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Altus Strategies Plc
Summary
| Project: | AGDZ Copper-Silver | |
|---|---|---|
| Deposit: | AGDZ Copper-Silver | |
| Location: | Morocco | |
| Commodities: | Copper-Silver | |
| Date: | 2/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2018: Altus Strategies Plc announces a Supporting Acquisition report for its AGDZ Copper-Silver deposit at the AGDZ Copper-Silver project. Summary of property in support of acquisition from Legend Gold Corp.. Altus Strategies Plc. (“Altus” or “the Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin F. Pittuck (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Altus Strategies Plc. (“Altus” or “the Company”) owns 100% of the Agdz Project in Morocco (the “Project”) comprising four contiguous licences covering a total of 59.7 km2 which were granted in May 2014 for three years. Exploration work is at an early stage. A request to renew the licences for a further four years from May 2017 has been submitted in accordance with the mining law; this is expected to be granted in due course. The project is located in the Saghro Massif, a volcano-sedimentary sequence, including turbidites and tholeiitic pillow basalts deposited in a back-arc basin environment, these were subjected to deformation during the two Pan-African orogenic events between 750 and 550 Ma. The Saghro Massif hosts a number of operating mines, notably the Bouskour Cu-Ag mine, operated by Managem which is 14 km to the NE of the Agdz Project. The mineralisation at the Bouskour project is typical of the epithermal-type deposit model where multiple, sub- parallel mineralised structures exist in relatively close proximity. Five prospects have been defined at the Agdz Project based on geological mapping and rock chip sampling (the best of which returned grades of up to 8% Cu, 448 g/t Ag, and 3.74 g/t Au). A total of 300 m of trenching has been completed in 13 trenches across two of the five prospects. Results include 14.12 m at 0.65% Cu and 36.54 g/t Ag; and 13.7 m at 0.36% Cu and 13.26 g/t Ag. In addition, selected rock chip samples from hydrothermal manganese workings have returned rock chip grades over 10% Mn. | |
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