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Altus up on silver hits

Project generator Altus Strategies (AIM:ALS) has trumpeted silver findings of almost a kilogram per tonne at its Daro project in Ethiopia.
Altus up on silver hits Altus up on silver hits Altus up on silver hits Altus up on silver hits Altus up on silver hits

Altus is an early-mover in Ethiopia, with the new prime minister making it much more appealing for investors

Staff reporter

Investors responded, sending the little-traded Altus' share price up 6.8% to 3.8p (US4.85c).

The boost came from rock chip sampling at the Simret prospect, which is part of the Daro VMS project.

The highest numbers from the 31-sample programme were 944g/t and 540g/t silver, and 3.55g/t gold.

Altus CEO Steve Poulton said the numbers showed the possibilities of the region's copper-gold-silver mineralisation.

"We are delighted to announce the discovery of the Simret prospect," he said.

"Our exploration has returned very high silver grades including 944g/t Ag, 540g/t Ag, 277g/t Ag and 191g/t Ag from rock chip sampling of quartz veins."

Altus was drawn to a 2.8km by 500m area through stream sampling, which showed anomalous copper, lead and zinc.