TIDMALS
RNS Number : 8453K
Altus Strategies PLC
07 January 2021
Altus Strategies Plc / Index (EPIC): AIM (ALS) TSX-V (ALTS)
OTCQX (ALTUF) / Sector: Mining
07 January 2021
Altus Strategies Plc
("Altus" or the "Company")
Broad High Grade Gold Intercepts from Drilling at Diba Project,
Western Mali
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces encouraging initial results from the ongoing 10,000m
Reverse Circulation ("RC") drilling programme at its 100% owned
Diba gold project ("Diba" or the "Project") located in western
Mali. Diba hosts a shallow-dipping near-surface gold deposit (the
"Diba Deposit") and several other prospect areas.
Highlights:
-- Initial results from 10,000m RC drilling programme at Diba gold project in western Mali
-- Intersections from Diba Deposit include:
o 3.34 g/t Au over 60m from 17m (including 13.60 g/t Au over
9m)
o 4.48 g/t Au over 15m from 22m (including 7.18 g/t Au over
9m)
o 22.11 g/t Au over 6m from 89m
o 2.51 g/t Au over 12m from 3m (including 3.32 g/t Au over
7m)
-- Two new zones discovered at the Diba NW prospect, 800m northwest of Diba Deposit.
-- A Mineral Resource Estimate ("MRE") for the Diba Deposit comprises:
o 4,834,000 tonnes at 1.39 g/t Au for 217,000 ounces in the
Indicated category
o 5,479,000 tonnes at 1.06 g/t Au for 187,000 ounces in the
Inferred category
-- Further assay results from the balance of the drilling programme anticipated shortly
-- Follow up drilling planned for Q2 of 2021 to include currently undrilled prospects
-- Diba is strategically located in a world-famous gold belt that hosts numerous open pit mines
Steven Poulton, Chief Executive of Altus, commented:
"We are delighted to report on the excellent results returned
from the ongoing 10,000m RC drilling programme at the Diba gold
project in Western Mali, including 3.34 g/t Au over 60m from 17m
downhole from within the Diba Deposit. Separately we are highly
encouraged by intercepts outside the margins of the current MRE
envelope, indicating along strike and down-dip continuation,
including 4.48 g/t Au over 15m from 22m on its western side and
22.11 g/t Au over 6m from 89m on its eastern side.
"The current drilling programme is also testing satellite
prospects to the main Diba Deposit. Initial results received from
the Diba NW prospect indicate the discovery of two potentially
significant, shallow-dipping and consistent zones of mineralisation
totalling approximately 750m in strike length with intersections
including 0.87 g/t Au over 21m from 79m.
"A number of priority prospects have not been tested in the
current programme and we anticipate that these will be drilled in a
follow-up programme, once physical access to the drill rig is
complete. In the meantime, we look forward to updating shareholders
on further assay results from the current programme as they are
received."
Diba Project: Drilling Programme
The RC drilling programme is currently being undertaken by
Capital Drilling Limited and once complete will comprise
approximately 110 holes totalling approximately 10,000m.
Approximately 4,800m (over 52 holes) is being drilled in and around
that part of the Diba Deposit subject to the MRE, testing the
potential down dip and along strike extensions, as well as
infilling areas to increase the resource confidence. Approximately
5,200m is being drilled to test up to five priority prospects each
located within 3km of the Diba Deposit.
The results for assays returned for the first 51 holes covering
a total of 4886m of drilling are summarised in Table 1 below. These
holes were drilled at -60 degrees inclination and ranged between
50m to 270m in length. Drilling has been orientated perpendicular
to the strike of the Diba Deposit and the interpreted structural
orientation of the target areas.
The programme was designed to:
-- Test potential extension of that part of the Diba Deposit
subject to the MRE along strike and down dip
-- Increase the resource confidence of the MRE including the NE trending high grade zone
-- Test the potential for mineralisation at five surrounding
prospects within 3km of that part of the Diba Deposit subject to
the MRE
-- Provide QAQC support for the Diba Deposit model
Testing potential extension of the Diba MRE
Drilling was undertaken along strike (to the north and south),
down-dip (to the east) and also targeted the potential for lenses
to the west. To date, approximately 4,345m of drilling has been
completed in 23 holes and assay results have been returned for 14
holes (covering approximately 1396m of drilling). Three holes
remain to be drilled.
