TIDMALS
RNS Number : 7476D
Altus Strategies PLC
01 July 2021
Altus Strategies Plc / Index (EPIC): AIM (ALS) TSX-V (ALTS)
OTCQX (ALTUF) / Sector: Mining
01 July 2021
Altus Strategies Plc
("Altus" or the "Company")
High Grade Copper & Silver Results from Three New Projects
in Morocco
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces the discovery of high-grade copper and silver from
reconnaissance exploration at the Company's recently granted Azrar,
Izougza and Tata projects (the "Projects"). The Projects, which
total 252 km(2) , are located in the western Anti-Atlas of the
Kingdom of Morocco ("Morocco") and are held by the Company's 100%
owned subsidiary Aterian Resources Limited.
Highlights:
-- High-grade copper and silver outcrop and float samples from three new projects in Morocco
-- Results from initial prospecting include:
o Izougza project: Up to 8.37 % Cu in breccia
o Azrar project: Up to 3.41 % Cu and 56 g/t Ag in breccia
o Tata project: up to 0.24 % Cu in sediments
-- Several occurrences of historic hard rock artisanal mining have been mapped
-- Potential for stratiform sediment-hosted and contact breccia copper-silver mineralisation
-- Projects located in established current and historic copper and silver mining districts
-- Exploration now underway on the recently granted Jafra, Tiddas and Amsa projects
-- Altus now holds 10 highly prospective projects in Morocco, totalling 675 km(2)
Steven Poulton, Chief Executive of Altus, commented:
"These are excellent results from first pass prospecting of our
recently granted Azrar, Izougza and Tata projects. The Projects are
located in established copper and silver mining districts in the
western Anti-Atlas of Morocco.
"Grades of up to 3.41 % Cu and 56 g/t Ag at Azrar, up to 8.57 %
Cu from Izougza and up to 0.24% Cu at Tata are highly encouraging.
Perhaps more significantly is the confirmation of prospective
geological formations for stratiform sediment-hosted deposits, as
well as contact breccias, along with the presence of multiple
historic artisanal workings. Our field teams have generated
numerous targets for follow up exploration. In the meantime,
reconnaissance exploration is now underway at the Jafra, Tiddas and
Amsa projects, which total 221 km(2) and were also recently granted
to the Company. We look forward to updating shareholders with the
results from these programmes in due course."
Project Summary:
-- Azrar Copper Project (85 km(2) ):
o Hosts several mapped historical copper occurrences
o Sedimentary copper potential in Adoudounian sediments on the
flank of an inlier
o Results include up to 3.41 % Cu and 56 g/t Ag from breccia
outcrop over 50 m strike and 1 % Cu and 16 g/t Ag from a
ferruginous stratiform bed of 1 m width
o Located 45 km east of the Tizert copper mine (mineralisation
hosted at Tizert is not necessarily indicative of mineralisation at
Azrar)
-- Izougza Copper-Silver Project (24 km(2) ):
o Prospective for vein hosted copper and silver
mineralisation
o Targets a strike-slip structure separating Proterozoic
granites and volcanics
o Results include up to 8.57 % Cu from a highly weathered,
ferruginous breccia
o Located along strike of historical mapped copper, silver,
cobalt and gold occurrences and 20 km from the Zgounder silver
mine, operated by Aya Gold and Silver Inc. (TSX: AYA)
(mineralisation hosted at Zgounder is not necessarily indicative of
mineralisation at Izougza)
-- Tata Copper Project (143 km(2) ):
o Hosts a mapped historical copper-gold and gold occurrence
o Sedimentary copper potential in Adoudounian sediments on the
flank of an inlier
o Results include 0.24 % Cu from a 1 m wide silty dolomite
unit
o Located 50 km southeast of the Tizert copper mine
(mineralisation hosted at Tizert is not necessarily indicative of
mineralisation at Tata)
Sampling Methodology and Analysis
A total of 78 rock samples were collected from outcrop and 16
grab samples from float for the programmes described in this
release. Of the samples collected, 13 samples (14 %) were >1 %
Cu, 11 (12 %) were between 0.5 % Cu and 1 % Cu, and 70 samples (74
%) were less than 0.5 % Cu. 30 samples (32 %) were >10 g/t Ag
and 64 samples (68 %) <10 g/t Ag.
