Drilling at Tolu Minerals’ Taula vein has revealed a system extension of over 1500m strike length, reaffirming its technology-focused programs.
Tolu completed its nine drillhole program in early November, using its own diamond drill rig and drilling crew. Results included high-grade gold intersections of 1m at 61.20 gold grams per tonne.
Tolu managing director and chief executive officer Iain Macpherson said the results were a cause for celebration.
“It is exceptionally pleasing the Tolu has achieved this very important and significant milestone in the execution of the strategy of leveraging the existing Tolukuma infrastructure and proven operational performance, to substantially extend the mineral resource estimate and ultimately redevelop Tolukuma into a major new gold-silver producer,” he said.
The nine hole Taula diamond drilling program was planned on a combination of the geophysical results and surface exploration, defining a further zone of gold mineralisation.
“The confirmation of higher-grade gold and silver zones along structural inflexion zones is an important indication, as that was an important feature of mining at Tolukuma,” Macpherson said.
“… It is now a relatively simple exercise to connect the dots to expand the mineral resource estimate resources that may be exploited by existing infrastructure well into the future.”
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