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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Resolute Mining Limited | LSE:RSG | London | Ordinary Share | AU000000RSG6 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.75 | -3.28% | 22.15 | 22.10 | 22.20 | 22.60 | 22.10 | 22.40 | 122,376 | 16:35:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 800.97M | -28.3M | -0.0133 | -33.83 | 487.55M |
From Apr 2020 to Apr 2025
TIDMRSG
RNS Number : 7499J
Resolute Mining Limited
25 August 2021
25 August 2021
Resolute Mining Limited
(Resolute or the Company)
Outstanding drill results at Tabakoroni and Syama North
Highlights
Tabakoroni Underground
-- Numerous high-grade sulphide gold results from ongoing diamond drilling at Tabakoroni including a number of greater than 100 gram x metre intersections:
- 8m @ 28g/t from 383m - TADD841 - 13m @ 14.52g/t from 397m - TADD841 - 18m @ 11.20g/t from 317m - TADD833 - 9m @ 17.42g/t from 415m - TADD954 - 18m @ 36.77g/t from 416m - TADD968 - 4m @ 27.65g/t from 159m - TADD984 - 10m @ 10.86g/t from 341m - TADD987
-- Multiple, very high-grade intersections returned from positions outside the current resource model
-- Drilling to continue throughout 2021 and expected to increase the mineral resources which will be re-estimated in late 2021
Syama North Oxide
-- Oxide exploration at Syama North returns positive results from shallow drilling supporting the return to open pit mining in late 2021:
- 14m @ 10.05g/t from 16m - SERC138 - 15m @ 6.02g/t from 6m - SERC141 - 18m @ 4.98g/t from 9m - SERC143 - 22m @ 4.38g/t from 175m - QVRC398 - 9m @ 15.15g/t from 84m - QVRC435
Resolute Mining Limited (ASX/LSE: RSG) (Resolute or the Company) is pleased to announce further excellent exploration results from the Tabakoroni Underground and Syama North deposits.
Tabakoroni Exploration Results
The ongoing resource drilling program at Tabakoroni Underground continues to deliver outstanding results with high-grade sulphide gold intersections from infill and extensional diamond drilling undertaken this calendar year.
Drilling in late 2020 intersected very high-grade mineralisation underneath the South oxide pit at Tabakoroni. The South Pit was mined in 2018-19 and produced around 50koz at an average grade of 1.7g/t. A deeper step-out hole below the pit, TARD777, intersected 5m @ 116.3g/t Au from 222m which was announced on 14 October 2020. This intersection led to a focus on evaluating this zone in addition to the mineralisation underneath the Namakan and Northern pits. Subsequent drilling expanded this new zone and led to a revised mineral resource estimation in January 2021 revealing a large increase in underground resources, which currently stand at 8.1Mt @ 4.8g/t, containing 1.3Moz (refer ASX announcement 17 February 2021).
Diamond drilling in 2021 as concentrated on both converting the higher grade inferred resources to indicated category and to expand the footprint of the high-grade zone.
The extensional drilling has been extremely successful with multiple, very high-grade intersections returned from drilling down dip and outside the current resource model. These drill results extend the high-grade zone down dip by a further 150m and it is expected that the mineral resources will be significantly increased when next estimated later in 2021.
Key drilling results received this year include:
TADD841 8m @ 28g/t from 383m
13m @ 14.52g/t from 397m
TADD842 20m @ 3.94g/t from 398m TADD848 12m @ 4.44g/t from 164m TADD954 9m @ 17.42g/t from 415m TADD968 18m @ 36.77g/t from 416m TADD984 4m @ 27.65g/t from 159m TADD987 10m @ 10.86g/t from 341m TADD996 32m @ 2.14g/t from 239m
The locations of these drill intersection pierce points are shown on Figure 1 below. Mineralised intersections in holes TADD841, 842, 954, 958 and 968 confirm that the high-grade zone continues down dip with the suggestion of a shallow northerly plunge.
Further Exploration at Tabakoroni
The drilling program for the remainder of 2021 will continue to infill and expand the high-grade mineralisation underneath the South Pit. A drill density of 50m centres will be required to classify this new zone as indicated resources.
Due to the high-grade nature and the shallow location of this zone it is expected that underground mining activities will concentrate on this zone in the early years of production.
Figure 1. Tabakoroni Longitudinal Section with Mineral Resource block model and previously unreleased drill intersection - please see full anouncement at www.rml.com.au
Oxide Exploration opportunities at Syama
Beta - BA-01
A re-evaluation of the Syama Shear Zone north of Syama identified several targets for follow up drilling. The targets are adjacent to open pits mined by Resolute between 2017 and 2018.