The results received to date confirm potential on strike and
down dip extensions, including:
-- continuation of mineralisation down-dip in the east
o 22.11 g/t Au over 6m from 89m downhole (20KSRC049)
o 0.73 g/t Au over 3m from 80m downhole (20KSRC-050)
-- continuation of mineralisation up-dip to the west
o 0.54 g/t Au over 2m from 17m downhole (20KSRC-004)
o 5.42 g/t Au over 2m from 46m downhole (20KSRC-005)
-- along strike to the south
o 1.23 g.t Au over 5m from 87m downhole (20KSRC-009)
Increase the resource confidence of the MRE including the NE
trending high grade zone
Approximately 1,384m of drilling has been completed in 15 holes
within that part of the Diba Deposit subject to the MRE,
particularly targeting the interpreted high-grade northeast
trending zone. Assay results from six holes have been received to
date with an additional six holes remaining to be drilled.
The results received to date confirm high grade and near surface
mineralisation, including:
-- 7.18 g/t Au over 9m from 26m downhole (20KSRC-006)
-- 29.65 g/t Au over 2m from 26m downhole (20KSRC-028)
-- 3.34 g/t/Au over 60m from 17m downhole (20KSRC-051)
Test the potential for mineralisation at five surrounding
prospects within 3km of the MRE
Approximately 5,275m of drilling has been completed in 56 holes
across five targets. Assay results have been received for 30 holes
to date with an additional two holes remaining to be drilled.
The results received to date validate the exploration potential
near to the Diba Deposit, including:
-- 0.75 g/t Au over 16m from 3m downhole (20KSRC-019)
-- 0.87 g/t Au over 21m from 79m downhole (20KSRC-041)
Provide QAQC support for the Diba Deposit model
A number of holes were planned proximal to historic holes to
validate previous assay results and intersections in the Diba
Deposit model. So far one hole has been completed and a further
three holes are to be drilled.
The results received to date validate the historic assay data
and intersections, including:
-- 3.34 g/t Au over 60m from 17m downhole (20KSRC-051)
Table 1: Diba drill intersections from current programme
Location Hole ID From To Intersection Grade
(m) (m) (m) (g/t
Au)
Diba Deposit
(within MRE) 20KSRC-006 22.00 37.00 15.00 4.48
------------- ------- ------- ------------- ------
Including:
------------- ---------------------------------------
26.00 35.00 9.00 7.18
------- ------- ------------- ------
44.00 51.00 7.00 0.51
------- ------- ------------- ------
59.00 60.00 1.00 0.51
-------------------------------- ------- ------- ------------- ------
20KSRC-010 3.00 15.00 12.00 2.51
-------------------------------- ------- ------- ------------- ------
Including:
------------- ---------------------------------------
3.00 7.00 4.00 1.62
------- ------- ------------- ------
8.00 15.00 7.00 3.32
------- ------- ------------- ------
20.00 25.00 5.00 0.50
-------------------------------- ------- ------- ------------- ------
20KSRC-011 7.00 13.00 6.00 0.81
-------------------------------- ------- ------- ------------- ------
17.00 19.00 2.00 0.99
-------------------------------- ------- ------- ------------- ------
25.00 29.00 4.00 0.84
-------------------------------- ------- ------- ------------- ------
20KSRC-015 1.00 6.00 5.00 0.63
-------------------------------- ------- ------- ------------- ------
38.00 39.00 1.00 2.01
-------------------------------- ------- ------- ------------- ------
46.00 48.00 2.00 1.14
-------------------------------- ------- ------- ------------- ------
20KSRC-028 26.00 28.00 2.00 29.65
-------------------------------- ------- ------- ------------- ------
35.00 36.00 1.00 0.53
-------------------------------- ------- ------- ------------- ------
41.00 45.00 4.00 0.46
------- ------- ------------- ------
Including:
---------------------------------------
41.00 42.00 1.00 0.73
------- ------- ------------- ------
70.00 71.00 1.00 1.25
------- ------- ------------- ------
87.00 88.00 1.00 0.78
------- ------- ------------- ------
122.00 127.00 5.00 0.72
------- ------- ------------- ------
152.00 153.00 1.00 0.76