All sample preparation and analysis was undertaken by AfriLab,
an independent SGS accredited laboratory in Marrakech, Morocco.
Given the early stage nature of these programmes, no QAQC samples
were included.
Rock samples were crushed with 70 % passing -2 mm. The less than
2 mm fraction was pulverised with 85 % of the sample passing <75
microns. All samples were analysed for a multi-element suite of 21
metals by Inductively Coupled Plasma Atomic Emission Spectroscopy
(ICP-AES). In addition, all samples were analysed for their Au and
Ag content by 50 g Fire Assay method with a gravimetric finish.
Illustrations
The following figures have been prepared by Altus 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:
https://altus-strategies.com/site/assets/files/5316/altus_nr_-_morocco-_01_july_2021.pdf
-- Location of the Projects in Morocco are shown in Figure 1
-- Location of key deposits and Projects within the western Anti-Atlas are shown in Figure 2
-- Priority targets within the Azrar Copper-Silver Project are shown in Figure 3
-- Priority targets within the Izougza Copper Project are shown in Figure 4
-- Priority targets within the Tata Copper Project are shown in Figure 5
-- A selection of photos from the Projects is shown in Figure 6
Figure 1: Location of the Projects in Morocco
Figure 2: Location of the Projects and key deposits in the
western Anti-Atlas
Figure 3: Priority targets within the Azrar Copper-Silver
Project
Figure 4: Priority targets within the Izougza Copper-Silver
Project
Figure 5: Priority targets within the Tata Copper Project
Figure 6: A selection of photo from the Projects
Qualified Person
The technical disclosure in this regulatory announcement has
been approved by Steven Poulton, Chief Executive of Altus. A
graduate of the University of Southampton in Geology (Hons), he
also holds a Master's degree from the Camborne School of Mines
(Exeter University) in Mining Geology. He is a Fellow of the
Institute of Materials, Minerals and Mining and has over 20 years
of experience in mineral exploration and is a Qualified Person
under the AIM rules and NI 43-101.
For further information you are invited to visit the Company's
website www.altus-strategies.com or contact:
Altus Strategies Plc Tel: +44 (0) 1235 511 767
Steven Poulton, Chief Executive E-mail: info@altus-strategies.com
SP Angel (Nominated Adviser)
Richard Morrison / Adam Cowl Tel: +44 (0) 20 3470 0470
SP Angel (Broker)
Grant Barker / Richard Parlons Tel: +44 (0) 20 3470 0471
Shard Capital (Broker)
Isabella Pierre / Damon Heath Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Charles Goodwin / Henry Wilkinson E-mail: altus@yellowjerseypr.com
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a
mining royalty company generating a diversified and precious metal
focused portfolio of assets. The Company's focus on Africa and
differentiated approach, of generating royalties on its own
discoveries as well as through financings and acquisitions with
third parties, has attracted key institutional investor backing.
The Company engages constructively with all stakeholders, working
diligently to minimise its environmental impact and to promote
positive economic and social outcomes in the communities where it
operates. For further information, please visit
www.altus-strategies.com .
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organisation of Canada accepts responsibility for the
adequacy or accuracy of this release.
Market Abuse Regulation Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Glossary of Terms
The following is a glossary of technical terms:
"Ag" means silver
"Au" means gold
"Breccia" means rock consisting of angular fragments of stones
cemented by finer materials
"Cu" means copper
"Ferruginous" means containing iron oxides
"g/t" means grams per tonne
"km" means kilometres
"mm" means millimetres
"Mt" means millions of tonnes
"NI 43-01" means National Instrument 43-101 Standards of
Disclosure of Mineral Projects of the Canadian Securities
Administrators"
"Outcrop" means a rock formation that is visible on the
surface
"Qualified Person" means a person that has the education, skills
and professional credentials to act as a qualified person under NI
43-101
"Stratiform" means parallel to the bedding planes of the
surrounding rock
****
, the news service of the London Stock Exchange. RNS is approved by
the Financial Conduct Authority to act as a Primary Information
Provider in the United Kingdom. Terms and conditions relating to
the use and distribution of this information may apply. For further
information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLWPURUQUPGGBU
(END) Dow Jones Newswires
July 01, 2021 02:00 ET (06:00 GMT)
Altus Strategies (LSE:ALS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altus Strategies (LSE:ALS)
Historical Stock Chart
From Apr 2023 to Apr 2024