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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; georgecollard@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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