-------------------------------- ------- ------- ------------- ------
20KSRC-051 17.00 77.00 60.00 3.34
-------------------------------- ------- ------- ------------- ------
Including:
------------- ---------------------------------------
17.00 20.00 3.00 6.66
------- ------- ------------- ------
22.00 29.00 7.00 2.44
------- ------- ------------- ------
30.00 39.00 9.00 13.60
-------------------------------- ------- ------- ------------- ------
Diba Deposit 20KSRC-001 No significant results
(outside MRE)
------------- ---------------------------------------
20KSRC-002 No significant results
------------- ---------------------------------------
20KSRC-003 19.00 20.00 1.00 1.79
-------------------------------- ------- ------- ------------- ------
25.00 38.00 13.00 1.05
-------------------------------- ------- ------- ------------- ------
20KSRC-004 17.00 19.00 2.00 0.54
-------------------------------- ------- ------- ------------- ------
20KSRC-005 46.00 48.00 2.00 5.42
-------------------------------- ------- ------- ------------- ------
20KSRC-007 No significant results
------------- ---------------------------------------
20KSRC-008 No significant results
------------- ---------------------------------------
20KSRC-009 83.00 99.00 16.00 0.79
-------------------------------- ------- ------- ------------- ------
Including:
------------- ---------------------------------------
87.00 92.00 5.00 1.23
-------------------------------- ------- ------- ------------- ------
20KSRC-012 82.00 85.00 3.00 0.93
-------------------------------- ------- ------- ------------- ------
20KSRC-013 37.00 38.00 1.00 0.94
-------------------------------- ------- ------- ------------- ------
20KSRC-014 69.00 70.00 1.00 0.80
-------------------------------- ------- ------- ------------- ------
20KSRC-016 13.00 16.00 3.00 1.47
-------------------------------- ------- ------- ------------- ------
26.00 27.00 1.00 0.88
-------------------------------- ------- ------- ------------- ------
31.00 32.00 1.00 2.27
-------------------------------- ------- ------- ------------- ------
20KSRC-049A 57.00 58.00 1.00 0.53
-------------------------------- ------- ------- ------------- ------
76.00 77.00 1.00 0.56
-------------------------------- ------- ------- ------------- ------
81.00 84.00 3.00 0.43
------- ------- ------------- ------
89.00 95.00 6.00 22.11
------- ------- ------------- ------
103.00 104.00 1.00 0.52
------- ------- ------------- ------
130.00 131.00 1.00 0.51
------- ------- ------------- ------
145.00 148.00 3.00 0.53
------- ------- ------------- ------
167.00 171.00 4.00 0.37
------- ------- ------------- ------
239.00 244.00 5.00 3.33
------- ------- ------------- ------
255.00 256.00 1.00 1.31
-------------------------------- ------- ------- ------------- ------
20KSRC-050 11.00 12.00 1.00 1.03
-------------------------------- ------- ------- ------------- ------
80.00 83.00 3.00 0.73
-------------------------------- ------- ------- ------------- ------
97.00 98.00 1.00 0.51
------- ------- ------------- ------
122.00 124.00 2.00 0.74
------- ------- ------------- ------
134.00 135.00 1.00 0.63
-------------------------------- ------- ------- ------------- ------
Diba NW Prospect 20KSRC-017 4.00 5.00 1.00 0.50
------------- ------- ------- ------------- ------
9.00 10.00 1.00 0.51
-------------------------------- ------- ------- ------------- ------
40.00 48.00 8.00 0.55
------- ------- ------------- ------
52.00 53.00 1.00 0.73
-------------------------------- ------- ------- ------------- ------
20KSRC-018 No significant results
------------- ---------------------------------------
20KSRC-019 3.00 19.00 16.00 0.75
-------------------------------- ------- ------- ------------- ------
23.00 28.00 5.00 0.54
-------------------------------- ------- ------- ------------- ------
41.00 42.00 1.00 0.52
------- ------- ------------- ------
58.00 59.00 1.00 1.03
------- ------- ------------- ------
75.00 76.00 1.00 0.72
-------------------------------- ------- ------- ------------- ------
