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Altus Strategies defines gold exploration targets in Egypt

Published by
Global Mining Review,


Altus Strategies Plc has announced the identification of numerous high priority gold targets from remote sensing across all four of its projects covering 1565 km2 in the Eastern Desert of Egypt. The projects were recently awarded to the company's 100% owned subsidiary Akh Gold Ltd as part of a competitive international bid round undertaken by the Egyptian Mineral Resource Authority (EMRA).

Highlights

  • Systematic remote sensing undertaken across four projects totalling 1565 km2 in Egypt.
  • Major historical gold mining camps identified, including the Bakriyah mining district.
  • More than 100 potential hard rock gold workings identified from satellite imagery.
  • Several very extensive hard rock workings traced up to 375 m in length.
  • Field team being assembled to commence systematic exploration in 2Q21.

Steven Poulton, Chief Executive of Altus, commented: "We are delighted to report the identification of numerous high priority gold exploration targets across all four of our recently granted projects, which total 1565 km2 in the prospective Eastern Desert of Egypt.

"The remote sensing programme was undertaken by the Altus team and has defined over 100 interpreted historical hard rock gold workings, including at least two major historical mining camps. One of these camps is at Bakriyah, where historical reports indicate that mining activities extended discontinuously across a significant area. Some of the interpreted hard rock gold workings are clearly visible in the satellite imagery, as arrays of pits and trenches, which can be up to 375 m long.

''We are currently establishing our technical team in Egypt and plan to commence fieldwork shortly to follow up on these priority targets. I look forward to updating shareholders on these programmes in due course."

Summary of priority targets

Wadi Jundi Gold Project (696 km2)

  • Hosts an historical gold mine, mapped by EMRA.
  • 28 potential hard rock gold workings and seven mapped gold occurrences.
  • Located within a 10 km long mapped ophiolite belt.

Bakriyah Gold Project (348 km2)

  • Located in the historical 'Bakriyah' gold mining district.
  • 49 potential hard rock gold workings and eight mapped gold occurrences.
  • Located within and proximal to numerous mapped granitic intrusions.

Abu Diwan Gold Project (346 km2)

  • 24 potential hard rock gold working and three mapped gold occurrences.
  • Potential vein workings up to 375 m in strike length.
  • Locate in a mapped ophiolite belt.

Wadi Dubur Gold Project (175 km2)

  • 39 potential hard rock gold working and one mapped gold occurrence.
  • Potential vein workings up to 240 m length.
  • Located in mapped ophiolite belt with granitic intrusions and strike-slip structures.

Read the article online at: https://www.globalminingreview.com/exploration-development/10032021/altus-strategies-defines-gold-exploration-targets-in-egypt/

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