AMN - MALI: Komet has maiden gold resource for Kabaya

Komet Resources has filed a technical report, prepared in accordance with NI 43–101, for the Kabaya gold resource in the southeast of the company’s Dabia Sud property in western Mali. The maiden resource includes 105,000 ounces in the indicated category and 35,000 ounces in the inferred category.

The company recently declared an indicated resource of 3.17 million tonnes grading 1.03 g/t and an inferred resource of 960,000 tonnes grading 1.14 g/t. The cut-off grade used in the estimate was 0.4 g/t.

The pit constrained resource is based on optimised pit shells using a gold price of UA$1350 and a presumed heap leach gold recovery of saprolite ore.

Gold mineralization at Kabaya remains open at depth in bedrock and laterally to the southwest and northwest.

Komet’s CEO L Werner Claessens said: “Komet is pleased to report a maiden resource estimate for the Kabaya prospect. The resource block model suggests excellent potential for significant extensions of the gold deposit at depth and laterally to the southwest and northwest.

“This exploration success clearly warrants the continuation of the drill program in order to further expand resources.

“Moreover, the same approach of systematic exploration will be implemented for the other large gold-in-soil anomalies in the north and east parts of the Dabia Sud property with the objective of discovering new gold deposits.

“From a mining point of view a heap leach scenario is the most viable option to potentially mine this saprolite resource as a startup project,” he said.

The Kabaya resource estimate is based on analytical data from trenching and drill campaigns carried out in 2012-2013-2014, 2017 and 2018. Five trenches totalling 515 metres were completed in 2012-2013.

The drilling consisted of 91 aircore holes totalling 5,256 metres and 91 reverse circulation drill holes totalling 7,274 metres.

Komet intends to continue the resource definition drilling program in order to further develop the resource laterally in saprolite and at depth in bedrock.

The company has the intention of expanding the Kabaya resource with further drilling around the established block model of the deposit, specifically to test for additional gold mineralisation at depth and laterally to the northwest and southwest.

During and after the next drilling campaign a metallurgical program will be designed to determine the mineralogical, metallurgical and communition properties of representative saprolite and bedrock drill rock samples.

Furthermore, an auger drill geochemistry survey is planned to test the soil geochemistry anomalous features in the north and centre parts of the property. Subsequently exploration RC drilling will be carried out to identify potential new resource zones.

The 35 square kilometre Dabia Sud Exploration Permit is in the southeast part of the Paleoproterozoic Kedougou-Kenieba inlier, covering eastern Senegal and western Mali.

Komet Resources is a Canadian-based gold mining and exploration company, listed on the TSX-V, with a focus on exploration and production at its projects in Burkina Faso and Mali, West Africa.

www.kometgold.com