Altus Strategies defines drill targets at Diba gold prospect in Mali

Writer, Stock Market Wire
Monday, February 4, 2019 - 14:52

Altus Strategies said it had defined a series of drill targets to test the potential of expanding the Diba gold project in Mali.

Diba is located 13km south of the multi-million ounce Sadiola gold mine in the so-called Kenieba Window gold belt in the African nation.

Discussions were underway with a number of potential partners in respect of Diba, the company said.

'The adjacent Sadiola mine is reportedly for sale and is expected to have exhausted its oxide feed in the coming months,' chief executive Steven Poulton said.

'However, while we recognise that Diba may be a potential source of future oxide feed for Sadiola, we also consider it has significant standalone oxide potential.'

'Altus is currently in discussion with a number of potential joint venture partners and other groups to advance the Diba project, as well as our other projects in western and southern Mali.'

'We look forward to updating shareholders on these discussions in due course.'

At 2:52pm: (LON:ALS) Altus Strategies Plc share price was 0p at 2.95p

Related content

Altus Strategies makes gold discoveries at Zager project in northern Ethiopia

Altus Strategies said its maiden exploration programme at its Zager project in northern Ethiopia had revealed signs of gold.

The company's maiden programme of prospecting...

Thu, 15/08/2019 - 08:54

Altus Strategies eyes joint-venture talks with other parties after Indiana deal falls through

Altus Strategies said the proposed joint-venture deal with Indiana fell through after the latter failed to meet an extended deadline. But the company added it...

Mon, 17/06/2019 - 09:45

Altus Strategies outlines drill targets over three prospects in Western Mali

Altus Strategies outlined its drill targets at three prospects across its Djelimangara and Sebessounkoto Sud gold licences in Western Mali.

The company defined three priority...

Thu, 06/06/2019 - 10:06

Altus Strategies granted Zager exploration licence in Ethiopia

Mining project prospector Altus Strategies said its Ethiopian unit had been granted the Zager exploration licence.

The play targeted volcanogenic massive sulphide hosted copper and...

Mon, 03/06/2019 - 14:38

Altus Strategies extends Mali mine joint venture with Resolute Mining

Mining project generator Altus Strategies said it had extended a joint venture with Resolute Mining in southern Mali extended by two years to May 2021....

Wed, 08/05/2019 - 14:51