Email Facebook Twitter

#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects Watch Here

#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign

Alliance News

Altus Strategies Finds New Gold Prospect On Mali Project

Tue, 13th Mar 2018 14:06

LONDON (Alliance News) - Altus Strategies PLC said Tuesday exploration work at Soa in western Mali has identified a new 2.3 kilometre long gold prospect.

The new prospect has been found on Altus' 100% owned Sebessounkoto Sud licence.

Altus said historical channel sample results have been reported at 0.68 grammes of gold per tonne of ore over 61.4 metres, and there are numerous hard rock workings at the site.

Sampling from mining waste has returned grades of 5.2 g/t gold, 4.0 g/t gold, and 2.4 g/t gold. Previous sampling from an outcrop returned 18.5 g/t gold and 12 g/t gold.

Altus is now planning follow-up exploration on the prospect.

Chief Executive Steven Poulton said: "Results from the first phase of prospecting at Soa has defined a 2.3km long north-east trending target within the Sebessounkoto Sud licence in western Mali. The prospect is located approximately 22km from AngloGold Ashanti and IamGold's Sadiola gold mine."

"The newly defined prospect is one of four prospects defined to date in our western Mali licence cluster," Poulton added. "We look forward to updating shareholders on further results from our first phase of exploration in Mali in due course."

Shares were untraded on Tuesday.

By George Collard;

Copyright 2018 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.