20KSRC-020 22.00 41.00 19.00 0.68
-------------------------------- ------- ------- ------------- ------
48.00 49.00 1.00 0.53
-------------------------------- ------- ------- ------------- ------
67.00 69.00 2.00 1.29
-------------------------------- ------- ------- ------------- ------
20KSRC-021 35.00 36.00 1.00 1.66
-------------------------------- ------- ------- ------------- ------
20KSRC-022 18.00 19.00 1.00 1.21
-------------------------------- ------- ------- ------------- ------
25.00 30.00 5.00 0.76
-------------------------------- ------- ------- ------------- ------
38.00 39.00 1.00 0.51
------- ------- ------------- ------
44.00 45.00 1.00 1.10
------- ------- ------------- ------
72.00 73.00 1.00 0.51
-------------------------------- ------- ------- ------------- ------
20KSRC-023 2.00 14.00 12.00 0.77
-------------------------------- ------- ------- ------------- ------
18.00 20.00 2.00 0.62
-------------------------------- ------- ------- ------------- ------
28.00 30.00 2.00 0.57
------- ------- ------------- ------
68.00 69.00 1.00 0.53
------- ------- ------------- ------
71.00 72.00 1.00 0.79
-------------------------------- ------- ------- ------------- ------
20KSRC-024 4.00 5.00 1.00 0.89
-------------------------------- ------- ------- ------------- ------
16.00 21.00 5.00 0.48
-------------------------------- ------- ------- ------------- ------
39.00 41.00 2.00 0.77
------- ------- ------------- ------
51.00 57.00 6.00 0.57
------- ------- ------------- ------
62.00 63.00 1.00 0.50
-------------------------------- ------- ------- ------------- ------
20KSRC-025 35.00 50.00 15.00 0.54
-------------------------------- ------- ------- ------------- ------
62.00 63.00 1.00 0.64
-------------------------------- ------- ------- ------------- ------
67.00 68.00 1.00 0.66
------- ------- ------------- ------
74.00 76.00 2.00 0.61
-------------------------------- ------- ------- ------------- ------
20KSRC-026 63.00 64.00 1.00 0.61
-------------------------------- ------- ------- ------------- ------
20KSRC-027 61.00 62.00 1.00 1.02
-------------------------------- ------- ------- ------------- ------
20KSRC-029 No significant results
------------- ---------------------------------------
20KSRC-030 No significant results
------------- ---------------------------------------
20KSRC-031 No significant results
------------- ---------------------------------------
20KSRC-032 32.00 33.00 1.00 0.52
-------------------------------- ------- ------- ------------- ------
60.00 61.00 1.00 0.84
-------------------------------- ------- ------- ------------- ------
66.00 67.00 1.00 0.57
-------------------------------- ------- ------- ------------- ------
20KSRC-033 26.00 27.00 1.00 1.17
-------------------------------- ------- ------- ------------- ------
86.00 87.00 1.00 2.63
-------------------------------- ------- ------- ------------- ------
20KSRC-034 No significant results
------------- ---------------------------------------
20KSRC-035 20.00 21.00 1.00 0.55
-------------------------------- ------- ------- ------------- ------
28.00 32.00 4.00 0.72
-------------------------------- ------- ------- ------------- ------
37.00 46.00 9.00 0.79
------- ------- ------------- ------
54.00 55.00 1.00 0.50
-------------------------------- ------- ------- ------------- ------
20KSRC-036 15.00 16.00 1.00 0.54
-------------------------------- ------- ------- ------------- ------
23.00 24.00 1.00 0.77
-------------------------------- ------- ------- ------------- ------
31.00 32.00 1.00 0.67
------- ------- ------------- ------
35.00 41.00 6.00 0.62
------- ------- ------------- ------
43.00 45.00 2.00 0.62
------- ------- ------------- ------
57.00 61.00 4.00 0.42
------- ------- ------------- ------
68.00 69.00 1.00 0.54
-------------------------------- ------- ------- ------------- ------
20KSRC-037 16.00 18.00 2.00 0.60
-------------------------------- ------- ------- ------------- ------
24.00 25.00 1.00 0.62
-------------------------------- ------- ------- ------------- ------
69.00 79.00 10.00 0.55
