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Projects & Royalties

Wadi Dubur

Project: Wadi Dubur
Commodity: Gold
Subsidiary: Akh Gold Ltd.
Location: Egypt
Deposit Style: Orogenic gold
Key Attributes: 5km from historic Atud mine and 40km from Sukari
Asset Stage: Target definition and prospectivity mapping
Results: Coming soon
Next Phase of Work: Reconnaissance mapping and sampling
Deal Partner: Available
Deal Terms: -

Project Overview

The Wadi Dubur project consists of one licence block (granted as part of the 2020 International bid round), covering a total area of 175 km2 in the highly prospective Eastern Desert of Egypt. The project area is located 5 km west of the historic Atud gold mine and approximately 40 km north-west of the Sukari gold mine (operated by LSE listed Centamin Plc) which produces approximately 400,000 oz of gold per annum. It is directly accessible by asphalt road from the coastal town of Marsa Alam, 60 km to the west. Altus holds a 100% interest in the project and is exploring primarily for gold, specifically targeting orogenic gold mineralisation hosted in a north-west trending ophiolite belt.

The Eastern Desert of Egypt forms part of the north-western limb of the Neoproterozoic Arabian-Nubian shield, a rapidly emerging world-class province for orogenic gold deposits, with discoveries of >45 Moz Au and Au equivalent in the last two decades. Historic mining in the Eastern Desert dates back to Pharaonic times. Large areas of the Eastern Desert remain relatively underexplored and provide highly prospective greenfields targets.

Exploration Programme

Altus selected Abu Diwan based upon an extensive process of desk-based prospectivity mapping. This work comprised a review of available datasets, including historical mineral occurrences, geological maps and satellite-borne remote sensing data. The licence contains a north-west trending fault belt curves to an east-west orientation. North-west and west trending structures are dominant, with curvilinear thrust faulting coinciding with major strike-slip flexure across licence area. The most common lithologies comprise an ophiolite melange, minor schists, syn- to late- tectonic gabbro and diorite intrusives, and a large volume of late- to post- tectonic granodiorite and granite intrusions. A first phase reconnaissance exploration programme is due to start shortly and will include an assessment of the priority targets identified during the prospectivity mapping exercise.


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