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Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Shows encouraging gold results from reverse circulation drilling at the Tabakorole gold project in Mali, in which Altus holds a 2.5% net smelter return royalty on production and a 30% equity stake in the project.
Drilling results from five drill holes include 14 metres at 4.9 grams per tonne of gold from 33 metres and 10m at 1.9 g/t of gold from 55 metres.
Mineralisation at the Lone Wolf prospect remains open along strike and at depth.
‘We are delighted with the progress being made by Marvel at our Tabakorole gold royalty and JV project in Mali. The recent RC drilling results are highly encouraging including a wide, high grade and shallow intersection of 14m at 4.9 g/t from 33m. A follow up geophysical survey is now being planned ahead of further drilling,’ says Chief Executive Steven Poulton.
Current stock price: 53.90 pence
12-month change: down 20%
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