------- ------- ------------- ------
86.00 87.00 1.00 0.51
------- ------- ------------- ------
96.00 97.00 1.00 0.82
-------------------------------- ------- ------- ------------- ------
20KSRC-038 24.00 27.00 3.00 0.71
-------------------------------- ------- ------- ------------- ------
39.00 48.00 9.00 0.47
-------------------------------- ------- ------- ------------- ------
79.00 80.00 1.00 0.52
-------------------------------- ------- ------- ------------- ------
20KSRC-039 2.00 3.00 1.00 0.54
-------------------------------- ------- ------- ------------- ------
40.00 41.00 1.00 0.60
-------------------------------- ------- ------- ------------- ------
20KSRC-040 2.00 3.00 1.00 0.59
-------------------------------- ------- ------- ------------- ------
39.00 46.00 7.00 0.37
-------------------------------- ------- ------- ------------- ------
66.00 73.00 7.00 0.55
------- ------- ------------- ------
78.00 79.00 1.00 0.51
-------------------------------- ------- ------- ------------- ------
20KSRC-041 15.00 16.00 1.00 0.60
-------------------------------- ------- ------- ------------- ------
47.00 48.00 1.00 0.56
-------------------------------- ------- ------- ------------- ------
57.00 58.00 1.00 1.03
------- ------- ------------- ------
73.00 75.00 2.00 1.09
------- ------- ------------- ------
79.00 100.00 21.00 0.87
-------------------------------- ------- ------- ------------- ------
20KSRC-042 3.00 11.00 8.00 0.68
-------------------------------- ------- ------- ------------- ------
17.00 25.00 8.00 0.65
-------------------------------- ------- ------- ------------- ------
29.00 32.00 3.00 1.36
------- ------- ------------- ------
38.00 44.00 6.00 0.51
------- ------- ------------- ------
64.00 65.00 1.00 0.53
------- ------- ------------- ------
87.00 98.00 11.00 0.73
-------------------------------- ------- ------- ------------- ------
20KSRC-043 29.00 30.00 1.00 0.52
-------------------------------- ------- ------- ------------- ------
36.00 44.00 8.00 0.67
-------------------------------- ------- ------- ------------- ------
48.00 49.00 1.00 0.73
------- ------- ------------- ------
55.00 65.00 10.00 0.85
-------------------------------- ------- ------- ------------- ------
20KSRC-044 42.00 57.00 15.00 0.52
-------------------------------- ------- ------- ------------- ------
62.00 67.00 5.00 0.62
-------------------------------- ------- ------- ------------- ------
72.00 74.00 2.00 0.71
------- ------- ------------- ------
91.00 92.00 1.00 0.76
-------------------------------- ------- ------- ------------- ------
20KSRC-045 68.00 79.00 11.00 0.47
-------------------------------- ------- ------- ------------- ------
87.00 98.00 11.00 0.63
-------------------------------- ------- ------- ------------- ------
20KSRC-046 34.00 35.00 1.00 0.50
-------------------------------- ------- ------- ------------- ------
40.00 41.00 1.00 1.15
-------------------------------- ------- ------- ------------- ------
64.00 66.00 2.00 0.99
-------------------------------- ------- ------- ------------- ------
20KSRC-047 No significant results
------------- ---------------------------------------
20KSRC-048 57.00 58.00 1.00 0.70
-------------------------------- ------- ------- ------------- ------
74.00 75.00 1.00 1.18
-------------------------------- ------- ------- ------------- ------
Notes:
1. Intersections based on 0.5 g/t Au cut off and <= 3m consecutive internal waste
2. Intersections are down-the-hole and do not represent true widths of mineralisation
3. No grade capping has been applied
4. Estimated true widths for the holes is from 75% to 100% of the intercept width
Illustrations
The following illustrations have been prepared and relate to the
disclosure in this announcement and are visible in the version of
this announcement on the Company's website (
www.altus-strategies.com ) or in PDF format by following this link:
https://altus-strategies.com/site/assets/files/4994/altus_nr_-_diba_07_jan_2021.pdf
-- Location of the Diba project in western Mali is shown in Figure 1.
