.9 g/t Au from 14m in hole 05FLRC-11
- 16m @ 9.3 g/t Au from 80m in hole 05FLRC-51
Mineralisation remains open to the north-west, south-east and at depth with resource expansion drilling expected to commence in Q4 2020. The Company will also undertake multi-element soil geochemistry and ground magnetics regionally to identify additional drill targets as it seeks to continue to grow the resource.