New zinc and copper licences granted

Altus Strategies announced that its 100% owned subsidiary Aterian Resource has been granted new exploration licences, targeting zinc and copper in Morocco.

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Image credit: Altus Strategies

“The award of these strategically located exploration licences in Morocco is an exciting addition to our exploration pipeline. The licence areas were selected on the basis of our remote sensing programmes across terrains considered to be prospective for zinc, copper and other base metals,” explains Steven Poulton, chief executive of Altus. The licenses have been granted for three projects in Morocco — Ammas, Takzim Est and Arfa.

Ammas consists of two exploration licences, which cover an area of 31.75km2 in the Guemassa Massif, 30km south of Marrakesh in northern Morocco. The licences have been granted to Azru Resources SARL.AU, a 100% owned subsidiary of Aterian Resource Ltd and are valid for base and precious metals with an initial three-year term, after which they can be renewed for an additional four years.

Takzim Est consists of three exploration licences, which cover an area of 39.80km2 in eastern Jebilet, 35km north of Marrakesh and 6km east of the Company’s Takzim zinc project in northern Morocco. The licences have been granted to Adrar Resources SARL.AU, a 100% owned subsidiary of Aterian Resource and are valid for base and precious metals with an initial three-year term, after which they can be renewed for an additional four years.

Arfa consists of one exploration licence, which covers an area of 16km2 in northern Morocco. The licence has been granted to Azru Resources SARL.AU, a 100% owned subsidiary of Aterian Resource Ltd and is valid for base and precious metals with an initial three-year term, after which it can be renewed for an additional four years.

“Our field team have immediately commenced exploration at Ammas, which is about 30km south of Marrakech and in an active mining district, which hosts numerous ‘VMS type’ deposits. These include the Hajjar zinc-copper-lead mine, located just 3km northwest of Ammas. Encouragingly our geologists are reporting the discovery of quartz stockworks and gossanous material in outcropping meta-volcanics and meta-siltstones at Ammas. Once this initial reconnaissance phase of exploration is complete, the field team will move on to Takzim Est and Arfa,” Poulton concludes.


 

 

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