Mali: Altus Strategies Announces Increase In Resources For The Diba Gold Project

Gold resources from the Diba project in Mali have increased, now totaling more than 400,000 ounces in the indicated and inferred categories. This is what Altus Strategies, the asset holder, said on Monday, adding that these figures will soon be improved thanks to new drilling.

In Mali, the mining company Altus Strategies released a new resource estimate for the Diba gold project on Monday. Made by the engineering company Mining Plus as part of the prefeasibility study for the project, this update indicates a 637% increase in resources classified as "inferred".

The latter went from 32,500 ounces of gold to 5.4 million tonnes of resources grading 1.06 g / t of gold, or 187,000 ounces. At the same time, resources classified in the "indicated" category are now 4.8 million tonnes grading 1.39 g / t gold, or 217,000 ounces.

"There is significant exploration potential for new discoveries at Diba, with seven priority prospects still to be systematically tested by drilli…

The world economy heavily impacted

in all its components is affected by the COVID 19 pandemic. the fall in Gross Domestic Product (GDP) of around 3.8% in the 1st quarter in the United States.
The world economy heavily impacted

In China, industrial production plunged 13.5% in the months of January and February 2020, compared to the same period of 2019.

According to estimates from an official study, in Canada, the economy could contract by 12% in the year 2020.

As for the European statistics office EUROSTAT, it estimates the decline in GDP in the Euro Zone at 3.8% in the 1st quarter.

In the financial markets, macroeconomic announcements and poor corporate financial publications did not hinder the rebound on most stock markets. However, the US stock markets have fallen sharply following threats of trade sanctions from President Donald TRUMP against China.

Regional news in the WAEMU continues with the issue of "COVID-19 social vouchers". With Burkina Faso and Senegal which raised 80 and 103 billion FCFA respectively, as well as Côte d'Ivoire with 180 billion FCFA.

We note on the regional financial market, an evolution of the stock market indices, with decreases of 1.45% for the BRVM 10 index and 1% for the BRVM Composite index.

We also find the titles BICI CI (-7.96%), BOA MALI (-9.17%) and BOA BF (-9.19%) in the ranking of the top 5 of the biggest drops of the week on the Equity market.