Altus Strategies has been granted the Zolowo exploration licence in the Lofa County of north-western Liberia targeting Archaean greenstone-hosted gold deposits.

Highlights:

- 732sq km gold exploration licence in western Liberia targeting Archaean greenstone belts

- Licence contains numerous and extensive artisanal alluvial workings

- On the same geological trend as the New Liberty gold mine operated by Avesoro Resources

- First phase of reconnaissance exploration planned to commence this year

Chief executive Steven Poulton said: 'We are delighted to have been awarded the Zolowo exploration licence in western Liberia.

'The licence targets a significant 33km long Archaean greenstone gold belt, some of the drainages from which host numerous and extensive alluvial workings.

'The Archaean geology of Western Liberia is prospective for the discovery of significant gold deposits, with the New Liberty mine located 190km SW of Zolowo being testimony to this.

'Our field teams are now making preparations to commence the first phase reconnaissance programme of mapping and sampling.

'We look forward to updating shareholders in due course.'


At 8:22am: (LON:ALS) Altus Strategies Plc Ord 1p share price was +0.13p at 8.75p