LONDON (Alliance News) - Altus Strategies PLC said Thursday it has defined several drill and trench targets at its Djelimangara and Sebessounkoto Sun gold licences in Mali.
The drill targets have been established in the Soa, Souroukoto and Manankoto prospects.
For the Soa prospect, Altus has proposed 1,000 metres of trenching and up to 15 drill holes to 100 metres in depths. In Souroukoto, the same length of trenching has been proposed, along with up to 20 drill holes at a depth of 100 metres.
Finally, Altus has proposed 1,000 metres in trenching, and up to 10 drill holes at 100 metres in depth.
All targets are based on the reinterpretation of geochemical, lithological and geophysical data.
The proposed exploration programmes for each prospect is subject to Altus Strategies entering a joint venture or similar deal with a funding third party on the project.
"Our detailed review of the historic data on the DJ and SBK gold projects has defined a number of priority drill and trench targets," said Chief Executive Steven Poulton.
"The project contains over 20 kilometres of strike in the prolific Senegal-Mali shear zone which hosts a number of current and former multi-million ounce gold mines including Sadiola and Yatela. The company will shortly commence detailed mapping around these prospects to further refine these targets. We look forward to updating shareholders in due course," Poulton added.
Shares on Altus Strategies were untraded on Thursday, last quoted at 4.65 pence.