Altus Strategies reports good copper and gold results at Daro

Africa-focussed exploration project generator Altus Strategies updated the market on its exploration activities at its 100%-owned 411.7 square kilometre Daro copper-gold project in the Tigray province of northern Ethiopia on Tuesday.

The AIM-traded firm reported high copper and gold outcrop assay results, including 11.6% Cu and 4.4 g/t Au at the Teklil prospect.

It explained that the Gossan zone at the Teklil prospect had been mapped discontinuously for 900m.

The company also reported the discovery of the Keren prospect, including assays of 37 g/t Au in float and 10.35 g/t Au in outcrop.

A “significant” gold-bearing quartz vein and stockwork system had been discovered at Keren prospect, with the company also saying that a stream sediment survey had been completed, with results defining multiple new target areas.

“Exploration at Daro is continuing to yield exciting results, with high gold and copper assays returning from a number of surface sampling programmes, including 37 g/t Au and 22.7% Cu,” said Altus chief executive Steven Poulton.

“The presence of gossans, polymetallic mineralisation, significant artisanal gold workings and favourable host geology continues to indicate the potential for a VMS discovery within Daro.

“We are also excited to continue developing the project further, with the discovery of the Keren prospect containing a gold-bearing quartz vein and stockwork system.”

Poulton said the next phase of work would include mapping and selective channel and soil sampling programmes.

“We look forward to updating shareholders on the results of this work in due course.”