Resolute is committed to expanding its gold resources and production base through exploration. The main thrust of exploration activities has been on our tenure close to our existing operations or strategic joint ventures on ground that has been identified through our regional studies.
Resolute exploration has continued to focus on expanding the Company’s gold resources in close proximity to its existing operations in Mali, Tanzania and Queensland. New prospective ground has also been joint ventured or acquired within trucking distance of each of the three operations.
In Mali, the Company controls in its own right or under joint venture a 75km strike length of the highly prospective and regionally significant Syama Shear and greenstone belt. The recent discovery of continuous economic mineralisation at Tellem and the recognition of the extensive (25km strike length) Senufo mineralised trend, confirm the excellent potential of the district to host further large, structurally controlled lode deposits analogous to Syama that could be trucked to the Syama mill. Early exploration success means that excellent scope now exists to build a separate oxide circuit at Syama, and to this end a new feasibility study is currently in progress.
Whilst assuring a long term future in West Africa with the Syama re-development, the Company has been securing significant land holdings over targeted portions of the largely underexplored Birimian greenstone belts in neighbouring Cote D’Ivoire.
In Tanzania, systematic reverse circulation and diamond drilling at the Kavsav prospect has defined a large low grade resource within 7km of the Golden Pride Mine. Work on recently outlined regional lithogeochemical targets along strike to the east of Golden Pride has returned positive early results.
In Queensland one volcanagenic massive sulphide (VMS) target and two Mt Wright style targets are ready for drill testing.
The Exploration team is committed to using systematic exploration, sound geological concepts and the latest technology to ensure significant long term organic growth for shareholders.
