Gold explorer Resolute Mining has increased the mineral resource estimate at its satellite deposit, Tomboronkoto, which could result in an extension to the Mako mine in Senegal.
The other two potential satellite deposits that Resolute has been focussing on are Bantaco and Laminia.
Tomboronkoto is the most advanced of the three potential satellite deposits with an indicated and inferred mineral resource estimate (MRE).
The total contained gold at Tomboronkoto increased by at least 30% from the initial mineral resource estimate (MRE) announced in January to over 343,000 ounces (oz).
"We are progressing well with our priority of extending the life of the Mako operation with further drilling success and a significant increase in the mineral resources at the Tomboronkoto project, which is close to the Mako processing facility,” said company executive Terry Holohan.
“Engineering work is progressing parallel to ensure an investment decision can be made on this project in early 2025.”
He said drilling results at the nearby Bantaco project are also starting to intersect mineralisation close to the surface.
Meanwhile, Resolute also published the initial exploration discovery from its wholly-owned greenfields Niagassolo project in Guinea.
It said drilling over the past year led to the completion of an initial MRE at the newly named Mansala prospect, which continues to be its exploration target in the country.
Mathew Nyaungwa, Editor in Chief, Rough&Polished
