Altus Strategies discovers multiple high grade gold bearing quartz veins in Cameroon

Reconnaissance grab sampling had revealed a quartz vein system with grades up to 24.5 g/t gold which Steven Poulton, chief executive of Altus, described as "encouraging".

Furthermore, the company pointed to the 'potential existence' of further veins yet to be discovered.

"Prior to this discovery, the primary gold target at Laboum has been the highly sheared and silicified metasedimentary units, which host a number of kilometre scale gold in soil anomalies and hard rock artisanal workings. Grab samples from the sheared host rocks have returned grades up to 6.86 g/t Au," Poulton said.

Furthermore, a high resolution ground magnetic survey had indicated that "a number of the veins potentially continued beneath soil cover and formed part of one or more connected veins extending along a strike length of approximately 2.8 km," he added.

In addition to mapping, the company would now begin a systematic channel and sampling programme across the veins in order to find new veins and to help determine the gold grade distribution within individual veins across each target, the company said.