Altus discovers new gold prospect at Ethiopian project
Aim- and TSX-V-listed Altus Strategies has discovered a new gold prospect, Wedi Keshi, at its Daro copper/gold/silver volcanogenic massive sulphide (VMS) project, in northern Ethiopia.
Altus CEO Steven Poulton says the Wedi Keshi prospect has been mapped for about 2 km in length and 300 m in width and that it is also coincident with a series of discontinuous hard gold workings in the area.
Follow-up exploration will include channel and trench sampling to define potential drill targets.
Concurrent with the discovery of Wedi Keshi, a reconnaissance ground gravity survey has been completed along an initial 300 m section of the 2.5 km long Teklil VMS prospect at Daro.
“The survey identified a potentially significant gravity anomaly adjacent to key VMS markers, including a gossanous outcrop sample which returned 6.95% copper, units with sulphide stockworks and jasperoid,” Poulton says, adding that ground gravity surveys have proven instrumental in discovering a number of VMS deposits.
These include Bisha, a copper/gold/zinc mine operated by Zijin Mining, located 190 km northwest of Daro.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation