Copper ore and gold mining company Altus Strategies Plc (LON: ALS) announced that it had identified drill targets at three prospects over two sites, alongside its other announcement that it had secured a licence for multi-mineral and gold operations in Zager.
Altus Resources and Zager
Altau Resources, a local subsidiary of British group Altus Strategies, was granted a licence for multi-mineral and gold operations in Zager. https://t.co/S8eCsllmyw
— Ambassade d’Ethiopie en France (@AmbEthioFR) June 6, 2019
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Altus Strategies Priority Prospects
The company identified targets for drilling across its Djelimangara and Sebessounkoto Sud gold licences in Western Mali. The three priority prospects have a cumulative strike length of over 5.5km and were identified as the Company’s; Souroukoto Prospect, Manankoto Prospect and Soa Prospect.
“Our detailed review of the historic data on the DJ & SBK gold projects has defined a number of priority drill and trench targets,” said Steven Poulton, Chief Executive of Altus.
“With a cumulative strike length of over 5.5km the targets are often coincident with hard rock artisanal gold workings that can extend for up to 150m in length with individual shafts reportedly down to 40m.”
“The company will shortly commence detailed mapping around these prospects to further refine these targets.”
Trading Update
The Company’s shares have not been live on Thursday, Altus Strategies shares last closed at 4.65p per share.