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Alecto Minerals' latest surface sampling system has identified more indicators of gold at its Kossanto Gold Project, West Mali.
Prospecting at the Gourbassi East Main Zone found quality mineralisation while trenching to the south of the Main Zone revealed a new 150 metres (m) long strip.
Earth analysis close to the Gourbassi East prospect exhibited low order structured signals of nearly 2.5 kilometres (km) strip length and over 100m width. Alecto will perform rotary air blast (RAB) drilling utilizing its own equipment and a 100 line-km magnetic evaluation above the uppermost gold-in-soil traces.
Mark Jones, Alecto's CEO, reported: "The Kossanto Gold Project in Mali has a robust supply of 107,000 ounces of gold at our Gourbassi East zone and strong prospects in fresh areas, as further demonstrated by these latest prospection results.
"The fresh mineralisation in the present resource area builds more confidence in our near term goal of boosting our gold resources and the identification of fresh traces throughout the bigger tenure is exciting, particularly provided that numerous substantial gold reserves discovered in the area up to now are connected with broad-scale soil anomalies at or over the 50ppb Au [parts per billion gold] limit.".
Alecto has even released 130.4 mln brand-new shares in relation to its buying of AME West Africa, a stock subscription by Savannah Resources and a transformation of debt to equity by Fahad Al Tamimi.
Alecto Minerals plc is an Africa-centered, gold and base metal mining company, cited on AIM, with exploration ventures in Ethiopia, Mali and Mauritania.
The continual growth of the Kossanto Gold Project in Mali is the Company's prevalent business focal point and with considerable value upside opportunity noticeable throughout the tenure.
Alecto also has a partnership with Centamin plc over 2 prospective gold exploration licences in Ethiopia that sees Alecto preserve exposure to the assets with no cash spending, as well as the entirely owned Wad Amour IOCG Project in Mauritania which is at exploration status.
Combined, these initiatives furnish the firm with a strong, varied portfolio with impressive exploration opportunities.
Prospecting at the Gourbassi East Main Zone found quality mineralisation while trenching to the south of the Main Zone revealed a new 150 metres (m) long strip.
Earth analysis close to the Gourbassi East prospect exhibited low order structured signals of nearly 2.5 kilometres (km) strip length and over 100m width. Alecto will perform rotary air blast (RAB) drilling utilizing its own equipment and a 100 line-km magnetic evaluation above the uppermost gold-in-soil traces.
Mark Jones, Alecto's CEO, reported: "The Kossanto Gold Project in Mali has a robust supply of 107,000 ounces of gold at our Gourbassi East zone and strong prospects in fresh areas, as further demonstrated by these latest prospection results.
"The fresh mineralisation in the present resource area builds more confidence in our near term goal of boosting our gold resources and the identification of fresh traces throughout the bigger tenure is exciting, particularly provided that numerous substantial gold reserves discovered in the area up to now are connected with broad-scale soil anomalies at or over the 50ppb Au [parts per billion gold] limit.".
Alecto has even released 130.4 mln brand-new shares in relation to its buying of AME West Africa, a stock subscription by Savannah Resources and a transformation of debt to equity by Fahad Al Tamimi.
Alecto Minerals plc is an Africa-centered, gold and base metal mining company, cited on AIM, with exploration ventures in Ethiopia, Mali and Mauritania.
The continual growth of the Kossanto Gold Project in Mali is the Company's prevalent business focal point and with considerable value upside opportunity noticeable throughout the tenure.
Alecto also has a partnership with Centamin plc over 2 prospective gold exploration licences in Ethiopia that sees Alecto preserve exposure to the assets with no cash spending, as well as the entirely owned Wad Amour IOCG Project in Mauritania which is at exploration status.
Combined, these initiatives furnish the firm with a strong, varied portfolio with impressive exploration opportunities.
