JOHANNESBURG (miningweekly.com) – Africa-focused exploration project generator Altus Strategies has been granted an exploration licence over the 732 km2 Zolowo project, in the Lofa county of north-western Liberia.
The licence targets Archaean greenstone-hosted gold deposits and contains numerous and extensive artisanal alluvial workings.
"We are delighted to have been awarded the Zolowo exploration licence in western Liberia. The licence targets a significant 33-km-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 190 km south-west of Zolowo being testimony to this,” CEO Steven Poulton commented.
“Our field teams are now making preparations to commence the first phase reconnaissance programme of mapping and sampling,” he added.
The three-year Zolowo licence would allow the Aim-listed company to explore for gold, diamonds, base metals and silver and can be renewed for a further two years twice, with a 50% reduction in the licence size required with each renewal.