A drill campaign by North Atlantic Resources (NAC-T) has wound up at the FT property package in southern Mali, and the company is ready to turn the numbers over to a consultant for an independent resource estimate.
North Atlantic has now done about 14,000 metres of drilling on the property, testing the Tiekoumala prospect and the Foulalaba prospect immediately south of it (hence, “FT”). At both zones the company has established about a 900-metre strike length of gold mineralization.
The greater part of the work in the recent campaign went into delineation drilling at Tiekoumala, where drilling has extended over a 900-metre strike length and down to about 225 metres vertical depth. Typical gold grades are between a fraction of a gram and about 3 grams, over core lengths anywhere from 1 metre to just over 100 metres.
One deep hole, drilled near the northwest end of the prospect, encountered visible gold and an average grade of 2.7 grams gold per tonne over a 1-metre core length. Tiekoumala, which strikes east-southeast, remains open along strike and at depth.
On Foulalaba recent drilling has tested strike extensions mainly around a 150-metre depth below surface. Foulalaba has yielded a number of very long, low-grade intersections near surface, but most of the new results show grades of 0.7 to 1.4 grams gold per tonne over intersections ranging from a metre to 55 metres.
The zone strikes southeast and dips steeply to the northeast, and is open in both directions and down-dip.
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