Reverse circulation (RC) drilling targeting oxide mineralisation extensions and conceptual targets at Syama North commenced in 2020 with excellent results reported in April 2020. Exploration has continued in 2021 with RC drill programs at Syama North designed to outline mineable oxide resources.
Mineralisation typically occurs within shear zones and around shallow west dipping lithological contacts, in the same manner as the main Syama orebody and the Syama North satellite deposits. Deeper sulphide mineralisation is open down dip and remains a target for future exploration.
Results to date this year have been very encouraging with multiple high-grade oxide intersections returned. Better intersections from Beta and BA-01 are shown below and on Figure 2.
SERC138 - 14m @ 10.05g/t Au from 16m
SERC141 - 15m @ 6.02g/t Au from 6m
SERC143 - 18m @ 4.98g/t Au from 9m
SERC144 - 7m @ 6.93g/t Au from 40m
SERC148 - 13m @ 4.56g/t Au from 57m
BARC223 - 7m @ 11.43g/t from 17m
BARC239 - 9m @ 3.90g/t Au from 78m
BARC242 - 7m @ 6.28g/t Au from 71m
BARC243 - 3m @ 58.88 from 14m
The results confirm coherent zones of gold mineralisation south of the Beta oxide pit and north of the BA01 oxide pit. Drilling density is sufficient to undertake resource modelling and pit optimisation which will be carried out prior to making a decision to recommence open pit mining.
A21
RC drilling at the A21 area similarly intersected zones of oxide mineralisation adjacent to existing open pits. Drilling undertaken in 2021 has identified oxide and sulphide mineralisation to the east and west of the open pits related to gold lodes in the hanging wall and footwall of the previously mined zones.
Better results from A21 are shown below and on Figure 3:
QVRC369 - 20m @ 3.01g/t from 121m
QVRC398 - 22m @ 4.38g/t from 175m
QVRC416 - 17m @ 4.23g/t from 49m
QVRC421 - 23m @ 3.53g/t from 49m
QVRC435 - 9m @ 15.15g/t from 84m
QVRC435 - 14m @ 4.76g/t from 112m
QVRC476 - 12m @ 5.73g/t from 96m
QVRC481 - 16m @ 4.33g/t from 44m
QVRC482 - 25m @ 2.73g/t from 92m
QVRC482 - 19m @ 3.26g/t from 135m
This newly identified oxide and sulphide mineralisation at A21 will be remodelled concurrently with the mineralisation at Beta and BA-01 and included in an upcoming Mineral Resource Estimate.
Figure 2. Alpha, Beta and BA-01 pit imagery, geology and drillhole locations
Please see full anouncement at www.rml.com.au
Figure 3. A21 area imagery, geology and drillhole locations
Please see full anouncement at www.rml.com.au
Contact Information
Hot Features
Premium
Resolute Berenberg (UK Corporate Broker)
Stuart Gale Managing Director Matthew Armitt / Jennifer Wyllie / Detlir
& CEO Elezi
Telephone: +61 8 9261 6100 Telephone: +44 20 3207 7800
Email: contact@rml.com.au Tavistock (UK Public Relations)
Web: www.rml.com.au Jos Simson
Follow Resolute Telephone: +44 207 920 3150 / +44 778
855 4035
Email: resolute@tavistock.co.uk
FTI Consulting (Australian media)
Cameron Morse / James Tranter
Telephone: +61 433 886 871
Email: cameron.morse@fticonsulting.com
Authorised by Mr Stuart Gale, Managing Director & CEO
Competent Persons Statement
The information in this report that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Bruce Mowat, a member of The Australian Institute of Geoscientists. Mr Bruce Mowat has more than 5 years' experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code). Mr Bruce Mowat is a full-time employee of the Resolute Mining Limited Group and holds equity securities in the Company. He has consented to the inclusion of the matters in this report based on his information in the form and context in which it appears. This information was prepared and disclosed under the JORC Code 2012 except where otherwise noted.
Cautionary Statement about Forward-Looking Statements
This announcement includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove not to be correct. The projections are merely estimates by Resolute, of the anticipated future performance of Resolute's business based on interpretations of existing circumstances, and factual information and certain assumptions of economic results, which may prove to be incorrect. Such projections and estimates are not necessarily indicative of future performance, which may be significantly less favourable than as reflected herein. Accordingly, no representations are made as to the fairness, accuracy, correctness or completeness of the information contained in this announcement including estimates or projections and such statements, estimates and projections should not be relied upon as indicative of future value, or as a guarantee of value of future results. This
announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase securities in Resolute Mining Limited (ASX/LSE: RSG).
