TIDMALS
RNS Number : 0537F
Altus Strategies PLC
17 March 2022
Altus Strategies Plc / Index (EPIC): AIM (ALS) TSX-V (ALTS)
OTCQX (ALTUF) / Sector: Mining
17 March 2022
Altus Strategies Plc
("Altus" or the "Company")
Further Significant Intercepts from Diba & Lakanfla Gold
Project in Western Mali
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces further significant gold intersections from reverse
circulation ("RC") drilling at the Company's 100% owned, 105 square
kilometre ("km(2) ") Diba & Lakanfla gold project ("Diba &
Lakanfla" or the "Project") in western Mali. The Lakanfla licence
is located approximately 5 kilometres ("km") east of the Company's
Diba licence. Both licences host numerous gold prospects, including
a shallow-dipping, near-surface gold deposit (the "Diba
Deposit").
Highlights:
-- RC drilling completed at 100% owned Diba & Lakanfla in western Mali
-- Latest intersections from the Lakanfla Central prospect include (not true widths):
o 0.90 grams per tonne ("g/t") Au over 66 metres ("m") from
41m
o 1.32 g/t Au over 26m from 85m
o 2.21 g/t Au over 12m from 137m
o 4.37 g/t Au over 6m from 32m
-- Latest intersections from the Diba NW prospect include (not true widths):
o 1.81 g/t Au over 10m from 256m
o 0.60 g/t Au over 23m from 154m
-- Programme designed to generate an updated Project Mineral Resource Estimate ("MRE")
-- MRE to be integrated into an updated Preliminary Economic Assessment ("PEA")
-- Strategically located in a world-famous gold belt that hosts numerous open-pit mines
Steven Poulton, Chief Executive of Altus, commented:
"We are pleased to report on the further encouraging drilling
intersections from the Diba & Lakanfla gold project in western
Mali. RC results include 1.32 g/t Au over 26m from 85m and 0.90 g/t
Au over 66m from 41m (not true widths) from the Lakanfla Central
prospect. These results extend the mineralised strike of Lakanfla
Central by approximately 200m to approximately 750m, with
mineralisation remaining open to the northeast and at depth. The
latest results confirm the presence of a broad gold mineralised
package at Lakanfla Central, from which we recently reported an
intersection of 1.23 g/t Au over 127m from 21m (not true
width).
"Lakanfla Central is hosted within a large porphyritic granite
and is one of at least four priority prospects at Lakanfla, where
gold mineralisation is often associated with sub-vertical and
brecciated structures. Lakanfla hosts a number of zones of intense
hard rock artisanal gold workings. Historical results from drilling
at the Lakanfla licence include 5.10 g/t Au over 26m, 4.31 g/t over
18m and 1.02 g/t Au over 60m (not true widths).
"Lakanfla is located approximately 5km east of the Diba licence,
which hosts the Diba Deposit and the Diba NW prospects. The results
from the now completed drilling programme at Diba & Lakanfla
will feed into an updated independent MRE and PEA for the Project.
We look forward to updating shareholders on the results of these
studies in due course."
Diba & Lakanfla Project: Drilling Programme
The 11,832m drilling programme at the Project has been completed
by Capital Drilling Limited and comprised 1,359m of diamond
drilling ("DD"), 1,433m of air core ("AC") and 9,040m of RC
drilling.
The most recent and final phase of drilling at Lakanfla
comprised 3,848m of RC, testing a number of targets which could
potentially contribute to a maiden MRE including:
Lakanfla Central Prospect
-- Twenty holes for a total of 3,283m were drilled
-- The prospect comprises a series of mineralised breccias
within an altered granodiorite host with surrounding carbonate
metasediments
-- Drilling targeted the prospect at depth and tested potential on strike extensions
Zone 3 Prospect
-- Three holes for a total of 390m were drilled
-- The prospect hosts mineralised breccia at surface and artisanal workings
-- Drilling tested the strike potential of the prospect
Zone 4 Prospect
-- Two holes for a total of 175m were drilled in addition to a programme of trenching
-- The prospect hosts a number of high-grade gold in soil anomalies
-- Drilling was undertaken to test strike potential
Diba & Lakanfla Project: Drilling Results
All assay results have now been received from the current
programme at Diba & Lakanfla (see Table 1). The holes were
drilled at between -50 to -70 degrees inclination and range between
approximately 75m to 315m in length. The drilling was orientated
perpendicular to the interpreted structural orientation at Diba
& Lakanfla.
Table 1: Drill intersections from recent programme at Diba &
Lakanfla
Hole ID Target End From (m) To (m) Intersection Grade
of Hole (m) (g/t
(m) Au)
22KSRC-157 Diba North-West 108.00 10.00 11.00 1.00 1.44
----------------- --------- --------- ------- ------------- ------
22KSRC-157 73.00 74.00 1.00 0.64
--------- --------- ------- ------------- ------
22KSRC-158 Diba North-West 215.00 40.00 44.00 4.00 0.54
----------------- --------- --------- ------- ------------- ------
22KSRC-158 59.00 61.00 2.00 1.52
--------- --------- ------- ------------- ------
22KSRC-158 69.00 70.00 1.00 0.78
--------- ------- ------------- ------
22KSRC-158 74.00 77.00 3.00 0.50
--------- ------- ------------- ------
22KSRC-158 97.00 98.00 1.00 0.73
--------- ------- ------------- ------
22KSRC-158 118.00 119.00 1.00 0.60
--------- ------- ------------- ------
22KSRC-158 138.00 140.00 2.00 1.23
--------- ------- ------------- ------
22KSRC-158 144.00 145.00 1.00 0.59
--------- ------- ------------- ------
22KSRC-158 149.00 150.00 1.00 0.53
--------- --------- ------- ------------- ------
22KSRC-159 Diba North-West 250.00 30.00 31.00 1.00 0.54
----------------- --------- --------- ------- ------------- ------
22KSRC-159 48.00 49.00 1.00 0.59
--------- --------- ------- ------------- ------
22KSRC-159 82.00 83.00 1.00 0.65
--------- ------- ------------- ------
22KSRC-159 154.00 177.00 23.00 0.60
--------- ------- ------------- ------
22KSRC-159 194.00 195.00 1.00 0.53
--------- ------- ------------- ------
22KSRC-159 214.00 215.00 1.00 0.54
--------- ------- ------------- ------
22KSRC-159 227.00 228.00 1.00 0.62
--------- --------- ------- ------------- ------
Diba Deposit
(outside
22KSRC-160 of MRE) 315.00 84.00 85.00 1.00 1.13
----------------- --------- --------- ------- ------------- ------
22KSRC-160 102.00 103.00 1.00 0.97
--------- --------- ------- ------------- ------
22KSRC-160 151.00 153.00 2.00 2.72
--------- ------- ------------- ------
22KSRC-160 170.00 172.00 2.00 0.59
--------- ------- ------------- ------
22KSRC-160 194.00 195.00 1.00 0.88
--------- ------- ------------- ------
22KSRC-160 216.00 217.00 1.00 0.87
--------- ------- ------------- ------
22KSRC-160 228.00 229.00 1.00 1.47
--------- ------- ------------- ------
22KSRC-160 250.00 251.00 1.00 0.65
--------- ------- ------------- ------
22KSRC-160 265.00 269.00 4.00 0.70
--------- ------- ------------- ------
22KSRC-160 278.00 279.00 1.00 0.96
--------- --------- ------- ------------- ------
Diba Deposit
(outside
22KSRC-161 of MRE) 307.85 162.00 163.00 1.00 1.48
----------------- --------- --------- ------- ------------- ------
22KSRC-161 178.00 179.00 1.00 0.56
--------- --------- ------- ------------- ------
22KSRC-161 181.00 182.00 1.00 0.93
--------- ------- ------------- ------
22KSRC-161 190.00 193.00 3.00 3.30
--------- ------- ------------- ------
22KSRC-161 197.00 198.00 1.00 0.88
--------- ------- ------------- ------
22KSRC-161 229.00 231.00 2.00 0.55
--------- ------- ------------- ------
22KSRC-161 243.00 247.00 4.00 0.53
--------- ------- ------------- ------
22KSRC-161 250.00 251.00 1.00 0.51
--------- ------- ------------- ------
22KSRC-161 256.00 266.00 10.00 1.81
--------- ------- ------------- ------
22KSRC-161 274.00 275.00 1.00 0.52
--------- ------- ------------- ------
22KSRC-161 290.00 291.00 1.00 2.23
--------- --------- ------- ------------- ------
Diba Deposit
(outside
22KSRC-162 of MRE) 250.00 118.00 122.00 4.00 0.51
----------------- --------- --------- ------- ------------- ------
22KSRC-162 154.00 155.00 1.00 1.15
--------- --------- ------- ------------- ------
22KSRC-162 166.00 169.00 3.00 2.00
--------- ------- ------------- ------
22KSRC-162 192.00 193.00 1.00 0.77
--------- ------- ------------- ------
22KSRC-162 197.00 198.00 1.00 1.31
