Altus Strategies Plc said that its subsidiary, Aeos Gold, has been granted the Prikro gold exploration licence, covering an area of 369.50 km in the Prikro and Koun-Fao departments in eastern Cote d'Ivoire, West Africa.

The Licence targets 10km long fold hinge with axial planar faults in meta-sedimentary host. The firm said initial reconnaissance mapping and sampling will commence shortly.

Steven Poulton, Chief Executive of Altus, said: 'We are delighted to have been awarded the Prikro gold exploration licence in eastern Cote d'Ivoire, which reportedly contains a number of gold occurrences. Strategically, as a project generator business, this marks our sixth country of operation in Africa and the Prikro licence is our tenth gold project within our current portfolio of 16 distinct exploration projects.'

'Cote d'Ivoire is proven to be prospective for the discovery and development of world class gold mines and has excellent infrastructure. Several major gold projects are in production or coming on stream in the near future, including Tongon (Randgold Resources), Yaoure (Perseus Mining) and Bonikro (Newcrest Mining). However, while Cote d'Ivoire reportedly contains over 35% of the Birimian greenstone belts of West Africa, the country remains relatively underexplored.'

'Our field teams are now making preparations to commence the first phase reconnaissance programme of mapping and sampling, and we look forward to updating shareholders in due course.'


At 9:08am: (LON:ALS) Altus Strategies Plc Ord 1p share price was +0.01p at 7.88p