Appendix 1: Recent drilling results
Tabakoroni Deeps Drilling
Hole_ID North East RL Dip Azi EOH From To Width Au
(WGS) (WGS) (m) (WGS) (m) (m) (m) (m) (g/t)
TARD779 1163173 810616 371 -59 66 321 195 199 4 10.13
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD841 1163496 810470 376 -68 61 469.2 261 264 3 5.19
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD841 1163496 810470 376 -68 61 469.2 368 371 3 5.87
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD841 1163496 810470 376 -68 61 469.2 383 391 8 28
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD841 1163496 810470 376 -68 61 469.2 397 410 13 14.52
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD842 1163694 810395 381 -68 66 452.4 339 343 4 2.45
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD842 1163694 810395 381 -68 66 452.4 361 364 3 2.3
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD842 1163694 810395 381 -68 66 452.4 398 418 20 3.94
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD843 1164127 810117 364 -62 59 641.5 420 424 4 1.26
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD848 1163352 810488 369 -67 61 465.4 164 176 12 4.44
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD848 1163352 810488 369 -67 61 465.4 193 198 5 1.73
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD848 1163352 810488 369 -67 61 465.4 283 285 2 5.74
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD848 1163352 810488 369 -67 61 465.4 313 315 2 3.61
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD848 1163352 810488 369 -67 61 465.4 391 396 5 1.16
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD848 1163352 810488 369 -67 61 465.4 406 410 4 1.6
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD860 1163521 810524 379 -55 64 302.8 96 99 3 3.25
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD860 1163521 810524 379 -55 64 302.8 184 198 14 3.13
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD860 1163521 810524 379 -55 64 302.8 249 254 5 2.57
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD866 1163392 810551 370 -53 63 330.3 187 189 2 2.58
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD866 1163392 810551 370 -53 63 330.3 217 220 3 2.63
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD880 1163754 810218 367 -69 60 663.2 539 542 3 10.36
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD880 1163754 810218 367 -69 60 663.2 612 615 3 2.33
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD897 1163223 810548 370 -67 63 423.5 85 87 2 6.3
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD897 1163223 810548 370 -67 63 423.5 155 158 3 13.55
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD897 1163223 810548 370 -67 63 423.5 163 165 2 4.1
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD897 1163223 810548 370 -67 63 423.5 175 180 5 1.48
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD906 1163390 810435 368 -69 65 541.3 101 104 3 4.34
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD906 1163390 810435 368 -69 65 541.3 311 320 9 1.37
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD906 1163390 810435 368 -69 65 541.3 494 497 3 1.77
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD910 1163313 810554 369 -59 60 360.3 26 29 3 2.47
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD910 1163313 810554 369 -59 60 360.3 132 134 2 5.52
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD910 1163313 810554 369 -59 60 360.3 138 142 4 5.37
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD910 1163313 810554 369 -59 60 360.3 234 240 6 1.53
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD910 1163313 810554 369 -59 60 360.3 295 298 3 2.36
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD925 1163297 810409 364 -71 63 660.4 350 352 2 2.52
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD925 1163297 810409 364 -71 63 660.4 477 484 7 2.21
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD925 1163297 810409 364 -71 63 660.4 614 620 6 4.58
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD938 1164820 810350 343 -55 65 350.4 128 130 2 5.55
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD954 1163537 810448 380 -70 61 450.7 263 265 2 5.72
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD954 1163537 810448 380 -70 61 450.7 280 285 5 2.91
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD954 1163537 810448 380 -70 61 450.7 350 352 2 2.65
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD954 1163537 810448 380 -70 61 450.7 370 372 2 2.78
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD954 1163537 810448 380 -70 61 450.7 415 424 9 17.42
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD964 1163553 810491 379 -66 59 381.5 201 204 3 5.39
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD964 1163553 810491 379 -66 59 381.5 222 225 3 2.69
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD964 1163553 810491 379 -66 59 381.5 257 259 2 8.74
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD964 1163553 810491 379 -66 59 381.5 286 288 2 3.03
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD966 1163568 810520 379 -67 67 335.1 15 19 4 2.77
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD966 1163568 810520 379 -67 67 335.1 263 267 4 1.65
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD966 1163568 810520 379 -67 67 335.1 307 319 12 1.63
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD967 1163444 810490 372 -71 62 490 267 269 2 6.81
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD968 1163601 810411 380 -70 59 473.5 254 256 2 3.76
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD968 1163601 810411 380 -70 59 473.5 266 272 6 1.12
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD968 1163601 810411 380 -70 59 473.5 416 434 18 36.77
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD982 1163380 810519 370 -65 63 399.4 140 144 4 2.17
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD982 1163380 810519 370 -65 63 399.4 252 261 9 1.93
