Altus discovers hard rock in northern Ethiopia

2019-08-19T12:59:37+00:00 August 19th, 2019|News|

Altus Strategies has announced the discovery of multiple hard rock gold workings at its 100% owned, 285km2 Zager exploration licence, which is targeting Volcanogenic Massive Sulphide (VMS) gold deposits in the Tigray National Regional State of northern Ethiopia.

Altus Strategies has announced the discovery of multiple hard rock gold workings at its 100% owned, 285km2 Zager exploration licence in Ethiopia. Image credit: Altus

Altus Strategies has announced the discovery of multiple hard rock gold workings at its 100% owned, 285km2 Zager exploration licence in Ethiopia. Image credit: Altus

According to Steve Poulton, CEO of Altus, some of these workings coincides with a historic airborne geophysical target. “The historic geophysical data has defined a number of additional targets within a 27km long ophiolite belt which transects the licence, and we are now in the process of following up on these, adds Poulton. Zager is located in the heart of a highly prospective region for the discovery of gold-rich VMS deposits.