Mines | Mali: Altus increases its stake in the Tabakorole gold project

Altus Strategies, significantly increased its land stake in the Tabakorole gold  project in southern Mali by 56%  .

Altus holds a 49% and a 2.5% net smelter return on the  project  , and  the  exploration activities in Tabakorole are financed by Marvel  Gold.

Managing Director Phil Hoskins commented: “We are extremely pleased to have consolidated such a land position around the already significant Tabakorole deposit. Our strategy is to develop Tabakorole into a self-sustaining mining operation by consolidating significant land ownership and undertaking systematic exploration to make additional gold discoveries will maximize our chances .

For the CEO of Altus,  Steven Poulton « Tabakorole promises to be an important gold discovery not only in southern Mali, but in the West African context »