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD983 1163616 810441 381 -69 59 528.3 134 138 4 2.45
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD983 1163616 810441 381 -69 59 528.3 225 232 7 3.96
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD983 1163616 810441 381 -69 59 528.3 398 411 13 2.47
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD984 1163455 810568 372 -63 68 321 159 163 4 27.65
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD984 1163455 810568 372 -63 68 321 198 200 2 7.6
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD984 1163455 810568 372 -63 68 321 219 225 6 6.86
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD984 1163455 810568 372 -63 68 321 252 254 2 2.53
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD985 1163482 810572 373 -59 62 294.4 71 73 2 3.44
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD985 1163482 810572 373 -59 62 294.4 177 179 2 4.6
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD985 1163482 810572 373 -59 62 294.4 225 230 5 2
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD986 1163491 810479 376 -63 61 391.7 144 146 2 2.65
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD986 1163491 810479 376 -63 61 391.7 250 252 2 2.8
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD986 1163491 810479 376 -63 61 391.7 357 360 3 12.49
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD987 1163684 810433 384 -65 60 378.5 299 301 2 6.42
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD987 1163684 810433 384 -65 60 378.5 341 351 10 10.86
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD996 1163468 810532 373 -60 61 330.3 147 150 3 2.67
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD996 1163468 810532 373 -60 61 330.3 173 175 2 5.53
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD996 1163468 810532 373 -60 61 330.3 214 217 3 2.97
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
TADD996 1163468 810532 373 -60 61 330.3 239 271 32 2.14
-------- ------- ----- ---- ------- ------ ----- ----- ------ -------
Notes to Accompany Table:
-- Grid coordinates are WGS84 Zone 29 North
-- RC intervals are sampled every 1m by dry riffle splitting or scoop to provide a 1-3kg sample
-- Diamond core are sampled every 1m by cutting the core in half to provide a 2-4kg sample
-- Cut-off grade for reporting of intercepts is >1g/t Au with a maximum of 3m consecutive internal dilution included within the intercept; only intercepts >=2m and >5 gram x metres are reported
-- Samples are analysed for gold by 30g fire assay fusion with AAS instrument finish; over-range results are reanalysed by 30g fire assay fusion with gravimetric finish
Syama North Drilling
Hole_ID North East RL Dip Azi EOH From To Width Au
(WGS) (WGS) (m) (WGS) (m) (m) (m) (m) (g/t)
ALRC109 1197546 821988 354 -55 109 90 41 43 2 20.87
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC196 1199324 822188 372 -56 92 90 54 58 4 9.29
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC223 1199473 822171 370 -56 90 84 17 24 7 11.43
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC223 1199473 822171 370 -56 90 84 31 35 4 7.69
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC235 1199125 822399 377 -55 92 84 24 32 8 2.64
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC239 1199524 822126 372 -56 91 114 78 87 9 3.9
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC242 1199479 822101 372 -56 91 102 71 78 7 6.28
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
BARC243 1199052 822448 379 -55 91 48 14 17 3 58.88
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC365 1201250 822618 376 -72 270 120 46 62 16 2.32
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC367 1201250 822659 377 -56 88 84 37 39 2 10.04
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC368 1201200 822656 379 -55 90 84 20 29 9 3.3
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC369 1201596 822513 383 -61 96 240 121 141 20 3.01
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC370 1201148 822621 382 -76 269 144 2 7 5 7.28
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC372 1201500 822499 372 -58 96 204 130 145 15 1.64
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC373 1201283 822650 377 -66 270 150 49 51 2 13.33
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC374 1201401 822466 370 -55 93 150 104 113 9 5.8
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC377 1201350 822836 396 -55 89 108 57 63 6 5.93
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC382 1200557 822223 443 -56 93 232 25 28 3 12.89
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC382 1200557 822223 443 -56 93 232 36 41 5 10.33
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC382 1200557 822223 443 -56 93 232 203 216 13 4.43
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC383 1201448 822877 382 -55 90 126 77 83 6 7.22
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC398 1200500 822232 449 -57 91 252 175 197 22 4.38
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC403 1202700 823187 339 -73 92 234 192 194 2 13.53
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC405 1201845 822676 369 -62 91 222 197 213 16 3.25
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC414 1201929 822751 357 -55 91 138 13 23 10 2.36
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC416 1201826 822743 362 -60 90 123 49 66 17 4.23
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC421 1201798 822703 367 -56 88 150 49 72 23 3.53
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC422 1201826 822702 367 -60 94 138 62 76 14 3.96
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC423 1201851 822717 364 -63 90 144 70 79 9 2.96
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC426 1200824 822523 388 -60 89 105 46 62 16 2.72
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC429 1200875 822522 385 -54 90 90 33 44 11 4
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC435 1200950 822470 381 -57 92 144 84 93 9 15.15
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC435 1200950 822470 381 -57 92 144 112 126 14 4.76
