Accesswire
DIDCOT, UK / ACCESSWIRE
Altus Strategies Plc (AIM: ALS & TSX-V: ALTS), the Africa focused project and royalty generator, provides an update on it its 100% owned Agdz copper project (“Agdz” or the “Project”) located in the Eastern Anti-Atlas of the Kingdom of Morocco.
Highlights:
- Recent rock chip sampling results include 2.22 % Cu, 52 g/t Ag and 2.96 g/t Au
- 50 line kilometre Induced Polarisation geophysical survey (“IP survey”) now planned
- IP survey to cover four key prospects:
- 2.0km Amzwaro prospect with grades including 4.82 % Cu, 189 g/t Ag and 1.91 g/t Au
- 2.8km Makarn prospect with grades including 8.00 % Cu, 448 g/t Ag and 0.73 g/t Au
- 0.15km Minière Prospect with grades including 13.05 % Cu, 12 g/t Ag and 0.49 g/t Au
- 0.7km Daoud prospect with grades including 2.71 % Cu, 152 g/t Ag and 2.96 g/t Au
- Discovery of further copper mineralisation within rhyolite dome target
Steven Poulton, Chief Executive of Altus, commented:
“We are pleased to report on further encouraging copper and silver results from exploration at our Agdz project in the Eastern Anti-Atlas of Morocco. Our mapping and sampling programmes are confirming the presence of multiple mineralised and altered structures which are potentially analogous to those reported at the adjacent Bou Skour copper-silver mine located 14km northeast of Agdz which is operated by Managem.
“The next phase of work at Agdz is planned to include a 50 line kilometre IP survey, across the priority prospects we have defined to date and including the recently mapped rhyolite dome target. This survey will be designed to delineate priority trench and drill targets. We look forward to updating shareholders on our progress at Agdz in due course.”
Technical presentations on Agdz and the Company’s wider portfolio of projects in Morocco have been prepared and can be downloaded from the following links: http://altus-strategies.com/site/assets/files/4553/aterian_altus_agdz_project_review_q2_2019.pdf and http://altus-strategies.com/site/assets/files/4553/aterian_presentation_-_q2_2019.pdf
The following figures have been prepared and 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: http://altus-strategies.com/site/assets/files/4553/altus_nr_-_agdz_update-_09_may_2019.pdf
- The location of the Company’s exploration projects in Morocco is shown in Figure 1.
- The Agdz project and key prospects are shown in Figure 2.
- Proposed IP survey lines across the priority targets are shown in Figure 3.
- A schematic cross section showing the geological model at Agdz is shown in Figure 4.
- A selection of photos from Agdz is shown in Figure 5.
IP Geophysical Survey
The planned IP survey will cover 50 line kilometres across the northern portion of the Agdz licence. The programme is designed to delineate potential sulphide copper and silver mineralisation. The targets are interpreted to be located within meters of the weathered surface and in intensely altered, brecciated and fractured zones. Mapping, trenching and ground magnetic surveys completed by the Company indicate that these zones form repeating sub-parallel packages which are individually up to 33m in width and strike in a broadly northeast orientation. Data generated by the IP survey will be applied to guide follow up trenching and drilling programmes.
Amwaro Prospect
Summary: Multiple NNE and NNW trending structures within a zone up to 2km in length and 200m wide, bound by extensional structures
Historical results: Rock chip grades include 4.82 % Cu, 189 g/t Ag and 1.91 g/t Au
Planned IP line kilometres: 11.5km
Makarn Prospect
Summary: A swarm of mineralised dykes, shears and veins which strike NNE over a distance of 2.8km
Historical results: Rock chip grades include 8.00 % Cu and 448 g/t Ag
Planned IP line kilometres: 30.5km
Minière Prospect
Summary: A 150m long and 90m wide area of historical underground artisanal mining, exploiting multiple sub-parallel copper bearing zones of alteration.
Historical results: Rock chip and spoil sample grades include 13.05 % Cu, 12.90 g/t Ag and 0.49 g/t Au
Planned IP line kilometres: 3.5km
Daoud Prospect
