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Altus Strategies intersects gold at Lakanfla Central Prospect

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Global Mining Review,

Altus Strategies Plc has announced the intersection of a significant gold (Au) zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence. Lakanfla forms part of the company's 100% owned, 105 km2 Diba & Lakanfla gold project in western Mali. Lakanfla is located approximately 5 km east of the company's Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit (the Diba deposit).


  • 3500 m RC programme underway at the 100% owned Lakanfla licence in western Mali.
  • Drilling at Lakanfla Central prospect has intersected a significant gold zone, including:
    • 1.23 g/t Au over 127 m from 21 m, including 2.53 g/t Au over 14 m from 46 m (not true widths).
  • Assays have been received from first two holes of planned 22 hole programme.
  • Lakanfla drilling programme is designed to:
    • Test the strike and down-dip potential of the Lakanfla Central prospect.
    • Confirm historical drilling results from other key prospects, including (not true widths):
      • 5.1 g/t Au over 26 m from 32 m.
      • 4.31 g/t Au over 18 m from 34 m.
      • 1.02 g/t Au over 60 m from 105 m.
    • Potentially generate a maiden mineral resource estimate (MRE) at Lakanfla.
  • Strategically located in a world-famous gold belt that hosts numerous opencast mines.

Steven Poulton, Chief Executive of Altus, commented: “We are delighted to report on the outstanding intersection of 1.23 g/t Au over 127 m from 21 m, including 2.53 g/t Au over 14 m from 46 m (not true widths) from RC drilling at the Central Prospect at Lakanfla in Western Mali. The current 3500 m drilling programme at Lakanfla forms part of a wider 10 000 m programme across the combined Diba & Lakanfla gold project.

“Lakanfla Central is one of at least four key prospects at Lakanfla, with gold mineralisation hosted in a number of sub-vertical breccia zones within a significant porphyritic granite, which has a current strike length of approximately 350 m. Lakanfla also hosts a number of widespread zones of intense hard rock artisanal workings. Historical results from drilling at the Lakanfla licence include 5.1 g/t Au over 2 6m, 4.31 g/t over 18 m and 1.02 g/t Au over 60 m (not true widths).

“Lakanfla is located approximately 5 km east of the Diba licence, which hosts the Diba Deposit and the Diba NW prospects. Once completed, the results from the combined drilling programme at Diba & Lakanfla will feed into an updated independent MRE and preliminary economic assessment for the project. We look forward to updating shareholders as further results are received.”

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