TIDMALS
RNS Number : 7797Z
Altus Strategies PLC
27 January 2022
Altus Strategies Plc / Index (EPIC): AIM (ALS) TSX-V (ALTS)
OTCQX (ALTUF) / Sector: Mining
27 January 2022
Altus Strategies Plc
("Altus" or the "Company")
Excellent Gold Grades from Drilling at Diba NW Prospect in
Western Mali
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces the intersection of high gold grades from Reverse
Circulation ("RC") drilling at the Diba NW prospect, which forms
part of the Company's 100% owned, 105 square kilometres ("km(2) ")
combined Diba & Lakanfla gold project ("Diba & Lakanfla" or
the "Project") in western Mali. The Project hosts numerous gold
prospects including a shallow-dipping, near-surface gold deposit
(the "Diba Deposit") and the Diba NW prospect located on the Diba
licence, as well as the Lakanfla Central and Lakanfla West
prospects, located on the Lakanfla licence, approximately 5km east
of the Diba licence.
Highlights:
-- High gold ("Au") grades from RC drilling at the Diba NW prospect in western Mali including:
o 8.74 grams per tonne ("g/t") Au over 7m from 119m (not true
width)
o 4.76 g/t Au over 12m from 102m (not true width)
o 1.16 g/t Au over 29m from 126m (not true width)
-- Programme of approximately 10,000m of RC and Diamond Drilling ("DD") in progress to:
o test the strike and down-dip potential of the Diba NW
prospect
o test the extent of the high-grade zone within the Diba
Deposit
o test the potential of the Lakanfla Central prospect
o expand the current Mineral Resource Estimate ("MRE") of the
Diba Deposit
o potentially generate a maiden MRE at the Diba NW prospect
o potentially generate a maiden MRE at the Lakanfla Central
prospect
-- Project MRE and Preliminary Economic Assessment ("PEA") to be updated with results
-- 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 these high-grade results from the
Diba NW prospect. Intersections of 4.76 g/t Au over 12m from 102m
and 8.74 g/t Au over 7m from 119m (not true widths) are excellent.
Diba NW is located 0.5km northwest of the Diba Deposit and is
modelled as a coherent series of shallow-dipping, near-surface
lenses of gold mineralisation along a discontinuous strike length
of approximately 1.5km. These new high-grade intersections indicate
the presence of potentially enriched zones, or sub vertical
mineralised structures, at Diba NW which will be the subject of
follow-up exploration.
"The current drilling programme comprises up to 10,000m of DD
and RC and is designed to test the potential down-dip and
along-strike extensions of the Diba Deposit and the Diba NW
prospect. Drilling is also planned at the Lakanfla Central prospect
at the Company's 100% owned Lakanfla licence, located approximately
5km east of the Diba licence. Once completed, the drilling results
will feed into an updated MRE for the Diba Deposit and a potential
maiden MRE for the Diba NW and Lakanfla Central prospects. This
work will be followed by an updated Preliminary Economic Assessment
for the Project. We look forward to updating shareholders as
further results are received."
Diba Licence: Drilling Programme
The drilling programme is being undertaken by Capital Drilling
Limited and comprises up to 10,000m of DD and RC across the Diba
Deposit, the Diba NW prospect and the Lakanfla Central prospect. To
date, approximately 5,400m of RC and 1,360m of DD has been
completed.
The DD programme is primarily testing the extent of the
high-grade zone of mineralisation within the current Diba Deposit,
as well as the down-dip extension of the mineralised lenses. In
addition, the DD programme is producing orientated core to enable a
better structural understanding of the Diba Deposit and samples for
density measurements, to better understand any variations between
the oxide, transitional and fresh rock domains.
The RC programme is primarily targeting on strike and down-dip
extensions of the known lenses of mineralisation at both the Diba
Deposit and Diba NW prospect. In addition, RC holes will test the
potential of the Lakanfla Central prospect.
