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Exploration Update at Daro Copper Gold Project, Northern Ethiopia

Exploration Update at Daro Copper Gold Project, Northern Ethiopia

Exploration Update at Daro Copper Gold Project, Northern Ethiopia

DIDCOT, UK / ACCESSWIRE / June 12, 2019 / Altus Strategies Plc (“Altus” or the “Company”)(AIM: ALS & TSX-V: ALTS), the Africa focused project and royalty generator, announces the discovery of a new gold prospect and positive results from a trial gravity survey at the Company’s 100% owned 412km2 Daro Cu-Au-Ag Volcanogenic Massive Sulphide (“VMS”) project (“Daro” or the “Project”), located in the Tigray Regional State of northern Ethiopia.

Highlights:

  • Wedi Keshi gold prospect discovered at the Daro project in northern Ethiopia

  • Rock chip samples include 14.1 g/t Au, 8.5 g/t Au and 7.3 g/t from quartz veins and wall-rock

  • Prospect mapped for 2km along strike and up to 300m in width

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

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

  • Reconnaissance ground gravity survey at Teklil prospect confirms VMS potential

  • Simultaneous exploration programmes underway at Daro and recently granted Zager licence

Steven Poulton, Chief Executive of Altus, commented:

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