| Announcement Date: | 2022-08-30 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Resolute Mining Ltd. |
| Project name: | Syama |
| Location: | Mali |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Resolute Mining Limited (“Resolute” or “the Company”) (ASX/LSE: RSG) is pleased to announce an updated Mineral Resource Estimate from Syama North and continued positive exploration drilling results. These results confirm the potential for a new open pit operation adjacent to the Syama processing complex. The exploration drilling program at Syama North, initiated in 2021, recorded significant oxide and sulphide gold mineralisation intersections in and around the originally mined-out oxide pits of A21 and Beta/BA-01 located within 4-8 km of the main Syama mining and processing complex. Diamond and RC drilling has continued throughout 2022 with two rigs targeting mineralisation extensions at both the A21 and Beta pits. The drilling was highly successful with all the holes intersecting gold mineralisation and the majority returning significant intersections. These excellent drill results were reported to the market in June 2022 (see ASX announcement 16 June 2022). Since the June announcement drilling has continued and results have been consistently positive with ore grade intervals seen in most holes. Drillhole locations are shown on Figure 1. |
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