Altus Strategies plc has discovered further hard rock artisanal gold workings from field reconnaissance at its 100% owned Gabal Al-Shalul and Wadi Jundi projects in the Eastern Desert of Egypt.
CONFIRMATION
The two projects comprise 1,044 km2 of Altus’ total landholding of 1,565 km2 in the Eastern Desert.
The 14 hard rock artisanal gold workings are up to 30m wide and 100m long with several mechanically excavated.
The discoveries follow those made during September in the Gabal om Ourada (formerly Abu Diwan) and Wadi Dubur gold projects.
More than 50 hard rock gold workings have now been confirmed to date with at least 35 further remote sensing targets still to be assessed.
PROJECTS
The company’s subsidiary, Akh Gold Ltd holds four gold exploration projects totalling 1,565km2 in Egypt.
At the 348km2 Gabal al-Shaluhl (formerly Bakriyah) licence, three of 15 priority targets (defined by desktop studies) have been visited, said Altus.
The Wadi Jundi licence covering 696km2 has 35 high priority targets of which seven have been visited.
At both projects, the company noted numerous historical artisanal hard rock workings and delineated priority targets for follow-up work with numerous other targets to be assessed.
NEXT PHASE
Altus said it would soon begin systematic target evaluation and ranking at the projects.
Ground work will include reconnaissance mapping, detailed structural, alteration and mineralisation mapping, along with grab and channel sampling.
EXPLORATION
Chief executive Steven Poulton added that the workings along with the presence of mechanised machinery suggested that significant gold potential existed.
“We have recently established a high calibre technical and operational team in Egypt, which means we are in a strong position to aggressively advance exploration.”