Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces final results from a 6,300m reverse circulation (“RC”) drilling programme at the Tabakorole gold project (“Tabakorole” or the “Project”) located in southern Mali. The results include the discovery of a potential new parallel zone of mineralisation, as well as an extension of the current strike length of the Project. Altus holds a 49% equity interest and 2.5% Net Smelter Return (“NSR”) royalty on the Project. Exploration activities at Tabakorole are being funded by Marvel Gold Limited (ASX: MVL) (“Marvel Gold”) under its joint venture (“JV”) with Altus.

Highlights:

• RC drilling discovers potential parallel zone at Tabakorole gold project in southern Mali
• Intersections from 20 RC holes (2,760m) including (down-the-hole and not true width):
  • 2.0 g/t over 16m from 75m (potential new parallel zone, 50m east of the deposit)
  • 5.8 g/t over 6m from 61m (anticipated to improve the modelled grade of the deposit)
  • 2.0 g/t over 15m from 25m (extending the deposit strike length to the northwest)
  • 1.5 g/t over 28m from 121m
• Project hosts a mineral deposit for which a Mineral Resource Estimate (” MRE “) has been generated (see Altus’ news release dated 30 September 2020 and titled “Substantial Increase in Gold Resource at Tabakorole Project, Southern Mali”), comprising:
  • 16,600,000 tonnes at 1.2 g/t Au for 620,000 ounces in the Inferred category
  • 7,300,000 tonnes at 1.2 g/t Au for 290,000 ounces in the Indicated category
• Results from an additional five diamond drill holes to infill the MRE are expected in April
• 6,000m aircore (“AC”) drilling programme underway to test potential strike extension
• Altus holds a 2.5% NSR royalty on Tabakorole gold production

Steven Poulton, Chief Executive of Altus, commented:

“These drilling results from the Tabakorole gold project in southern Mali are excellent. An intersection of 2.0 g/t over 16m from 75m located approximately 50m east of the current deposit is significant as it represents the discovery of a potential new and parallel gold zone. Other results from this programme have successfully increased the strike length of the known deposit. Tabakorole currently hosts a significant gold resource, which remains open along strike in both directions as well as at depth.

“Our JV partner, ASX-listed Marvel Gold, is currently undertaking a five hole diamond drilling programme and a 6,000m AC programme, in the southeast of the deposit, to infill the current MRE and test potential strike extensions respectively. We look forward to updating shareholders with the results from these programmes when they are received.”

In the TV clip, CEO Steve Poulton provides an overview Altus and its unique strategy