Gold miner Resolute Mining Limited (ASX: RSG) saw its share price climb nearly 10% after announcing "excellent drilling results" in its new Mako Gold Mine in Senegal. It was the top performer in the ASX 200 (ASX: XJO).
Resolute Mining said that high grade intersections from diamond drilling below the current Mako pit confirm the potential of a coherent Iode at the north-eastern end of the existing Mako open pit.
What it means is that there's an opportunity to expand the Mako open pit mineral resources and extend the mine life.
The company also said that new joint ventures provide additional satellite resource potential at Majo.
On top of that, there were promising results delivered from drilling activities in associated Cote d'Ivoire tenement package. Preparations are underway for an extensive drilling campaign in 2020 are underway.
John Welborn, Managing Director and CEO of Resolute Mining, said: "The Mako Gold Mine has already outperformed for Resolute and positive exploration results are further confirmation of value creation."
