Altus Strategies eyes new drill targets at Tabakorole gold project offering 'significant' upside potential

Writer, Stock Market Wire
Tuesday, April 9, 2019 - 08:41

Altus Strategies, an Africa focused exploration project generator, detailed a series of drill targets to test the potential of expanding its Tabakorole gold project in southern Mali.

Historical drilling intersections at the prospect indicated a number of areas where high grade were discovered but not followed up with infill drilling by previous operators. 'We believe these targets offer significant upside potential within and proximal to the current historical resource area,' the company said.

The company also outlined new prospects at the 'FT South' prospect within the licence.

Six hundred metres to the south of and parallel to the FT prospect, a new prospect which was approximately 2.5 km long had been defined from historical airborne magnetic data, the company said.

The next phase of work at Tabakorole was expected to include pitting and auger drilling across the new targets, as well as further resource definition drilling.

The Tabakorole project historical mineral resource comprised of 240,000 ounces of gold in the indicated category and 350,000 ounces of gold in the inferred category.

At 8:41am: (LON:ALS) Altus Strategies Plc share price was 0p at 3.88p

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