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC444 1201171 822621 381 -58 88 66 44 46 2 10.09
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC461 1200725 822606 401 -58 89 156 16 23 7 3.44
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC462 1201276 822715 378 -55 94 102 40 42 2 18.18
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC464 1200775 822497 389 -61 93 144 68 81 13 2.52
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC465 1200750 822525 394 -55 93 126 82 97 15 2.25
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC467 1200801 822519 389 -60 91 108 53 63 10 2.13
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC470 1200874 822469 384 -55 93 126 101 112 11 2.63
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC476 1201873 822670 363 -59 91 132 96 108 12 5.73
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC477 1201850 822771 359 -61 90 114 86 93 7 4.36
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC481 1201724 822674 365 -50 92 135 44 60 16 4.33
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC481 1201724 822674 365 -50 92 135 121 130 9 3
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC482 1201674 822666 365 -58 93 160 32 35 3 7.6
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC482 1201674 822666 365 -58 93 160 92 117 25 2.73
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC482 1201674 822666 365 -58 93 160 135 154 19 3.26
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC483 1201649 822675 365 -60 92 162 123 126 3 7.18
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC483 1201649 822675 365 -60 92 162 130 135 5 4.42
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
QVRC488 1201423 822860 391 -56 92 84 73 78 5 5.99
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
SERC138 1197772 821644 351 -55 110 96 16 30 14 10.05
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
SERC141 1197810 821690 351 -56 110 85 6 21 15 6.02
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
SERC143 1197833 821698 351 -55 111 84 9 27 18 4.98
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
SERC144 1197844 821667 354 -54 109 84 40 47 7 6.93
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
SERC148 1197971 821597 350 -57 113 150 57 70 13 4.56
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
SERC152 1198062 821641 347 -55 111 132 65 72 7 7.12
-------- ------- ----- ---- ------- ----- ----- ----- ------ -------
Notes to Accompany Table:
-- Grid coordinates are WGS84 Zone 29 North
-- RC intervals are sampled every 1m by dry riffle splitting or scoop to provide a 1-3kg sample
-- Cut-off grade for reporting of intercepts is >1g/t Au with a maximum of 3m consecutive internal dilution included within the intercept; only intercepts >=2m and >20 gram x metres are reported
-- Samples are analysed for gold by 30g fire assay fusion with AAS instrument finish; over-range results are reanalysed by 30g fire assay fusion with gravimetric finish
Table 1 - Section 1: Sampling Techniques and Data
CRITERIA JORC CODE EXPLANATION COMMENTARY
Sampling techniques The samples were collected
* Nature and quality of sampling (e.g. cut channels, from reverse circulation
random chips, or specific specialised industry (RC) drill holes.
standard measurement tools appropriate to the RC samples were collected
minerals under investigation, such as down hole gamma on 1m intervals by riffle
sondes, or handheld XRF instruments, etc.). These split (dry) or by scoop
examples should not be taken as limiting the broad (wet), to obtain
meaning of sampling. a 1-3kg sample which was
sent to the laboratory for
crushing, splitting and
* Include reference to measures taken to ensure sample pulverising to
representivity and the appropriate calibration of any provide a 30g charge for
measurement tools or systems used. analysis.
Sampling and sample
preparation protocols are
* Aspects of the determination of mineralisation that industry standard and are
are Material to the Public Report. deemed appropriate
by the Competent Person.
* In cases where 'industry standard' work has been done
this would be relatively simple (e.g. 'reverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g
charge for fire assay'). In other cases, more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of detailed
information.
------------------------------------------------------------ ---------------------------
Drilling techniques Drill types used include
* Drill type (e.g. core, reverse circulation, open-hole reverse circulation.
hammer, rotary air blast, auger, Bangka, sonic, etc.)
and details (e.g. core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or
other type, whether core is oriented and if so, by
what method, etc.).
------------------------------------------------------------ ---------------------------
Drill sample recovery Appropriate measures are
* Method of recording and assessing core and chip taken to maximise sample
sample recoveries and results assessed. recovery and ensure the
representative nature
of the samples.
* Measures taken to maximise sample recovery and ensure No apparent relationship
representative nature of the samples. is noted between sample
recovery and grade.
* Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse
material.
------------------------------------------------------------ ---------------------------
Logging Drill holes were
* Whether core and chip samples have been geologically geologically logged by
and geotechnically logged to a level of detail to geologists for colour,
support appropriate Mineral Resource estimation, grainsize, lithology,
mining studies and metallurgical studies. minerals,
alteration and weathering
on geologically-domained
* Whether logging is qualitative or quantitative in intervals.
nature. Core (or costean, channel, etc.) photography. Holes were logged in their
entirety (100%) and this
logging was considered
* The total length and percentage of the relevant reliable and appropriate.
intersections logged.
