Altus Strategies plc said it had discovered multiple high grade gold prospects from reconnaissance sampling across all four of the company’s projects in the Eastern Desert, Egypt. ADDITIONAL LICENCES The company added it had been awarded two further gold exploration licences, totalling 349 km2, taking the aggregate holdings in Egypt to 1,914 km2. Altus’s 100% […]
Tag: Eastern Desert – Egypt
Altus finds further hard rock gold workings in Eastern Desert
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 […]
Altus discovers hard rock artisanal gold workings in Egyptian projects
Altus Strategies plc has discovered numerous hard rock artisanal gold workings at its Gabal om Ourada and Wadi Dubur projects in the Eastern Desert of Egypt. RECONNAISSANCE The company’s 100% owned subsidiary, Akh Gold Ltd holds gold exploration licences covering 1,565 km2. The 37 hard rock artisanal gold workings were discovered from field reconnaissance across two […]
Altus identifies high priority gold targets in Eastern Desert, Egypt
Altus Strategies plc said it had identified numerous high priority gold targets from remote sensing across its four projects covering 1,565 km2 in the Eastern Desert of Egypt. WORKINGS Altus conducted systematic remote sensing across the projects and found major historical gold mining camps, including the Bakriyah mining district. More than 100 potential hard rock […]
Altus granted four gold licences in Eastern Desert, Egypt
Altus Strategies plc said it was planning the first phase of exploration after it received four gold exploration licences across nine licence blocks totalling 1,565 km2 in the Eastern Desert of Egypt. LICENCES All four licences, which are between 30km and 100km of the Red Sea coast, are for an initial two-year term and renewable […]
Altus takes on gold exploration licences in Eastern Desert, Egypt
Altus Strategies plc announced it would be awarded a number of gold exploration licences in the Eastern Desert of Egypt. AGREEMENTS The Egyptian Mineral Resource Authority (EMRA) will make the award to the company’s 100% owned subsidiary, Akh Gold Ltd. Altus said it was working with EMRA over entering into the definitive exploration licence agreements. […]