Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) said it intersected a significant gold zone at the Lakanfla Central prospect on the Lakanfla licence in western Mali.
The results from one drill hole at Lakanfla Central intersected 1.23 grammes per tonne (g/t) of gold over 127 metres (m) from a depth of 21m, including 2.53 g/t gold over 14m.
Assay results have been received from the first two holes of a planned 22-hole drilling programme. There was no significant result from the second hole drilled at the Zone 3 prospect.
The 3,500m drilling programme at Lakanfla forms part of a wider 10,000m programme across the combined Diba & Lakanfla gold project. Lakanfla is located about 5 kilometres east of the company's Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit.
"We are delighted to report on the outstanding intersection,” said chief executive Steven Poulton.
“Once completed, the results from the combined drilling programme at Diba & Lakanfla will feed into an updated independent MRE [Mineral Resource Estimate] and preliminary economic assessment for the project.”
Lakanfla Central is one of at least four key prospects at Lakanfla. Historical drilling results from the Lakanfla licence include 5.10 g/t of gold over 26m, 4.31 g/t over 18m and 1.02 g/t over 60m.