--------- ------- ------------- ------
22KSRC-162 219.00 220.00 1.00 0.59
--------- ------- ------------- ------
22KSRC-162 229.00 230.00 1.00 1.42
--------- --------- ------- ------------- ------
22KSRC-163 Diba Deposit 100.00 no significant intersections
(outside
of MRE)
----------------- --------- -----------------------------------------
Diba Deposit
(outside
22KSRC-164 of MRE) 150.00 12.00 14.00 2.00 0.71
----------------- --------- --------- ------- ------------- ------
22KSRC-164 21.00 22.00 1.00 0.63
--------- --------- ------- ------------- ------
22KSRC-164 42.00 43.00 1.00 0.58
--------- ------- ------------- ------
22KSRC-164 66.00 67.00 1.00 0.65
--------- ------- ------------- ------
22KSRC-164 98.00 99.00 1.00 0.61
--------- ------- ------------- ------
22KSRC-164 103.00 104.00 1.00 0.56
--------- ------- ------------- ------
22KSRC-164 126.00 127.00 1.00 0.69
--------- ------- ------------- ------
22KSRC-164 140.00 141.00 1.00 0.84
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-002 Zone 3 130.00 129.00 130.00 1.00 0.58
----------------- --------- --------- ------- ------------- ------
Lakanfla 130.00
22LKRC-003 Zone 3 no significant intersections
----------------- --------- -----------------------------------------
Lakanfla 130.00
22LKRC-004 Zone 3 no significant intersections
----------------- --------- -----------------------------------------
Lakanfla
22LKRC-005 Central 123.00 37.00 38.00 1.00 0.93
----------------- --------- --------- ------- ------------- ------
Lakanfla
22LKRC-006 Central 105.00 24.00 25.00 1.00 1.09
----------------- --------- --------- ------- ------------- ------
22LKRC-006 64.00 65.00 1.00 0.61
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-007 Central 120.00 18.00 19.00 1.00 0.57
----------------- --------- --------- ------- ------------- ------
22LKRC-007 28.00 29.00 1.00 0.67
--------- --------- ------- ------------- ------
22LKRC-007 76.00 77.00 1.00 0.54
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-008 Central 150.00 20.00 24.00 4.00 0.52
----------------- --------- --------- ------- ------------- ------
22LKRC-008 83.00 84.00 1.00 0.68
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-009 Central 250.00 14.00 16.00 2.00 0.53
----------------- --------- --------- ------- ------------- ------
22LKRC-009 200.00 201.00 1.00 5.06
--------- --------- ------- ------------- ------
22LKRC-009 208.00 228.00 20.00 0.90
--------- ------- ------------- ------
22LKRC-009 233.00 248.00 15.00 0.72
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-010 Central 150.00 3.00 4.00 1.00 0.59
----------------- --------- --------- ------- ------------- ------
22LKRC-010 12.00 19.00 7.00 2.78
--------- --------- ------- ------------- ------
22LKRC-010 45.00 46.00 1.00 1.62
--------- ------- ------------- ------
22LKRC-010 52.00 53.00 1.00 0.65
--------- ------- ------------- ------
22LKRC-010 66.00 71.00 5.00 0.74
--------- ------- ------------- ------
Including: 69 .00 71 .00 2 .00 1.27
--------- ------- ------------- ------
22LKRC-010 75.00 76.00 1.00 1.07
--------- ------- ------------- ------
22LKRC-010 80.00 85.00 5.00 1.03
--------- ------- ------------- ------
22LKRC-010 133.00 134.00 1.00 0.58
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-011 Central 150.00 17.00 26.00 9.00 0.79
----------------- --------- --------- ------- ------------- ------
22LKRC-011 33.00 34.00 1.00 0.59
--------- --------- ------- ------------- ------
22LKRC-011 39.00 41.00 2.00 0.60
--------- ------- ------------- ------
22LKRC-011 48.00 49.00 1.00 0.84
--------- ------- ------------- ------
22LKRC-011 73.00 74.00 1.00 1.20
--------- ------- ------------- ------
22LKRC-011 77.00 78.00 1.00 0.66
--------- ------- ------------- ------
22LKRC-011 90.00 91.00 1.00 6.65
--------- ------- ------------- ------
