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A successful trenching and soil sampling programme demonstrates value upside potential at Kossanto gold project.

Trenching over the Gourbassi east main zone has revealed high grade mineralisation related to previously untested east-west orientated structures with grades of up to 14m @ 3.71 g/t gold (Au). Trenching to south of the main zone has revealed a new zone of mineralisation of 150 m in strike length, with grades of up to 22m @ 0.82 g/t Au and open along strike in both directions.

Soil geochemistry around the Gourbassi east prospect has revealed low order (+30ppb Au) kilometre-scale structured anomalies of up to 2.5km strike length and more than 100m width. New targets identified with soil sampling outlined high order (+50ppb) gold-in-soil (Au-in-soil) anomalies including Gourbassi north–west zone and south-east extension zone.

Rotary Air Blast (RAB) drilling has been planned in high order Au-in-soil anomalies along with expansion of soil sample area to commence at the end of the wet season (November 2013). A 100 line-km of ground magnetic survey has been planned over the high order Au-in-soil anomalies using Alecto owned equipment and expertise.

“The Kossanto gold project in Mali has both a solid resource of 107,000 ounces of gold at our Gourbassi east target and strong prospectivity in new areas, as further demonstrated by these latest exploration results,” says Mark Jones, Alecto Minerals CEO.

“The new mineralisation within the current resource area builds further confidence in our near term goal of increasing our gold resources and the identification of new anomalies throughout the wider tenure is exciting, particularly given that a number of large-scale gold deposits discovered in the region to date are associated with broad-scale soil anomalies at or above the 50ppb Au threshold.  Our next task will be to undertake RAB drilling, using our own equipment, to increase our exposure to the inherent value apparent within our tenure, which is located in a highly prospective gold district.”

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