------------------------------------------------------------ ---------------------------
Sub-sampling techniques Reverse circulation
and sample preparation * If core, whether cut or sawn and whether quarter, samples were collected on
half or all core taken. 1m intervals by riffle
split (dry) or by scoop
(wet) to obtain a 1-3kg
* If non-core, whether riffled, tube sampled, rotary sample.
split, etc. and whether sampled wet or dry. Sample preparation
includes oven drying,
crushing to 10mm,
* For all sample types, the nature, quality and splitting and pulverising
appropriateness of the sample preparation technique. to 85%
passing -75um. These
preparation techniques are
* Quality control procedures adopted for all deemed to be appropriate
sub-sampling stages to maximise representivity of to the material being
samples. sampled.
Reverse circulation field
duplicates were collected
* Measures taken to ensure that the sampling is by the company at a rate
representative of the in-situ material collected, of 1:20 samples.
including for instance results for field Sampling, sample
duplicate/second-half sampling. preparation and quality
control protocols are of
industry standard and all
* Whether sample sizes are appropriate to the grain attempts were made to
size of the material being sampled. ensure an unbiased
representative sample was
collected. The methods
applied in this process
were deemed appropriate by
the Competent Person.
------------------------------------------------------------ ---------------------------
Quality of assay data and All samples were
laboratory tests * The nature, quality and appropriateness of the dispatched to ALS Bamako
assaying and laboratory procedures used and whether for gold analysis by 30g
the technique is considered partial or total. fire assay fusion with
AAS instrument finish
(method code Au-AA25).
* For geophysical tools, spectrometers, handheld XRF Over-range results were
instruments, etc., the parameters used in determining re-analysed and reported
the analysis including instrument make and model, by 30g fire assay fusion
reading times, calibrations factors applied and their with gravimetric finish
derivation, etc. (method code Au-GRA21).
The analytical method
was appropriate for the
* Nature of quality control procedures adopted (e.g. style of mineralisation.
standards, blanks, duplicates, external laboratory No geophysical tools were
checks) and whether acceptable levels of accuracy used to determine
(i.e. lack of bias) and precision have been elemental concentrations.
established. Quality control (QC)
procedures included the
use of certified standards
(1:40), non-certified
sand blanks (1:40) and
reverse circulation field
duplicates (1:20).
Laboratory quality control
data, including laboratory
standards, blanks,
duplicates, repeats,
grind size results and
sample weights were also
captured into the digital
database.
Analysis of the QC sample
assay results indicates
that an acceptable level
of accuracy and
precision has been
achieved.
------------------------------------------------------------ ---------------------------
Verification of sampling Verification of
and assaying * The verification of significant intersections by significant intersections
either independent or alternative company personnel. have been completed by
company personnel and the
Competent Person.
* The use of twinned holes. No drill holes within the
resource area were
twinned.
* Documentation of primary data, data entry procedures, Drill holes were logged
data verification, data storage (physical and into digital templates
electronic) protocols. with lookup codes,
validated and then
compiled
* Discuss any adjustment to assay data. into a relational SQL 2012
database using DataShed
data management software.
The database
has verification protocols
which are used to validate
the data entry. The drill
hole database
is backed up on a daily
basis to the head office
server.
Assay result files were
reported by the laboratory
in PDF and CSV format and
imported into
the SQL database without
adjustment or
modification.
------------------------------------------------------------ ---------------------------
Location of data points Collar coordinates were
* Accuracy and quality of surveys used to locate drill picked up in UTM (WGS84)
holes (collar and down-hole surveys), trenches, mine by staff surveyors using
workings and other locations used in Mineral Resource an RTK DGPS with
estimation. an expected accuracy of
+/- 0.05m; elevations were
height above EGM96 geoid.
* Specification of the grid system used. Down hole surveys were
collected at 10m intervals
using a Reflex EZ-Gyro
* Quality and adequacy of topographic control. north seeking instrument.
Coordinates and azimuths
are reported in UTM WGS84
Zone 29 North.
Tabakoroni drill holes
were translated to local
mine grid coordinates
using 1 point and
rotation.
Local topographic control
is via LIDAR surveys,
satellite photography and
drone UAV aerial
survey.
------------------------------------------------------------ ---------------------------
Data spacing and Drill hole spacing was
distribution * Data spacing for reporting of Exploration Results. sufficient to demonstrate
geological and grade
continuity appropriate
* Whether the data-spacing and distribution is for a Mineral Resource and
sufficient to establish the degree of geological and the classifications
grade continuity appropriate for the Mineral Resource applied under the 2012
and Ore Reserve estimation procedure(s) and JORC Code.
classifications applied. The appropriateness of the
drill spacing was reviewed
by the geological
* Whether sample compositing has been applied. technical team, both
on site and head office.
This was also reviewed by
the Competent Person.
