Altus targets significant oxide gold resource in western Mali
Thursday, Feb 01, 2018
Altus Strategies Plc, the Africa focused exploration project generator, announces the commencement of exploration at three of its 100% owned gold projects in the world renowned ‘Kenieba Window’ of western Mali.

Highlights:

  • Targeting a significant near surface and strategically located oxide gold resource
  • Historic drilling of 20.66g/t Au over 12m, 9.78g/t Au over 12m and 5.20g/t Au over 16m
  • Potential for central processing plant within 10km of several gold deposits Diba and Lakanfla deposits are located within 13km and 6km of 13Moz Sadiola gold mine
  • Western projects cover 18km strike and 2.5km width along Senegal/Mali Shear Zone
  • Pitiangoma Est project in southern Mali is under Joint Venture with Resolute Mining Ltd
  • Altus to seek further Joint Venture partnership in Mali in line with its Project Generator model

Steven Poulton, Chief Executive of Altus, commented:

“We firmly believe our portfolio of projects in western and southern Mali is highly prospective for the discovery of economic gold deposits. The western cluster of licences total 190 sq km are located broadly on strike of the 13Moz Sadiola gold mine and 4.5Moz Yatela former gold mine, within the world renowned ‘Kenieba Window’. Based on the encouraging historic drilling results to date and the shear intensity of active artisanal gold mining, we believe the potential exists for a significant oxide gold resource to be defined from a number of proximal deposits that could be centrally processed. Our exploration teams are now on the ground, mapping and sampling artisanal workings and completing soil surveys to prioritise the next phases of exploration. One of the projects is under joint venture with ASX listed Resolute Mining Ltd. In line with our Project Generator model, our objective is to undertake further joint venture partnerships across our portfolio of projects in Mali. We look forward to updating shareholders on our progress in due course.”

For more information, please visit: http://www.altus-strategies.com/

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