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Investegate |Altus Strategies PLC Announcements | Altus Strategies PLC: Grant of exploration licences in Eastern Egypt


2 granted in eastern Egypt
·
Licences target potential historic workings as defined by in-house satellite data review
·
Eastern Desert hosts the world class Sukari gold mine operated by Centamin Plc
·
Licences awarded as part of a competitive international bidding process
·
First phase exploration programmes are currently being planned
 
Steven Poulton, Chief Executive of Altus, commented:
We are delighted and honoured to announce that our subsidiary Akh Gold, has been awarded four gold exploration licences, comprising nine licence blocks that total 1,586 km
2, within the highly prospective geology of the Eastern Desert of Egypt. The licences were selected based on our systematic in-house mineral prospectivity mapping programme, which incorporated satellite image interpretation and historic exploration data. All four licence areas host numerous priority targe ....

Red Sea , Djibouti General , Eastern Desert , Al Bar Ala Mar , El Quseir , City Of , United Kingdom , Marsa Alam , Richard Morrison Adam , Richard Parlons , Steven Poulton , Al Kosair , Del Sid , Abu Diwan , Abigail Wayne , National Instrument , Altus Strategies Plc Index , University Of Southampton , Centamin Plc , Institute Of Materials , Venture Exchange Disclaimer , Investment Industry Regulatory Organisation Of Canada , Akh Gold , Altus Strategies Plc , Akh Gold Ltd , Egyptian Mineral Resource Authority ,

Investegate |Altus Strategies PLC Announcements | Altus Strategies PLC: Gold recoveries from testwork at Tabakorole, Mali


·
Bottle roll tests on core samples from Diamond Drilling (
DD
) at the FT Prospect indicate:

A straightforward, clean and non-refractory ore with low reagent consumption

High gold recoveries of 92.7% to 96.6% for grind sizes (P
80) of 150 to 75 microns
·
Project hosts a mineral deposit for which a Mineral Resource Estimate (
MRE
) has been generated (see Altus news release dated 30 September 2020 and titled Substantial Increase in Gold Resource at Tabakorole Project, Southern Mali ), comprising:

16,600,000 tonnes at 1.2 g/t Au for 620,000 ounces in the Inferred category

7,300,000 tonnes at 1.2 g/t Au for 290,000 ounces in the Indicated category
·
43% of the current MRE is situated within 100m of surface ....

Mali General , Steven Poulton , Richard Morrison Adam , Richard Parlons , Abigail Wayne , Altus Strategies Plc Index , Tabakorole Resource Expansion Drill Program , Minerals Council Of Australia , Marvel Gold Limited , International Resource Solutions Pty Ltd Perth , Altus Strategies Plc , Venture Exchange , National Instrument , University Of Southampton , Hummingbird Resources Plc , Venture Exchange Disclaimer , Institute Of Materials , Investment Industry Regulatory Organization Of Canada , Endeavour Mining Corporation , Australian Institute Of Geoscientists , Canadian Institute Of Mining , Gold Recoveries , Tabakorole Project , Strategies Plc , Diamond Drilling , Mineral Resource Estimate ,