Altus Strategies (ALS ) has initiated a 135-line km induced polarisation ("IP") and gradient array geophysical survey at its 100% owned Agdz copper and silver project in Morocco.
The mining royalty company’s subsidiary, Aterian Resources, has a 100% interest in the 59.7 km2 Agdz Project which has four contiguous licence blocks in the Souss-Massa-Drâa region of the Anti-Atlas mountains of central Morocco, around 350km south of the capital, Rabat.
Mapping, sampling, trenching and ground magnetic surveys undertaken by Altus to date have defined four priority prospects at Agdz, namely Makarn, Amzwaro, Minière and Daoud.
Altus said a geophysical IP survey, which has been designed to identify and prioritise targets for follow up trenching and drilling, is underway at the Agdz project in central Morocco.
The Agdz project hosts four significant copper-silver prospects covering an area of around 8km2; to date, this includes the 2.80km long Makarn prospect, with results up to 8.00 % Cu and 448 g/t Ag, the 2.00km long Amzwaro prospect, with results up to 4.82 % Cu and 189 g/t Ag, the 0.15km long Minière prospect, with results up to 13.05 % Cu and 12 g/t Ag, as well as the 0.70km long Daoud prospect, with results up to 2.71 % Cu, 152 g/t Ag.
Steven Poulton, CEO of Altus, said the IP geophysical survey is “a notable milestone” for the Company’s 100% owned Agdz copper-silver project in the Eastern Anti-Atlas of Morocco.
Shares in Altus Strategies have increased by nearly 15% over the past three months. The stock was trading 0.69% higher during early morning trading at 72.5p following the news.
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He told investors that the IP geophysical survey will be used to define, as well as prioritise, targets for trenching and drilling within the four key prospects discovered to date.
“These prospects have a combined mapped strike length of 5.6km and have returned numerous encouraging rock chip results, including 8.00 % Cu and 448 g/t Ag,” he said.
Altus said Terratec Geophysical Services of Germany, a global geophysics specialist, is undertaking the survey, which should be completed in September 2021. In parallel to the IP survey, its field team is undertaking further mapping and sampling across the key prospects.
Altus highlighted recent progress and said that recent rock chip sampling at the Makarn prospect had returned “further positive results”, including 2.86 % of Cu and 136 g/t of Ag.
“Agdz is located just 14km southwest of the Bou Skour copper and silver mine, which is operated by Moroccan state mining group Managem. While mineralisation hosted at Bou Skour is not necessarily indicative of that at Agdz, the Project is clearly exceptionally well located in an established and highly prospective mining district,” said Poulton of the area.
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