Reconnaissance pitting and mapping at AIM listed Altus Strategies’ Bikoula and Ndiele iron ore project in southern Cameroon has confirmed additional supergene haematite. Historic drilling results include 57.8m at 51.4% Fe (iron) and previous metallurgical testing by SGS has yielded a 62.7% Fe concentrate from gravity separation.
The programme of reconnaissance geological mapping and pitting has been completed over two previously untested magnetic anomalies at Bikoula. Surface mapping has identified oxidised supergene magnetite banded iron formation (BIF) as well as haematite colluvium. Five hand dug pits, each up to 5m in depth, have been excavated and logged. Mapping of the pit walls has revealed a number of oxidised and highly weathered BIF clasts, within an iron rich matrix.
Altus Strategies PLC (LON:ALS) is a project generator focused on Africa. Their aim is to deliver superior shareholder returns by cost-efficiently discovering multiple projects simultaneously, prior to entering joint ventures with third parties who fund the next phases of exploration and development.