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At the Massakama Target,Kossanto Gold Project, Mali
Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, is pleased to announce positive assay results from its recently completed Rotary Air Blast drill programme on the Toukwatou prospect within the Massakama target, at the Company’s flagship Kossanto Gold Project in the prospective Kenieba Inlier, western Mali.
Highlights:
· Significant high-grade intercepts received from scout RAB drilling completed on the Toukwatou prospect – a total of 761 metres drilled across 38 holes
· All assay results have been reported and strong intercepts were encountered in 11 drill holes
· Intercepts from the drill programme include:
o Hole TRABL01/1 – 6 metres @ 4.23 g/t Au from 9 metres depth
o Hole TRABL05/3 – 12 metres @ 3.34 g/t Au from 6 metres depth
o Hole TRABL06/8 – 6 metres @ 7.835 g/t Au from 24 metres depth
· NE-SW trending corridor of mineralisation has been identified covering a strike length of 300 metres as indicated by mineralised intercepts
· Mineralisation encountered is associated with an intensely quartz veined felsic intrusive
· Multiple gold-bearing vein sets and intrusive bodies identified
· Results further confirm the high-grade mineralisation encountered in the artisanal pits at the Toukwatou prospect (the results of previous channel sampling were reported by the Company on 27 June 2014)
Mark Jones, CEO of Alecto, commented:
“These latest high-grade gold RAB drilling results further confirm our belief that the Toukwatou prospect at the Massakama target represents a viable new resource opportunity at Kossanto. By leveraging our in-house RAB drilling and geophysics capabilities we have managed to progress this prospect through to confirming continuity of mineralisation at depth within just 8 weeks and importantly at a low-cost.
“This new target area forms part of our strategy to make new gold discoveries at Kossanto, which we hope to advance further in due course through resource definition drilling in order to complement the current JORC-Code compliant inferred resource estimate of 247,000 oz Au for the Gourbassi Prospect. With this in mind, we believe that these latest results from Toukwatou place Alecto in a very strong position to continue to deliver promising news flow from Kossanto and add value in the next drilling season.”
Further Information:
Thirty eight (38) angled RAB drill holes, for a total of 761 metres, were completed around the Toukwatou artisanal workings in order to identify the strike and depth of mineralisation, and to gain an understanding of potential extensions beyond the current workings and refine the target area for possible resource-level drilling.
Toukwatou is another recently discovered gold-rich prospect identified within the Massakama target at the Company’s Kossanto Project, located a few hundred metres from the previously drilled Goreba artisanal workings which host visible gold bearing horizontal quartz veins, and it is several kilometres from MSK Centrale, where recent Reverse Circulation (‘RC’) drill results of 23m @ 1.35 g/t Au and 16m @ 1.0 g/t Au proved continuity to the historically discovered mineralised intercepts of up to 8m @ 18.5 g/t Au.
Strong mineralisation encountered in 11 of the drill holes has identified a NE-SW trending corridor covering a strike length of 300 metres. The mineralisation is associated with an intensely quartz veined felsic intrusive and multiple gold-bearing vein sets and intrusive bodies have been identified.
In addition to the preliminary scout RAB drilling programme, Alecto geologists completed 25.6 line-kms of ground magnetic geophysics over the Toukwatou area using their own in-house G-856 proton magnetometer. The results of the survey further defined trends interpreted in the regional magnetic geophysical imagery and provide refined detail for structural analysis and future drill targeting in the Toukwatou prospect area.
