Altus Strategies plc announced it had started a combined 17,500m reverse circulation (RC) and air core (AC) drill programme at its 100% owned Diba gold project in western Mali. The drill programme follows the completion of an initial 48km2 ground magnetic survey, which defined a number of additional targets to be tested. The 10,000m RC programme […]
Tag: Altus Strategies plc
Altus granted new copper-tin-zinc licences in Morocco
Altus Strategies plc has been granted three new distinct base metal exploration projects as well as exploration licences adjacent to existing projects totalling 221 km2 in central Morocco. The projects, awarded to the company’s 100% owned subsidiary Aterian Resources Ltd, are considered highly prospective for copper, tin and zinc. Altus has now increased its Morocco portfolio […]
Altus finds potential new zone at Tabakorole gold project
Altus Strategies plc said it had discovered a potential new parallel zone of mineralisation at the Tabakorole gold project in Southern Mali. The final results from a 6,300 metres reverse circulation (RC) drilling programme also show an extension of the current strike length of the project. Exploration at Tabakorole is funded by Marvel Gold Ltd […]
Altus raises £7.7m via placing-subscription
Altus Strategies plc has conditionally raised £7.7 million via an “oversubscribed” placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. The company said the fundraising had attracted existing and new institutional, family offices and private investors with strategic investor La Mancha subscribing for 35.43%. Altus chief executive and […]
Altus notes further positive gold results at Tabakorole
Altus Strategies plc said it had positive results from a further eight holes following reverse circulation (RC) drilling at its joint venture Tabakorole gold project in southern Mali. Intersections include (down-the-hole and not true width): 1.0 g/t over 40m from 86m, including 2.2 g/t over 7m from 86m 1.1 g/t over 33m from 84m, including […]
Altus Strategies adds to metals licences in Morocco
Altus Strategies plc has increased its metals projects in central Morocco to seven after being awarded three new copper and silver exploration licences. The projects – Izougza copper-silver; Azrar copper; and Tata copper – were awarded to the company’s 100% owned subsidiary, Aterian Resources Ltd, following a competitive tender process. The mining royalty company said […]