Alecto Minerals CEO says resource estimate proves project acquisition was a good one

Apr 28, 2015, 11:04 AM

Mark Jones, chief executive of Alecto Minerals (LON:ALO), tells Proactive Investors the acquisition of Kerboulé has been vindicated by today’s independent resource estimate for the gold project in Burkina Faso. The resource, compiled by Wardell Armstrong, comes in at 6.2 million tonnes, grading at 1.16 grams per tonne (g/t) gold for 230,758 ounces of gold, at a cut-off 0.5 g/t. Jones says the company will ‘continue to establish and look for quality portfolio assets as we understand who out there would like to access this sort of ground in a potential joint venture scenario’. #ALO