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Altus Strategies announce results from new projects

Published by
Global Mining Review,


Altus Strategies Plc has announced 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 km2, are located in the western Anti-Atlas of the Kingdom of Morocco and are held by the company's 100% owned subsidiary Aterian Resources Ltd.

Highlights

  • High-grade copper and silver outcrop and float samples from three new projects in Morocco.
  • Results from initial prospecting include:
    • Izougza project: Up to 8.37% copper (Cu) in breccia.
    • Azrar project: Up to 3.41% Cu and 56 g/t silver (Ag) in breccia.
    • 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 km2.

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 8.5% 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 km2 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 km2)

  • Hosts several mapped historical copper occurrences.
  • Sedimentary copper potential in Adoudounian sediments on the flank of an inlier.
  • 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.
  • 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 km2)

  • Prospective for vein hosted copper and silver mineralization.
  • Targets a strike-slip structure separating Proterozoic granites and volcanics.
  • Results include up to 8.57% Cu from a highly weathered, ferruginous breccia.
  • 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. (mineralisation hosted at Zgounder is not necessarily indicative of mineralisation at Izougza).

Tata Copper Project (143 km2)

  • Hosts a mapped historical copper-gold and gold occurrence.
  • Sedimentary copper potential in Adoudounian sediments on the flank of an inlier.
  • Results include 0.24% Cu from a 1 m wide silty dolomite unit.
  • Located 50 km southeast of the Tizert copper mine (mineralisation hosted at Tizert is not necessarily indicative of mineralisation at Tata).

Read the article online at: https://www.globalminingreview.com/exploration-development/01072021/altus-strategies-announce-results-from-new-projects/

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This article has been tagged under the following:

African mining news Copper mining news Silver mining news