Diba Licence: Initial Drilling Results
Assay results for 27 drill holes have been received to date from
the Diba Deposit and Diba NW prospect from the current programme
(see Table 1). The holes were drilled at -60 degrees inclination
and range between approximately 75m to 215m in length. The drilling
was orientated perpendicular to the interpreted structural
orientation of the Diba Deposit and Diba NW prospect.
Table 1: Drill intersections from current programme at Diba
Licence
Hole ID Target End of From To Intersection Grade
Hole (m) (m) (m) (m) (g/t Au)
Diba NW
21KSRC-133 prospect 200.00 76.00 77.00 1.00 0.57
-------------- ---------- ------- ------- ------------- ---------------
146.00 148.00 2.00 0.56
--------------------------- ---------- ------- ------- ------------- ---------------
169.00 170.00 1.00 0.92
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-134 prospect 160.00 5.00 6.00 1.00 0.66
-------------- ---------- ------- ------- ------------- ---------------
38.00 39.00 1.00 0.74
--------------------------- ---------- ------- ------- ------------- ---------------
43.00 47.00 4.00 0.77
------- ------- ------------- ---------------
89.00 94.00 5.00 0.85
------- ------- ------------- ---------------
99.00 100.00 1.00 0.62
------- ------- ------------- ---------------
119.00 126.00 7.00 0.52
------- ------- ------------- ---------------
128.00 129.00 1.00 0.53
------- ------- ------------- ---------------
150.00 151.00 1.00 0.53
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-135 prospect 150.00 56.00 64.00 8.00 2.25
-------------- ---------- ------- ------- ------------- ---------------
Including: 56.00 60.00 4.00 3.99
---------- ------- ------- ------------- ---------------
77.00 78.00 1.00 0.66
------- ------- ------------- ---------------
79.00 80.00 1.00 0.50
------- ------- ------------- ---------------
105.00 106.00 1.00 2.01
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-136 prospect 175.00 21.00 22.00 1.00 1.17
-------------- ---------- ------- ------- ------------- ---------------
94.00 95.00 1.00 1.34
--------------------------- ---------- ------- ------- ------------- ---------------
108.00 111.00 3.00 0.58
------- ------- ------------- ---------------
148.00 152.00 4.00 0.64
------- ------- ------------- ---------------
158.00 159.00 1.00 0.69
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-137 prospect 200.00 150.00 152.00 2.00 0.66
-------------- ---------- ------- ------- ------------- ---------------
175.00 181.00 6.00 0.73
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-138 prospect 160.00 78.00 80.00 2.00 0.68
-------------- ---------- ------- ------- ------------- ---------------
84.00 87.00 3.00 0.95
--------------------------- ---------- ------- ------- ------------- ---------------
104.00 105.00 1.00 0.67
------- ------- ------------- ---------------
111.00 116.00 5.00 0.80
------- ------- ------------- ---------------
Including: 114.00 116.00 2.00 1.17
------- ------- ------------- ---------------
121.00 122.00 1.00 0.56
------- ------- ------------- ---------------
127.00 129.00 2.00 0.78
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-139 prospect 180.00 27.00 30.00 3.00 0.65
-------------- ---------- ------- ------- ------------- ---------------
52.00 53.00 1.00 0.51
--------------------------- ---------- ------- ------- ------------- ---------------
74.00 77.00 3.00 0.58
------- ------- ------------- ---------------
81.00 83.00 2.00 0.55
------- ------- ------------- ---------------
175.00 176.00 1.00 0.73
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-140 prospect 170.00 114.00 115.00 1.00 0.52
-------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-141 prospect 175.00 7.00 9.00 2.00 2.51
-------------- ---------- ------- ------- ------------- ---------------
13.00 14.00 1.00 0.76
--------------------------- ---------- ------- ------- ------------- ---------------
43.00 45.00 2.00 1.46
------- ------- ------------- ---------------
50.00 52.00 2.00 0.60
------- ------- ------------- ---------------
57.00 63.00 6.00 2.46
------- ------- ------------- ---------------
Including: 58.00 60.00 2.00 5.98
------- ------- ------------- ---------------
67.00 81.00 14.00 0.77
------- ------- ------------- ---------------
85.00 101.00 16.00 0.61
------- ------- ------------- ---------------
106.00 107.00 1.00 0.56
------- ------- ------------- ---------------
112.00 115.00 3.00 0.88
------- ------- ------------- ---------------
126.00 155.00 29.00 1.16
------- ------- ------------- ---------------
Including: 128.00 145.00 17.00 1.53
---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-142 prospect 100.00 39.00 40.00 1.00 0.68
-------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-143 prospect 176.00 3.00 4.00 1.00 0.85
-------------- ---------- ------- ------- ------------- ---------------
16.00 18.00 2.00 1.69
--------------------------- ---------- ------- ------- ------------- ---------------
29.00 30.00 1.00 0.63
------- ------- ------------- ---------------
32.00 34.00 2.00 0.67
------- ------- ------------- ---------------
38.00 40.00 2.00 5.91
------- ------- ------------- ---------------
91.00 92.00 1.00 0.51
------- ------- ------------- ---------------
93.00 94.00 1.00 0.53
------- ------- ------------- ---------------
102.00 114.00 12.00 4.76
------- ------- ------------- ---------------
Including: 105.00 114.00 9.00 6.22
------- ------- ------------- ---------------
118.00 119.00 1.00 0.73
------- ------- ------------- ---------------
150.00 151.00 1.00 0.52
------- ------- ------------- ---------------
164.00 165.00 1.00 1.74
------- ------- ------------- ---------------
174.00 175.00 1.00 0.82
--------------------------- ---------- ------- ------- ------------- ---------------
21KSRC-144 Diba NW 75.00 no significant intersections
prospect
-------------- ---------- ------------------------------------------------
Diba NW
21KSRC-145 prospect 200.00 10.00 23.00 13.00 0.80
-------------- ---------- ------- ------- ------------- ---------------
Including: 14.00 17.00 3.00 1.06
---------- ------- ------- ------------- ---------------
Including: 20.00 23.00 3.00 1.55
------- ------- ------------- ---------------
83.00 84.00 1.00 0.98
------- ------- ------------- ---------------
118.00 119.00 1.00 0.65
------- ------- ------------- ---------------
127.00 128.00 1.00 0.50
------- ------- ------------- ---------------
138.00 139.00 1.00 0.54
------- ------- ------------- ---------------
144.00 148.00 4.00 0.93
------- ------- ------------- ---------------
157.00 164.00 7.00 0.53
------- ------- ------------- ---------------
176.00 181.00 5.00 0.53
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-146 prospect 125.00 8.00 9.00 1.00 0.61
-------------- ---------- ------- ------- ------------- ---------------
13.00 15.00 2.00 0.68
--------------------------- ---------- ------- ------- ------------- ---------------
20.00 21.00 1.00 0.70
------- ------- ------------- ---------------
36.00 37.00 1.00 0.78
------- ------- ------------- ---------------
54.00 55.00 1.00 0.73
------- ------- ------------- ---------------
68.00 69.00 1.00 1.04
------- ------- ------------- ---------------
88.00 90.00 2.00 0.73
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-147 prospect 160.00 2.00 3.00 1.00 0.68
-------------- ---------- ------- ------- ------------- ---------------
119.00 126.00 7.00 8.74
--------------------------- ---------- ------- ------- ------------- ---------------
Including: 119.00 122.00 3.00 19.77
------- ------- ------------- ---------------
130.00 131.00 1.00 0.56
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-148 prospect 140.00 31.00 32.00 1.00 0.79
-------------- ---------- ------- ------- ------------- ---------------
52.00 53.00 1.00 0.67
--------------------------- ---------- ------- ------- ------------- ---------------
62.00 63.00 1.00 0.82
------- ------- ------------- ---------------
