Exploration Update on Tigray-Afar Cu-Au Project, Ethiopia
logo Tigrai Online - Ethiopian Daily News

Exploration Update on Tigray-Afar Cu-Au Project, Ethiopia

Altus Strategies Plc
Tigrai Online, Dec 2, 2017

Exploration Update on Tigray and Afar gold and copper mine in Ethiopia
Altus Strategies Plc announces an exploration update for its Tigray-Afar gold and copper mine projects in northern Ethiopia


Altus Strategies Plc (‘Altus’ or the ‘Company’) announces an exploration update for its 100% owned, 322kmTigray-Afar Cu-Ag-Au project (the ‘Project’) in northern Ethiopia.


  • Recently discovered hard rock artisanal copper workings at the Asagara prospect
  • Semi-continuous copper mineralisation up to 5.58% Cu mapped for 2.0km at Asagara
  • Gold grades from grab samples up to 13.5 g/t Au returned from Agamat prospect
  • Further mapping and sampling planned at Agamat

Steven Poulton, Chief Executive, commented:

“The discovery of hard rock artisanal copper workings at the Asagara prospect is highly encouraging, with sampling returning grades up to 5.58% Cu. Further channel sampling will be undertaken across the outcrop to assess the potential widths of mineralisation in order to direct a trenching programme planned for Q1 2018. The gold potential of the Agamat prospect (located 8km southwest of Asagara) has not yet been systematically explored, despite high grade gold grab samples up to 13.5 g/t Au and the presence of shearing. The next phases of work will include mapping of the mineralised structures to define targets for channel sampling. We look forward to updating shareholders with the progress from these programmes in due course.”

The following figures have been prepared and relate to the disclosures in this announcement and are visible in the version of this announcement on the Company's website (www.altus-strategies.com) or in PDF format by following the link below: http://altus-strategies.com/site/assets/files/4282/exploration_

- The location of the Company’s projects in Northern Ethiopia is shown in Figure 1.
- An overview of the Asagara copper prospect is shown in Figure 2.
- An overview of the Agamat gold prospect is shown in Figure 3.
- Photos from the Asagara copper and Agamat gold prospects are shown in Figure 4.

Asagara Copper Prospect

Mapping and prospecting during the third quarter of 2017 has identified two areas of newly developed artisanal copper workings. Groups of up to 50 miners have been reportedly excavating copper oxide mineralisation. Secondary copper sulphide minerals have also been identified in hand specimen. Rock chip samples collected by the Company from the workings have returned grades up to 5.58% Cu.

Geological mapping at Asagara has identified semi-continuous oxide copper mineralisation over a strike length of 2.0km over widths of up to 20 and a parallel zone of 0.6km strike length which is up to 15m wide. The prospect remains open to the north and to the south. Scout channel sampling by the Company has returned grades including 8m @ 0.56% Cu, starting and ending in mineralisation and 5m @ 0.77% Cu. Channels were limited to areas of outcrop, no trenching was undertaken as part of this programme due to extensive soil cover. The next stage of work by the Company will be to extend the current channel samples through trenching to determine the true width of mineralisation.

Agamat Gold Prospect


Previous work at the Agamat prospect has identified a zone of shearing, from which rock chip samples have included grades of 13.5 g/t Au, 9.5 g/t Au and 7.7 g/t Au have been returned. The Agamat prospect is associated with a significant VTEM anomaly striking north-south for approximately 5km. To the south of the VTEM anomaly are gossanous outcrops within a tectonised zone up to 60m wide. Visible gold and intense carbonate-silica-pyrite (+/- gold) alteration have been observed within this zone. The next stage of work by the Company will be to extend the mapped shear zones, with the aim of undertaking a systematic channel sampling programme.

Source: Altus Strategies Plc

More Articles


Paradigm shift taking place in TPLF and Tigrai

What is your expectation when the TPLF central committee concludes its meeting?

AfDB approves US $97.79 million for financing energy

Egypt stalls dam talks with Ethiopia and Sudan, says Arab news

The ongoing deep renewal of TPLF should be to reinvigorate the Tigrai people

The Ethiopian National Security Council to stabilize the security of the country

There are no superior or inferior languages in Ethiopia

EPRDF dereliction of duty to uphold FDRE constitution and rule of law

EPRDF dereliction of duty to uphold FDRE constitution and rule of law

Arena organized demonstration in Mekelle

Breaking news: Eritrean capital, Asmara rocked by demonstration and gun fire

Martin Luther’s ‘dream’ church? It wasn’t in Europe

If there is no nations and nationalities there is no Ethiopia to govern

PFDJ agents maximize their efforts to speed up destruction of Ethiopia

EPRDF - In the Wake of Lukewarm Party Discipline

Populism versus Professionalism in the Process of Nation Building in Ethiopia

The Myth and Reality of the Six-Percent Factor in Ethiopia

Former President Bush speech yesterday and current Ethiopian politics

Strategic and Tactical Issues of Ethiopia’s Foreign Policy Strengths, Weaknesses, Opportunities

Happy tenth Ethiopian National Flag Day

Ethiopian government is one step behind its enemies

EIB USD 100m private equity fund to benefit Ethiopian companies


Yemane Gebreab the Eritrean Head of Political Affairs and Presidential Adviser detained in U.S.A

Ethiopian Airlines Graduates 262 Aviation Professionals

President Ram Nath Kovind of India pays a state visit to Ethiopia

Egypt bought 23 million dollars worth of illegal heavy weapons from North Korea - Washington Post says

Irreecha festival celebrated peacefully in Beshoftu town in Oromia

Did an Ethiopian spokesperson say the Eritrean PFDJ government is not a threat?

Ethiopia Signs USD 1.3 billion Financing Agreement with the World Bank

We must strive to agree on how we disagree

Opinions published on this site are those of the authors and not necessarily those of Tigrai Online.
©2005-2017 Tigraionline.com All rights reserved.