IN BRIEF: Resolute Mining Increases Resource Estimate For Tabakoroni

Resolute Mining Ltd - operator of Syama gold mine, Mali - Tabakoroni underground mineral resource ...

Alliance News 27 January, 2021 | 4:34PM
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Resolute Mining Ltd - operator of Syama gold mine, Mali - Tabakoroni underground mineral resource estimate has been updated to 8.1 million tonnes at 4.9 grams per tonne for 1.26 million ounces of gold following drilling. Maiden resource at April 2019 was 5.2 million tonnes at 5.1 grams per tonne for 850,000 ounces.

In October, resource was updated to 1.0 million ounces of gold from 7.4 million tonnes at 4.4 grams per tonne.

Drilling will continue throughout 2021 to build the resources and reserves of Tabakoroni as well as the financial case for the future underground mine development.

The drilling program for 2021 will concentrate on infilling and expanding the high-grade mineralisation underneath the South pit at Tabakoroni. A drill density of 50 metre centres will be required to classify this new zone as Indicated Resources.

Current stock price: 41.01 pence

Year-to-date change: down 13%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Resolute Mining Ltd 22.80 GBX 0.88 -
Resolute Mining Ltd 0.45 AUD 1.14 -

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