Aterian announces the discovery of high-grade copper and silver in Morocco

Exploration and development company Aterian has announced a recent discovery of high-grade copper and silver deposits at its recently acquired project in Morocco called “Azrar”.

Covering an area of ​​78.4 km, the Azrar project, located in the Anti-Atlas Mountains, has enabled the British company to obtain encouraging results which include 3.79% Cu and 23 g/ t Ag thus proving, through its outcrop sampling, the existence of high quality copper and silver mineralization identified in five target areas. The works carried out to date cover less than 50% of the project area. In addition, multiple occurrences of historical artisanal hard rock mining have been mapped.

In a press release published this week by the company, Charles Bray, president of Aterian, specifies that We are pleased to report high-grade copper and silver results from sampling the Azrar Project, which was recently acquired as part of the company’s acquisition of Aterian Resources Limited. Following the company’s listing on the main market of the London Stock Exchange on October 24, 2022, we look forward to continuing exploration of the project and other assets in our Moroccan portfolio, which we believe have growth potential. important”.

In addition, this acquisition of Aterian Resources by the company, has enabled Aterian to hold a portfolio of 15 projects based on elements such as copper and silver as well as other base metals, in the Kingdom, with an area total of 762 km2.

The results of our outcrop sampling campaign, including 3.79% copper with 23 g/t silver and 2.06% copper with 24 g/t silver, are very encouraging and demonstrate the presence of high-grade copper and associated silver mineralization over much of the project. Mineralization is observed in fault-related breccias and hosted in carbonate and siltstone sedimentary sequences. Several artisanal mines have been identified throughout the project, with host rocks considered comparable to those of the Tizert copper mine, owned by Managem”, explains Bray, adding that “ these results confirm observations made during the initial reconnaissance that promising geological formations for copper deposits in stratiform sediments are found in the project area. The discovery of multiple historic artisanal works confirms the mineral potential of Azrar”.

He goes on to say that the company will ” continue to assess unexplored areas of the project and track multiple targets generated by field teams. In parallel, we will begin detailed mapping and sampling on the five target areas identified so far. Ultimately, we are working on establishing a large drilling program“.

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