Altus Strategies said a high resolution magnetic survey at its Laboum gold project in northern Cameroon had defined multiple prospective targets.

The group said a 1,028 line km ground magnetic survey had been completed covering an area of 10km by 5km.

The survey lines were spaced at a distance of 50m and orientated perpendicular to the northeast striking Tchollire-Banyo shear zone, which is the target of Laboum licence.

The survey was undertaken by the company's in-house technical team, using the Company's Overhauser magnetometers.

It said processing of the data had been performed by Terratec Geophysical Services GmbH & Co, which also provided technical oversight of the design and optimisation of the programme.

Chief executive Steven Poulton said: "The high resolution magnetic survey at Laboum has generated encouraging results, defining multiple prospective structures within the approximately 18km long and 5km wide shear zone target area at Laboum.

"A clear correlation is apparent between these structures, silicified lithological units, the regional gold in soil anomalies and the presence of artisanal gold workings.

"In total the defined prospects have a cumulative strike of at least 13.5km, across a number of parallel zones.

"Our geophysical field team will now extend the programme in order to target potential strike extensions as defined by the presence of artisanal gold workings.

"Concurrently our soil sampling teams will also conclude a substantial 218 line km in-fill sampling programme.

"The magnetic data will greatly assist us in prioritising which soil samples go for assay and together these datasets will produce an excellent guide for a systematic trenching programme to define drill targets."

At 8:02am: (LON:ALS) Altus Strategies Plc Ord 1p share price was 0p at 10.38p