RE: Director buys12 Dec 2018 07:23
Altus Strategies Plc (AIM: ALS & TSX-V: ALTS), the Africa focused exploration project generator, announces the discovery of further zinc, cobalt and copper prospects at its 100% owned 71.8 km2 Takzim project ("Takzim" or the "Project") located in central Morocco.
Highlights:
· Surface samples include 4.64% Zn, 7.78% Cu & 0.15% Co
· Copper bearing quartz-carbonate veins mapped discontinuously for 1.2km
· Coherent 600m long zinc and lead anomaly from soil sampling programme
· Further artisanal workings discovered across the Project
Steven Poulton, Chief Executive of Altus, commented:
"Exploration at our Takzim project, including the recently granted Takzim Est licences, has returned encouraging copper, cobalt and zinc results. These include 7.78% Cu, 1.96% Cu and 1.36% Cu from outcrop and grab samples across a series of veins, which have been mapped discontinuously for over 1.2km in strike length. Rock chip sampling of narrow hematite-rich lenses within these veins has returned highly anomalous cobalt, with grades of 0.15% Co, 0.14% Co, 0.14% Co.
Elsewhere at Takzim, outcrop and grab sampling from quartz-carbonate veins has returned encouraging zinc grades, including 4.64% Zn, 2.22% Zn and 1.39% Zn. Notably a number of these veins lie within a 600m long northeast trending zinc and lead soil anomaly, as defined by an orientation soil sampling programme completed by the Company.
Although at an early stage, we are encouraged by these further discoveries at Takzim. The next phase of exploration is currently being planned and will focus on establishing the potential source and scale of the copper, cobalt and zinc mineralisation discovered to date."
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