ASX-listed Resolute Mining has provided an update on its Senegal exploration prospects, including a maiden Inferred Mineral Resource Estimate at the Tomboronkoto (Tombo) project.
Resolute has been focusing on three potential satellite deposits that could result in an extension to the Mako mine. These are Tomboronkoto and the prospects at Bantaco and Laminia where Joint Venture agreements have been concluded.
Highlights
Tomboronkoto
- Maiden Inferred Mineral Resource Estimate (MRE) for the Tomboronkoto prospect of 3.7mt grading 2.2g/t Au for 264 koz at 1g/t cut-off or 10.2Mt grading 1.2 g/t Au for 403 koz at 0.5 g/t cut-off
- Tomboronkoto is located 20km by road from the Mako Processing Plant
- The MRE is based on shallow drilling completed to date with the majority of the current resource located in the top 100m and remains open along strike to the west and down dip
- Preliminary metallurgical test-work on samples from Tomboronkoto show the mineralisation is free milling with recoveries exceeding 90% from fresh and weathered gold mineralised materials
- The focus over the remainder of 2024 will be on both infill drilling to convert Inferred resources to the Indicated category and further drilling to expand the resource
Bantaco
- Resolute has signed a Joint Venture (JV) with SNEPAC, a local Senegalese company, to earn into the Bantaco project located 20km east of Mako
- Bantaco also provides an excellent opportunity to discover an open cut gold resource within trucking distance of Mako
Laminia
- Resolute has signed a Joint Venture on the Laminia Project which is located east and contiguous with the Bantaco JV area
- The Laminia Project covers the southern extensions of the Massawa Shear zone which controls the gold mineralisation hosted in the Massawa Deposits held by Endeavour Mining Corporation
Terry Holohan, CEO commented: “We are very pleased to report the progress we are making in Senegal to extend the life of our Mako operation with now three projects close to our mine and within the same Greenstone Belt following the recent successful conclusion of the two JVs. We will be stepping up our overall exploration efforts in 2024 on these exciting projects which have well known areas of outcropping mineralisation, and we expect further progress updates throughout the year. The completion of the maiden Inferred Mineral Resource at Tomboronkoto within six months is a significant achievement and reflects the efforts and ability of our exploration and operations teams on the ground.”