22LKRC-011 111.00 117.00 6.00 0.90
--------- ------- ------------- ------
114
Including: 112 .00 .00 2 .00 1.64
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-012 Central 150.00 45.00 46.00 1.00 4.59
----------------- --------- --------- ------- ------------- ------
22LKRC-012 61.00 63.00 2.00 0.73
--------- --------- ------- ------------- ------
22LKRC-012 67.00 76.00 9.00 2.30
--------- ------- ------------- ------
75
Including: 73 .00 .00 2 .00 8.53
--------- ------- ------------- ------
22LKRC-012 80.00 81.00 1.00 0.80
--------- ------- ------------- ------
22LKRC-012 101.00 102.00 1.00 0.69
--------- ------- ------------- ------
22LKRC-012 128.00 129.00 1.00 1.44
--------- --------- ------- ------------- ------
Lakanfla 150.00
22LKRC-013 Central no significant intersections
----------------- --------- -----------------------------------------
Lakanfla 150.00
22LKRC-014 Central no significant intersections
----------------- --------- -----------------------------------------
Lakanfla
22LKRC-015 Central 150.00 28.00 32.00 4.00 1.03
----------------- --------- --------- ------- ------------- ------
22LKRC-015 87.00 88.00 1.00 0.81
--------- --------- ------- ------------- ------
22LKRC-015 91.00 92.00 1.00 0.61
--------- ------- ------------- ------
22LKRC-015 101.00 103.00 2.00 0.67
--------- ------- ------------- ------
22LKRC-015 106.00 107.00 1.00 0.60
--------- ------- ------------- ------
22LKRC-015 112.00 113.00 1.00 0.52
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-016 Central 150.00 91.00 93.00 2.00 0.61
----------------- --------- --------- ------- ------------- ------
22LKRC-016 137.00 149.00 12.00 2.21
--------- --------- ------- ------------- ------
Lakanfla 150.00
22LKRC-017 Central no significant intersections
----------------- --------- -----------------------------------------
Lakanfla 150.00
22LKRC-018 Central no significant intersections
----------------- --------- -----------------------------------------
Lakanfla
22LKRC-019 Zone 4 75.00 12.00 13.00 1.00 0.85
----------------- --------- --------- ------- ------------- ------
Lakanfla
22LKRC-020 Zone 4 100.00 17.00 18.00 1.00 0.60
----------------- --------- --------- ------- ------------- ------
22LKRC-020 47.00 49.00 2.00 1.65
--------- --------- ------- ------------- ------
22LKRC-020 56.00 57.00 1.00 0.53
--------- ------- ------------- ------
22LKRC-020 88.00 100.00 12.00 0.82
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-021 Central 200.00 13.00 23.00 10.00 1.22
----------------- --------- --------- ------- ------------- ------
22LKRC-021 32.00 38.00 6.00 4.37
--------- --------- ------- ------------- ------
Including: 33.00 35.00 2.00 9.18
--------- ------- ------------- ------
22LKRC-021 43.00 44.00 1.00 2.94
--------- ------- ------------- ------
22LKRC-021 50.00 61.00 11.00 0.85
--------- ------- ------------- ------
22LKRC-021 81.00 83.00 2.00 0.72
--------- ------- ------------- ------
22LKRC-021 96.00 101.00 5.00 2.39
--------- ------- ------------- ------
22LKRC-021 159.00 160.00 1.00 0.68
--------- ------- ------------- ------
22LKRC-021 183.00 184.00 1.00 0.91
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-022 Central 200.00 7.00 8.00 1.00 1.00
----------------- --------- --------- ------- ------------- ------
22LKRC-022 10.00 11.00 1.00 0.73
--------- --------- ------- ------------- ------
22LKRC-022 41.00 107.00 66.00 0.90
--------- ------- ------------- ------
22LKRC-022 122.00 123.00 1.00 2.51
--------- ------- ------------- ------
22LKRC-022 150.00 151.00 1.00 0.61
--------- ------- ------------- ------
22LKRC-022 177.00 179.00 2.00 0.58
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-023 Central 200.00 10.00 11.00 1.00 0.54
----------------- --------- --------- ------- ------------- ------
