Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Altus Strategies Plc
Project name: Tabakorole
Location: Mali
Commodities: Gold
Highlight: Drilling results incl. 14.0m @ 4.9g/t Au from 33.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces highly encouraging Reverse Circulation (“RC”) drilling results from the Lone Wolf prospect at the Tabakorole gold project (“Tabakorole” or the “Project”), located in southern Mali. Altus holds a 2.5% Net Smelter Return (“NSR”) royalty and a 30% equity interest in the Project. Exploration activities at Tabakorole are being funded by Marvel Gold Limited (ASX: MVL) under its Joint Venture (“JV”) with Altus. The drilling was designed to test the potential to extend the Tabakorole deposit on which a Mineral Resource Estimate (“MRE”) has been modelled. Marvel has reported on a further 415m of drilling from five RC holes to test the Lone Wolf prospect at Tabakorole. The programme successfully intersected gold mineralisation in three out of five holes, with the highest-grade intercepts recorded in hole 22TBKRC021, including 14m at 4.9 g/t Au from 33m (as set out in Table 1). The RC programme has shown that the highest-grade intercepts occur within a granitic host rock associated with the contact with a metagreywacke (metamorphosed mudstone). Gold mineralisation is associated with sulphides (pyrite and pyrrhotite) with visual estimates of up to 10% in RC chips.
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