Samples were collected on
1m intervals; no sample
compositing is applied
during sampling.
------------------------------------------------------------ ---------------------------
Orientation of data in Holes were drilled
relation to geological * Whether the orientation of sampling achieves unbiased predominantly
structure sampling of possible structures and the extent to perpendicular to
which this is known, considering the deposit type. mineralised domains where
possible.
No orientation-based
* If the relationship between the drilling orientation sampling bias has been
and the orientation of key mineralised structures is identified in the data.
considered to have introduced a sampling bias, this
should be assessed and reported if material.
------------------------------------------------------------ ---------------------------
Sample security Samples were collected
* The measures taken to ensure sample security. from the drill site and
stored on site. All
samples were individually
bagged and labelled with
unique sample identifiers,
then securely dispatched
to the laboratories.
All aspects of sampling
and dispatch process were
supervised and tracked by
SOMIFI personnel.
------------------------------------------------------------ ---------------------------
Audits or reviews External audits of
* The results of any audits or reviews of sampling procedures indicate
techniques and data. protocols are within
industry standards.
------------------------------------------------------------ ---------------------------
Section 2 Reporting of Exploration Results
CRITERIA JORC CODE EXPLANATION COMMENTARY
Mineral Drilling at Syama was conducted within the Malian
tenement and * Type, reference name/number, location and ownership Exploitation Concession Permit PE 93/003
land tenure including agreements or material issues with third which covers an area of 200.6 Km2.
status parties such as joint ventures, partnerships, Resolute Mining Limited has an 80% interest in the Syama
overriding royalties, native title interests, project and the Exploitation Permit
historical sites, wilderness or national park and PE 93/003, on which it is based, through its Malian
environmental settings. subsidiary, Sociêtê des Mines
de Syama SA (SOMISY). The Malian Government holds a free
carried 20% interest in SOMISY.
* The security of the tenure held at the time of Tabakoroni drilling was completed within the
reporting along with any known impediments to Finkolo-Tabakoroni Exploitation Licence PE 13/19.
obtaining a licence to operate in the area. Resolute Mining Limited has an 85% interest in Exploitation
Permit PE 13/19, through its Malian
subsidiary, Société des Mines de Finkolo SA
(SOMIFI). The Malian Government holds
a free carried 10% interest in SOMIFI and a free carried 5%
interest is held privately.
The Permits are held in good standing. Malian mining law
provides that all Mineral Resources
are administered by DNGM (Direction Nationale de la
Géologie et des Mines) or National
Directorate of Geology and Mines under the Ministry of
Mines, Energy and Hydrology.
--------------------------------------------------------------- ------------------------------------------------------------
Exploration The Syama deposit was originally discovered by a regional
done by other * Acknowledgment and appraisal of exploration by other geochemical survey undertaken by
parties parties. the Direction National de Géologie et des Mines (DNGM)
with assistance from the United
Nations Development Program (UNDP) in 1985. There had also
been a long history of artisanal
activities on the hill where an outcropping chert horizon
originally marked the present day
position of the open pit.
BHP during 1987-1996 sampled pits, trenches, auger, RC and
diamond drill holes across Syama
prospects. Randgold Resources Ltd during 1996-2000 sampled
pits, trenches, auger, RAB, RC
and diamond drill holes across Syama prospects.
Etruscan Resources Inc explored Tabakoroni during 2002-2003
by auger, aircore, RC and diamond
drill hole tails. The Tabakoroni area was previously
explored Barrick Gold (1990) by auger,
pits, trenches, RAB and diamond core drilling.
--------------------------------------------------------------- ------------------------------------------------------------
Geology The Syama Project is found on the northern margin of the
* Deposit type, geological setting and style of Achaean-Proterozoic Leo Shield which
mineralisation. forms the southern half of the West African Craton. The
project area straddles the boundary
between the Kadiana-Madinani terrane and the Kadiolo
terrane. The Kadiana-Madinani terrane
is dominated by greywackes and a narrow belt of interbedded
basalt and argillite. The Kadiolo
terrane comprises polymictic conglomerate and sandstone
that were sourced from the Kadiana-Madinani
terrane and deposited in a late- to syntectonic basin.
Prospects are centred on the NNE striking, west dipping,
Syama-Bananso Fault Zone and Birimian
volcano-sedimentary units of the Syama Formation. The major
commodity being sought is gold.
The Tabakoroni deposit is hosted in upright tightly folded
greenstone rocks of the Syama Formation,
comprising interbedded basalt and sediment units, and an
overlying complex sequence of deep
marine and turbiditic sediments. The sequence overlying the
basalts contains interbedded carbonaceous
units (silts and shales) that are preferentially deformed,
and which form the Tabakoroni Main
Shear Zone (TMSZ) that lies along the approximate contact
of the greenstone-sediment sequence.
Gold mineralisation occurs within the TMSZ associated with
quartz vein stockworks and stylolitic
quartz reefs.
--------------------------------------------------------------- ------------------------------------------------------------
All information, including easting, northing, elevation,
Drill hole * A summary of all information material to the dip, azimuth, coordinate system,
Information understanding of the exploration results including a drill hole length, intercept length and depth are measured
tabulation of the following information for all and recorded in UTM Zone 29 WGS84.
Material drill holes: The Syama belt is mostly located on the Tengrela 1/200,000
topo sheet (Sheet NC 29-XVIII).
The Tabakoroni local grid has been tied to the UTM Zone 29
o easting and northing of the drill hole collar WGS84 co-ordinate system.
o elevation or RL (Reduced Level - elevation above sea Spectrum Survey & Mapping from Australia established survey
level in metres) of the drill hole control at Tabakoroni using AusPos
collar online processing to obtain an accurate UTM Zone 29 (WGS84)
o dip and azimuth of the hole and 'above geoid' RL for the origin
o down hole length and interception depth of the survey control points.
o whole length. Accuracy of the survey measurements is considered to meet
* If the exclusion of this information is justified on acceptable industry standards.
the basis that the information is not Material and Drill hole information has been tabulated for this release
this exclusion does not detract from the in the intercepts table of the
understanding of the report, the Competent Person accompanying text.
should clearly explain why this is the case. For completeness the following information about the drill
holes is provided:
* Easting, Northing and RL of the drill hole collars
are measured and recorded in UTM Zone 29 (WGS84)
* Dip is the inclination of the drill hole from
horizontal. A drill hole drilled at -60deg is 60deg
from the horizontal
* Down hole length is the distance down the inclination
of the hole and is measured as the distance from the
horizontal to end of hole
* Intercept depth is the distance from the start of the
hole down the inclination of the hole to the depth of
interest or assayed interval of interest.
--------------------------------------------------------------- ------------------------------------------------------------
Data Exploration results reported in this announcement are
aggregation * In reporting Exploration Results, weighting averaging tabulated using the following parameters:
methods techniques, maximum and/or minimum grade truncations * Grid coordinates are WGS84 Zone 29 North
(e.g. cutting of high grades) and cut-off grades are
usually Material and should be stated.
* Cut-off grade for reporting of intercepts is >=1g/t
Au
* Where aggregate intercepts incorporate short lengths
of high-grade results and longer lengths of low-grade
results, the procedure used for such aggregation * No top cut of individual assays prior to length
should be stated and some typical examples of such weighted compositing of the reported intercept has
aggregations should be shown in detail. been applied
* The assumptions used for any reporting of metal * Maximum 3m consecutive internal dilution included
equivalent values should be clearly stated. within the intercept
Metal equivalent values are not used in reporting.
--------------------------------------------------------------- ------------------------------------------------------------
Relationship The Syama mineralisation is steeply dipping at
between * These relationships are particularly important in the approximately 60 degrees from the horizontal.
mineralisation reporting of Exploration Results. The majority of the Tabakoroni mineralisation is vertical.
widths and There is one domain which dips
intercept at 45o to the west.
lengths * If the geometry of the mineralisation with respect to The majority of the drill holes are planned at a general
the drill hole angle is known, its nature should be inclination of --60 degrees east
reported. and as close to perpendicular to the ore zone as possible.
At the angle of the drill holes and the dip of the ore
zones, the reported intercepts will
* If it is not known and only the down hole lengths are be slightly more than true width.
reported, there should be a clear statement to this
effect (e.g. 'down hole length, true width not
known').
--------------------------------------------------------------- ------------------------------------------------------------
Diagrams Relevant maps, diagrams and tabulations are included in the
* Appropriate maps and sections (with scales) and body of text.
tabulations of intercepts should be included for any
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional
views.
--------------------------------------------------------------- ------------------------------------------------------------
Balanced Exploration results and infill drilling results are being
reporting * Where comprehensive reporting of all Exploration reported in this announcement and
Results is not practicable, representative reporting tabulated in the body of the text.
of both low and high grades and/or widths should be
practiced, to avoid misleading reporting of
Exploration Results.
--------------------------------------------------------------- ------------------------------------------------------------
Other No geophysical and geochemical data or any additional
substantive * Other exploration data, if meaningful and material, exploration information has been reported
exploration should be reported including (but not limited to): in this release, as they are not deemed relevant to the
data geological observations; geophysical survey results; release.
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
--------------------------------------------------------------- ------------------------------------------------------------
Further work Further drilling is planned.
* The nature and scale of planned further work (e.g.
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
* Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.
--------------------------------------------------------------- ------------------------------------------------------------
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