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Alecto Minerals keen to explore west of flagship gold project

29/09/2014 by


Africa-focused gold explorer Alecto Minerals  will focus on the new gold find on the west side of its flagship Kossanto prospect in Mali over the coming fieldwork season. 

Mark Jones, chief executive, said he was looking forward  to getting back on the ground in the coming months and strengthening its understanding of the finds at the Massakama target, which were highlighted by extensive artisanal workings and geological surveys.

"The period under review has been characterised by extensive activity across our projects and I am pleased to report that this has left us well positioned to build value in our portfolio, and particularly at Kossanto, during the forthcoming 2014/2015 field season." 

During the past six months, the company also increased the JORC compliant resource at the east side of the Kossanto deposit by 131% to 247,000 ounces, while partner Centamin confirmed it will fulfil its drilling commitments at two projects in Ethiopia.

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