111.00 114.00 3.00 0.57
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
21KSRC-149 prospect 110.00 45.00 46.00 1.00 0.67
-------------- ---------- ------- ------- ------------- ---------------
66.00 67.00 1.00 0.71
--------------------------- ---------- ------- ------- ------------- ---------------
78.00 80.00 2.00 1.19
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
22KSRC-150 prospect 75.00 3.00 4.00 1.00 1.14
-------------- ---------- ------- ------- ------------- ---------------
27.00 28.00 1.00 0.56
--------------------------- ---------- ------- ------- ------------- ---------------
34.00 35.00 1.00 0.50
------- ------- ------------- ---------------
36.00 37.00 1.00 0.57
------- ------- ------------- ---------------
38.00 39.00 1.00 0.51
------- ------- ------------- ---------------
53.00 55.00 2.00 0.72
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
22KSRC-151 prospect 75.00 8.00 9.00 1.00 0.71
-------------- ---------- ------- ------- ------------- ---------------
62.00 63.00 1.00 0.53
--------------------------- ---------- ------- ------- ------------- ---------------
22KSRC-152 Diba NW 75.00 no significant intersections
prospect
-------------- ---------- ------------------------------------------------
Diba NW
22KSRC-153 prospect 175.00 3.00 4.00 1.00 0.52
-------------- ---------- ------- ------- ------------- ---------------
7.00 9.00 2.00 0.61
--------------------------- ---------- ------- ------- ------------- ---------------
18.00 28.00 10.00 0.59
------- ------- ------------- ---------------
35.00 44.00 9.00 1.06
------- ------- ------------- ---------------
63.00 64.00 1.00 0.55
------- ------- ------------- ---------------
94.00 99.00 5.00 0.68
------- ------- ------------- ---------------
115.00 117.00 2.00 0.66
------- ------- ------------- ---------------
137.00 138.00 1.00 0.74
------- ------- ------------- ---------------
148.00 154.00 6.00 0.60
------- ------- ------------- ---------------
164.00 175.00 11.00 1.03
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
22KSRC-154 prospect 200.00 81.00 82.00 1.00 1.31
-------------- ---------- ------- ------- ------------- ---------------
97.00 98.00 1.00 0.93
--------------------------- ---------- ------- ------- ------------- ---------------
120.00 124.00 4.00 1.38
------- ------- ------------- ---------------
128.00 132.00 4.00 1.36
------- ------- ------------- ---------------
170.00 172.00 2.00 0.84
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
22KSRC-155 prospect 155.00 66.00 67.00 1.00 3.10
-------------- ---------- ------- ------- ------------- ---------------
81.00 85.00 4.00 0.55
--------------------------- ---------- ------- ------- ------------- ---------------
88.00 89.00 1.00 0.62
------- ------- ------------- ---------------
93.00 95.00 2.00 0.89
------- ------- ------------- ---------------
99.00 100.00 1.00 0.56
------- ------- ------------- ---------------
101.00 102.00 1.00 0.53
------- ------- ------------- ---------------
103.00 106.00 3.00 0.52
------- ------- ------------- ---------------
109.00 110.00 1.00 0.54
------- ------- ------------- ---------------
114.00 118.00 4.00 1.60
------- ------- ------------- ---------------
127.00 128.00 1.00 0.70
--------------------------- ---------- ------- ------- ------------- ---------------
Diba NW
22KSRC-156 prospect 85.00 17.00 19.00 2.00 0.75
-------------- ---------- ------- ------- ------------- ---------------
31.00 85.00 54.00 Assays pending
--------------------------- ---------- ------- ------- ------------- ---------------
Diba Deposit
(within
21KSDD-003 MRE) 171.10 73.00 74.00 1.00 0.55
-------------- ---------- ------- ------- ------------- ---------------
97.00 99.10 2.10 11.95
--------------------------- ---------- ------- ------- ------------- ---------------
104.00 106.00 2.00 0.77
------- ------- ------------- ---------------
110.00 111.00 1.00 0.61
------- ------- ------------- ---------------
118.00 119.00 1.00 1.22