-- Location of Diba Deposit and satellite prospects is shown in Figure 2.
-- Plan of drill holes with assay results returned from Diba MRE is shown in Figure 3.
-- Cross section of drill holes within the Diba MRE area is shown in Figure 4.
-- Plan of drill holes with assay results returned from satellite prospects is shown in Figure 5
Mineral Resource Update
The Company intends to incorporate the results from the current
drill programme when all have been received and compiled into an
updated MRE for the Diba Deposit. Diba currently hosts an MRE of
217,000 ounces at 1.39 g/t Au (Indicated) and 187,000 ounces at
1.06 g/t Au (Inferred) in both oxide and fresh domains as set out
in Table 2. The MRE was previously reported by the Company on 06
July 2020 (see Altus' news release titled "Significant Gold
Resource at Diba Project, Western Mali").
Table 2: Diba Mineral Resource Estimate
Domain Indicated Inferred
Tonnes Grade (g/t) Contained gold Tonnes Grade Contained gold (oz)
(t) (oz) (t) (g/t)
---------- ------------ --------------- ---------- ------- --------------------
OXIDE 3,900,000 1.46 183,100 939,000 1.10 33,200
---------- ------------ --------------- ---------- ------- --------------------
FRESH 934,000 1.12 33,600 4,540,000 1.05 153,300
---------- ------------ --------------- ---------- ------- --------------------
Total 4,834,000 1.39 217,000 5,479,000 1.06 187,000
---------- ------------ --------------- ---------- ------- --------------------
Notes:
(1) The MRE has an effective date of 06 July 2020.
(2) The Mineral Resources in the MRE are classified according to
the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)
"Estimation of Mineral Resources and Mineral Reserves Best Practice
Guidelines" dated 29 November, 2019 and CIM "Definition Standards
for Mineral Resources and Mineral Reserves" dated 10 May, 2014.
(3) Mineral Resources are reported within a pit shell and are
reported to a base-case cut-off grade of 0.5 g/t Au.
(4) The quantity and grade of reported Inferred Resources in
this estimation are uncertain in nature and there has been
insufficient exploration to define these Inferred Resources as an
Indicated or Measured Mineral Resource and it is uncertain if
further exploration will result in upgrading them to an Indicated
or Measured Mineral Resource category.
(5) Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability. The estimate of Mineral Resources
may be materially affected by environmental, permitting, legal,
marketing, or other relevant issues.
(6) All tonnages reported are dry metric tonnes. Minor
discrepancies may occur due to rounding to appropriate significant
figures.
(7) Tonnages are rounded to 1,000t and gold to 1,000oz as this is an estimate.
Diba Project: Location
The 81km(2) Diba (Korali Sud licence) project is located in the
Kayes region of western Mali, approximately 450km northwest of the
capital city of Bamako. The Project sits 5km west of the Company's
Lakanfla gold project, which is under joint venture with ASX listed
Marvel Gold Limited and approximately 13km south of the
multi-million ounce Sadiola gold mine and 35km south of the
multi-million ounce Yatela former gold mine, both owned by Allied
Gold Corp. Diba is bounded by the Sadiola permit on its northern
and eastern boundaries. Mineralisation hosted on these properties
is not necessarily indicative of mineralisation hosted at Diba.
Diba Project: Geology and Mineralisation
Mineralisation at the Diba project is sediment-hosted within a
series of stacked lenses, typically between 20m and 40m thick. The
lenses are shallow-dipping at approximately 30 degrees angled to
the east/east-southeast. The Diba Deposit is considered to be
controlled by a number of northwest and northeast orientated
structures, with gold occurring as fine-grained disseminations in
localised high-grade calcite-quartz veinlets. Alteration at Diba is
typically albite-hematite+/-pyrite, although pyrite content is
generally very low (<1 %). The weathering profile at the Project
is estimated to be up to 70m vertical depth, resulting in extensive
oxidation from surface. The oxide gold mineralisation at Diba is
predominantly found in saprolite within 50m of surface and across a
compact 700m x 700m area.
