Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development Alecto Minerals plc (‘Alecto’ or ‘the Company’) Positive Exploration Results from Wad Amour IOCG Licence Alecto Minerals plc, an AIM listed multi-commodity exploration and development company with projects in Ethiopia and Mauritania, is pleased to provide the full results of its exploration campaign targeting Iron Oxide Copper Gold (‘IOCG’) mineralisation at its 613 sq km Wad Amour exploration licence located in the highly prospective Mauritanide mobile belt within Mauritania. Highlights • Geophysical and geochemical sampling and trenching has been completed during the Q4 2012 work programme • Integration of various data sets indicate significant mineralisation at the Chiron target, with a mineralisation style similar to that of First Quantum’s major Guelb Moghrein Deposit • Trenching highlights include: MTR001 – 93.6m @ 0.11% copper including 1m @ 0.7g/t gold, MTR004 54m @ 0.15% copper and MTR007 5m @ 0.33% copper, from the Chiron target • Corresponding with anomalous trench values and soil anomaly is high conductivity from electromagnetic data • Three further targets identified for further exploration work: Tamourt, Morfuk and Maghta Lahjar – soil sampling and mapping recommended Alecto Managing Director Damian Conboy said, “This has been a highly productive campaign which has confirmed the prospectivity of the Chiron target, our most advanced within the Wad Amour Licence Area. As work advances, comparisons continue to be drawn between the Chiron target and First Quantum’s Guelb Moghrein style of IOCG mineralisation, which is located 315km to the north-west and produces 17,000 tonnes of concentrate per month. The large low grade intersections are very encouraging and indicate possible large tonnages and from the weathering profile in the region we expect grades to improve significantly with depth. With these recent results in hand, we currently plan to undertake an induced polarisation and drilling campaign as part of its next stage of the Chiron target’s development. “The generation of new targets is also highly positive, which has resulted in the Gadel target moving further down our list of priorities. Follow up work is already being planned to prioritise and bolster our understanding of the mineralisation present within these areas and we look forward to confirming the next stage of exploration at the Wad Amour project.” Further Information
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Alecto Minerals plc (‘Alecto’ or ‘the Company’) Positive Exploration Results ... · Alecto Minerals plc is an AIM listed exploration company focussed on Africa with a diverse
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