22LKRC-023 23.00 24.00 1.00 0.54
--------- --------- ------- ------------- ------
22LKRC-023 30.00 31.00 1.00 0.70
--------- ------- ------------- ------
22LKRC-023 35.00 40.00 5.00 0.52
--------- ------- ------------- ------
22LKRC-023 44.00 45.00 1.00 0.62
--------- ------- ------------- ------
22LKRC-023 46.00 47.00 1.00 0.51
--------- ------- ------------- ------
22LKRC-023 50.00 51.00 1.00 0.68
--------- --------- ------- ------------- ------
Lakanfla
22LKRC-024 Central 200.00 138.00 139.00 1.00 0.73
----------------- --------- --------- ------- ------------- ------
Lakanfla
22LKRC-025 Central 220.00 8.00 25.00 17.00 0.61
----------------- --------- --------- ------- ------------- ------
22LKRC-025 30.00 32.00 2.00 0.65
--------- --------- ------- ------------- ------
22LKRC-025 53.00 54.00 1.00 0.58
--------- ------- ------------- ------
22LKRC-025 65.00 66.00 1.00 0.54
--------- ------- ------------- ------
22LKRC-025 85.00 111.00 26.00 1.32
--------- ------- ------------- ------
22LKRC-025 115.00 137.00 22.00 0.75
--------- ------- ------------- ------
22LKRC-025 215.00 216.00 1.00 0.52
--------- --------- ------- ------------- ------
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 width 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/5446/altus_nr_-_lakanfla_17_march_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 the Lakanfla licence is shown in Figure 3.
-- Cross section of the Lakanfla Central prospect is shown in Figure 4.
-- Selection of photos from Diba & Lakanfla is shown in Figure 5.
Figure 1: Location of the Diba & Lakanfla gold project in
western Mali
Figure 2: Location of the key prospects at the Diba &
Lakanfla gold project
Figure 3: Plan of the Lakanfla licence
Figure 4: Cross section of the Lakanfla Central prospect
Figure 5: Selection of photos from Diba & Lakanfla
Diba Deposit Mineral Resource Estimate
The Diba licence forms part of Diba & Lakanfla and 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 ("t"). 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 and Lakanfla licences .
Diba & Lakanfla: Location
The 81km(2) Diba licence (Korali Sud) and the 24km(2) Lakanfla
licence 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 Diba & Lakanfla.
Diba & Lakanfla: Geology & Mineralisation
Diba Licence
Mineralisation at the Diba Deposit on the Diba licence 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 the Diba Deposit is
typically albite-hematite+/-pyrite, although pyrite content is
generally very low (<1%). The weathering profile at the Diba
Deposit 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
The Lakanfla licence hosts a significant number of active and
historic artisanal gold workings coincident with significant
geochemical and gravity anomalies. The workings surround the
Kantela granodiorite intrusion and cover an area of approximately
900m x 500m. The gold mineralisation at Lakanfla is typically
hosted within breccia zones which cut the granodiorite and
surrounding carbonate metasediments. Drilling by the Company has
intersected 1.23 g/t Au over 127m (not true widths) at the Lakanfla
Central prospect, while historic intersections by previous
operators include 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 licence.
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 Company
or estimates of future performance, may 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
"AC" means air core drilling
"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
"RAB" means rotary air blast drilling
"RC" means reverse circulation drilling
"t" means a metric tonne
**END**
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DRLEANDKFFFAEFA
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March 17, 2022 03:00 ET (07:00 GMT)
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