Help Desk -
9958816305, 9810335381
Email
Password

Altus Strategies Announces Exploration Update At Daro Copper Gold Project In Northern Ethiopia

Mining News - Published on Tue, 18 Jun 2019

Image Source: SteelGuru
Altus Strategies Plc, the Africa focused project and royalty generator, announced the discovery of a new gold prospect and positive results from a trial gravity survey at the Company’s 100% owned 412 kilometer Daro Cu-Au-Ag Volcanogenic Massive Sulphide project, located in the Tigray Regional State of northern Ethiopia. Mr Steven Poulton, Chief Executive of Altus, said that “We are pleased to report the discovery of the potentially significant Wedi Keshi gold prospect at the Daro VMS project in northern Ethiopia. Gold grades from rock chip sampling of quartz veins and altered wall rock material include 14.1 gram per tonne Au, 8.5 gram per tonne Au and 7.3 gram per tonne Au. Wedi Keshi is hosted within a highly altered quartz-feldspar porphyry intrusion, which was discovered by the Company’s Sentinel remote sensing program. The prospect has been mapped for approximately 2km in length and 300m in width. It is also coincident with a series of discontinuous hard gold workings and likely represents the primary source for the gold in the alluvial artisanal workings in the area. Follow up exploration will include channel and trench sampling, in order to define potential drill targets.”

Highlights:

Wedi Keshi gold prospect discovered at the Daro project in northern Ethiopia
Rock chip samples include 14.1 gram per tonne Au, 8.5 gram per tonne Au and 7.3 gram per tonne from quartz veins and wall-rock

Prospect mapped for 2 kilometer along strike and up to 300 meter in width

Numerous artisanal hard rock and alluvial gold workings mapped along margins of prospect

Five separate gold and VMS prospects defined to date at the Daro project

Reconnaissance ground gravity survey at Teklil prospect confirms VMS potential

Simultaneous exploration program underway at Daro and recently granted Zager licence

Source :

Posted By : Sanju Moirangthem on Tue, 18 Jun 2019
Related News from Mining segment