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Altus defines drill targets in Mali

Africa-focused project and royalty generator Altus Strategies has defined a series of drill and trench targets at its 100%-owned Djelimangara and Sebessounkoto Sud gold licences in western Mali.
Altus defines drill targets in Mali Altus defines drill targets in Mali Altus defines drill targets in Mali Altus defines drill targets in Mali Altus defines drill targets in Mali

Altus Strategies' projects in Mali

Staff reporter

CEO Steven Poulton said a detailed review of the historic data had defined a number of priority drill and trench targets.
 
The drill targets, based on reinterpretation of geochemical, lithological and geophysical data, have been established at three prospects.
 
Historical drilling intersections at the licences, which are 2km east of Altus' Diba gold project and about 20km southeast of the Sadiola gold mine in Mali's 'Kenieba Window' gold belt, include 3.71g/t gold over 8m and 11.05g/t gold over 3.7m.
 
"With a cumulative strike length of over 5.5km the targets are often coincident with hard rock artisanal gold workings that can extend for up to 150m in length with individual shafts reportedly down to 40m," Poulton said. 
 
He added the project contained over 20km of strike in the prolific Senegal-Mali shear zone and Altus would soon further refine the targets through detailed mapping around the prospects. 
 
At 4.65p (US5.9c), Altus' shares (AIM:ALS) have risen 50% since the start of the year.