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Altus Strategies Plc has announced an exploration update for its Laboum gold project in northern Cameroon. The company is currently conducting a 5,000m trenching program and has reported high-grade rock chip samples with a maximum assay of 36.20 g/t Au. The Laboum project encompasses a 17km long shear zone within metavolcanic and metasedimentary formations. Four gold prospects have been identified, with trenching results guiding a planned maiden drilling program scheduled for 2021.
Altus Strategies has initiated a 3,800m drilling programme at its Lakanfla gold project in western Mali, supported by joint venture partner Marvel Gold. This programme targets karst-style deposits similar to those at the nearby Sadiola and Yatela mines, with significant historical drill results showing high-grade gold intersections of up to 5.1 g/t Au over 26m. Marvel is earning a 33% interest in the project. The drilling will explore four gravity-low targets surrounding a granite intrusion, with passive seismic surveys planned to enhance target generation.
Altus Strategies announces a robust Mineral Resource Estimate at its Tabakorole gold project in Mali, showing a significant increase in gold resources. The new estimate reveals:
- 16.6 million tonnes at 1.2 g/t Au for 620,000 ounces (Inferred)
- 7.3 million tonnes at 1.2 g/t Au for 290,000 ounces (Indicated)
This marks a 54% increase in ounces and a 20% increase in grade compared to previous estimates. Resource expansion drilling is set for Q4 2020, while preliminary metallurgical studies will also commence.
Altus Strategies has commenced trading on the OTCQX Best Market in the United States under the ticker symbol ALTUF. This advancement aims to enhance the company's visibility among U.S. investors seeking exposure to the precious metals sector. Altus, known for its royalty and project generation model, is upgrading from the OTC Pink Sheets, emphasizing its commitment to high financial standards and corporate governance. With institutional shareholders and a focus on Africa, Altus continues to expand its precious metals portfolio.