------- ------- ------------- ---------------
125.00 126.47 1.47 3.03
--------------------------- ---------- ------- ------- ------------- ---------------
Diba Deposit
(within
21KSDD-004 MRE) 201.60 22.30 24.80 2.50 18.07
-------------- ---------- ------- ------- ------------- ---------------
41.20 42.20 1.00 0.52
--------------------------- ---------- ------- ------- ------------- ---------------
66.30 72.60 6.30 0.69
------- ------- ------------- ---------------
82.66 87.90 5.24 1.33
------- ------- ------------- ---------------
91.00 92.00 1.00 0.67
------- ------- ------------- ---------------
96.00 101.00 5.00 1.23
------- ------- ------------- ---------------
109.00 114.00 5.00 1.22
------- ------- ------------- ---------------
118.00 119.00 1.00 0.84
------- ------- ------------- ---------------
150.00 151.00 1.00 1.34
------- ------- ------------- ---------------
157.00 158.00 1.00 0.65
------- ------- ------------- ---------------
169.00 176.00 7.00 0.84
--------------------------- ---------- ------- ------- ------------- ---------------
Diba Deposit
(within
21KSDD-005 MRE) 213.20 25.00 26.00 1.00 0.60
-------------- ---------- ------- ------- ------------- ---------------
45.90 47.00 1.10 0.86
--------------------------- ---------- ------- ------- ------------- ---------------
52.00 53.00 1.00 0.65
------- ------- ------------- ---------------
57.00 60.20 3.20 0.71
------- ------- ------------- ---------------
83.00 84.00 1.00 0.52
------- ------- ------------- ---------------
106.00 107.00 1.00 0.80
------- ------- ------------- ---------------
115.00 116.00 1.00 8.88
------- ------- ------------- ---------------
123.00 125.00 2.00 7.64
------- ------- ------------- ---------------
129.00 130.00 1.00 1.94
------- ------- ------------- ---------------
146.00 151.00 5.00 0.78
------- ------- ------------- ---------------
151.60 213.00 61.40 Assays pending
--------------------------- ---------- ------- ------- ------------- ---------------
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. Table shows uncapped grades
4. Estimated true widths for the holes is from 75% to 100% of the intercept width
Illustrations
The following figures relate to the disclosures 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/5430/altus_nr_-_diba_nw_27_jan_2022.pdf
-- Location of the Diba & Lakanfla gold project in western Mali is shown in Figure 1.
-- Location of the key prospects at the Diba & Lakanfla gold project is shown in Figure 2.
-- Plan of Diba Deposit and Diba NW prospect is shown in Figure 3.
-- Cross section of interpreted mineralised trend at Diba NW prospect is shown in Figure 4.
-- Cross section of higher-grade zone at Diba NW prospect is shown in Figure 5.
-- Selection of photos from the latest drilling programme is shown in Figure 6.
Diba Deposit Mineral Resource Estimate
The Diba licence hosts a deposit for which 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 has been made, as set
out in Table 2. The MRE was previously reported by the Company on 6
July 2020 (see Altus' news release titled "Significant Gold
Resource at Diba Project, Western Mali"). The Diba Deposit remains
open down-dip.
Table 2: Diba Deposit Mineral Resource Estimate
Domain Indicated Inferred
Tonnes Grade Contained Tonnes Grade Contained
(t) (g/t) gold (t) (g/t) gold
(oz) (oz)
------------ --------- ------------ ------------ --------- ------------
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:
-- The MRE has an effective date of 6 July 2020.
-- 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.
-- Mineral Resources are reported within a pit shell and are
reported to a base-case cut-off grade of 0.5 g/t gold.
-- The quantity and grade of Inferred Resources in the MRE are
uncertain in nature and there has been insufficient exploration to
define these Inferred Resources as an Indicated or Measured
Resource and it is uncertain if further exploration will result in
upgrading them to an Indicated or Measured Resource category.
-- Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability.
-- The MRE may be materially affected by environmental,
permitting, legal, marketing, or other relevant issues. Altus is
not currently aware of any such issues.
-- All tonnages reported are dry metric tonnes. Minor
discrepancies may occur due to rounding to appropriate significant
figures.
-- Tonnages are rounded to 1,000t and gold to 1,000oz in the totals as this is an estimate .
-- Altus is the operator and 100% owner of the Diba licence .
Diba & Lakanfla Gold Project: Location
The 81km(2) Diba gold project (Korali Sud licence) and the
24km(2) Lakanfla gold project are located 5km apart in the Kayes
region of western Mali, approximately 450km northwest of the
capital city of Bamako. Diba & Lakanfla is located adjacent to
the multi-million ounce Sadiola gold mine licence and 35km south of
the multi-million ounce Yatela former gold mine, both acquired by
Allied Gold Corporation from the previous operators AngloGold
Ashanti (JSE: ANG, NYSE: AU and ASX: AGG) and IAMGOLD Corporation
(TSX: IMG and NYSE: IAG). Mineralisation hosted on these mines is
not necessarily indicative of mineralisation hosted at
Lakanfla.
Diba Licence: Geology and Mineralisation
Mineralisation at Diba is sediment-hosted within a series of
stacked quartz 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 the Diba
Deposit is predominantly found in saprolite within 50m of surface
and across a compact 700m x 700m area.
Lakanfla Licence: Geology & Mineralisation
The Lakanfla project hosts a significant number of active and
historic artisanal gold workings coincident with major geochemical
and gravity anomalies. These workings surround the Kantela
granodiorite intrusion and cover an area of approximately 900m x
500m. Significantly, there is evidence of ground collapse at
surface, indicative of karst style voids at depth within carbonate
rock units. The gold mineralisation at Lakanfla is hosted within
breccia zones which cut the granodiorite and surrounding carbonate
metasediments. Historic drilling has returned encouraging
intersections including 9.78 g/t Au over 12m and 5.20 g/t Au over
16m (not true widths) as well as having intersected voids and
unconsolidated sand from 165-171m depth. The Company has not
verified the historic drilling data at the Lakanfla project.
QAQC
All drilling samples are collected by the Company following
industry best practices with an appropriate number and type of
certified reference materials (standards), blanks and duplicates
inserted to ensure an effective Quality Assurance Quality Control
"QAQC" regime. RC samples are collected at 1m intervals with
representative samples split at the site. Half core DD samples are
collected at between 0.5m and 1.5m intervals based on lithological
and mineralisation boundaries. Samples from the Project are sent
for analysis at SGS SARL (Bamako, Mali) by fire assay technique
FAE505. All standard, blanks and duplicates from results discussed
in this release 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-mail: info@altus-strategies.com
SP Angel Corporate Finance LLP (Nominated
Adviser) Tel: +44 (0) 20 3470 0470
Richard Morrison / Adam Cowl
SP Angel Corporate Finance LLP (Broker)
Grant Barker Tel: +44 (0) 20 3470 0471
Rob Rees Tel: +44 (0) 20 3470 0535
Shard Capital Partners LLP (Broker)
Isabella Pierre / Damon Heath Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Charles Goodwin / Henry Wilkinson E-mail: altus@yellowjerseypr.com
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 differentiated approach
of generating royalties on its own discoveries in Africa and
acquiring royalties globally 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
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Glossary of Terms
"Au" means gold
"DD" means diamond drilling
"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
"oz" means ounces
"PEA" means Preliminary Economic Assessment
"QAQC" means Quality Assurance Quality Control
"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**
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDEAEFXAFSAEEA
(END) Dow Jones Newswires
January 27, 2022 02:00 ET (07:00 GMT)
Altus Strategies (LSE:ALS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altus Strategies (LSE:ALS)
Historical Stock Chart
From Apr 2023 to Apr 2024