QAQC
All RC samples were collected following industry best practices
with an appropriate number and type of certified reference
materials (standards), blanks and duplicates inserted to ensure an
effective QAQC regime. Drilling at Diba is being conducted by
Capital Drilling Limited. Samples were collected at 1m sample
intervals and a representative sample was split at the site and
sent for analysis at SGS SARL (Bamako, Mali) by fire assay
technique FAE505. All standard, blanks and duplicates have been
reviewed and no significant issues with the data have been
identified.
Qualified Person
The technical disclosure in this regulatory announcement has
been approved by Steven Poulton, Chief Executive of Altus. A
graduate of the University of Southampton in Geology (Hons), he
also holds a Master's degree from the Camborne School of Mines
(Exeter University) in Mining Geology. He is a Fellow of the
Institute of Materials, Minerals and Mining and has over 20 years
of experience in mineral exploration and is a Qualified Person
under the AIM rules and NI 43-101.
For further information you are invited to visit the Company's
website www.altus-strategies.com or contact:
Altus Strategies Plc Tel: +44 (0) 1235 511 767
Steven Poulton, Chief Executive E: info@altus-strategies.com
SP Angel (Nominated Adviser) Tel: +44 (0) 20 3470 0470
Richard Morrison / Adam Cowl
SP Angel (Broker) Tel: +44 (0) 20 3470 0471
Abigail Wayne / Richard Parlons
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Georgia Colkin / Charles Goodwin / Henry E: altus@yellowjerseypr.com
Wilkinson
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a
mining royalty company generating a diversified and precious metal
focused portfolio of assets. The Company's focus on Africa and
differentiated approach, of generating royalties on its own
discoveries as well as through financings and acquisitions with
third parties, has attracted key institutional investor backing.
The Company engages constructively with all stakeholders, working
diligently to minimise its environmental impact and to promote
positive economic and social outcomes in the communities where it
operates. For further information, please visit
www.altus-strategies.com .
Cautionary Note Regarding Forward-Looking Statements
Certain information included in this announcement, including
information relating to future financial or operating performance
and other statements that express the expectations of the Directors
or estimates of future performance constitute "forward-looking
statements". These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
Such factors include without limitation the completion of planned
expenditures, the ability to complete exploration programmes on
schedule and the success of exploration programmes. Readers are
cautioned not to place undue reliance on the forward-looking
information, which speak only as of the date of this announcement
and the forward-looking statements contained in this announcement
are expressly qualified in their entirety by this cautionary
statement.
Where the Company expresses or implies an expectation or belief
as to future events or results, such expectation or belief is based
on assumptions made in good faith and believed to have a reasonable
basis. The forward-looking statements contained in this
announcement are made as at the date hereof and the Company assumes
no obligation to publicly update or revise any forward-looking
information or any forward-looking statements contained in any
other announcements whether as a result of new information, future
events or otherwise, except as required under applicable law or
regulations.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organisation of Canada accepts responsibility for the
adequacy or accuracy of this release.
Market Abuse Regulation Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 ("MAR") until the release of this
announcement.
Glossary of Terms
The following is a glossary of technical terms:
"Au" means gold
"CIM" means the Canadian Institute of Mining, Metallurgy and
Petroleum
"g" means grams
"g/t" means grams per tonne
"grade(s)" means the quantity of ore or metal in a specified
quantity of rock
"km" means kilometres
"m" means metres
"MRE" means Mineral Resource Estimate
"NI 43-101" means National Instrument 43-101 "Standards of
Disclosure for Mineral Projects" of the Canadian Securities
Administrators
"Qualified Person" means a person that has the education, skills
and professional credentials to qualify as a qualified person under
NI 43-101
"RC" means Reverse Circulation drilling
"t" means a metric tonne
**END**
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From May 2023 to May 2024