Econostrum | Economic News in the Mediterranean



Alterian Resources discovers high-grade copper and silver deposits in Morocco

Location of sites in the Western Anti-Atlas (map: Altus Strategies)
Location of sites in the Western Anti-Atlas (map: Altus Strategies)
MOROCCO. The three mining projects in Morocco awarded by tender in March 2021 to Alterian Resources, a wholly-owned subsidiary of Altus Strategies, appear to be highly prospective. The first excavations on the Azrar, Izougza and Tata sites (252 km² in total in the western Anti-Atlas) have produced "excellent results", according to Steven Poulton, Altus' managing director.
A press release from the British company reports the discovery of up to 8.37% copper in the Izougza breccia, 3.41% copper and 56 grams per tonne of silver in the Azrar breccia, and up to 0.24% copper in the Tata site sediments. The first deposit is operated by Canada's Aya Gold & Silver, the other two by Managem, the Moroccan mining group.
"Our field teams have identified numerous targets for follow-up exploration," says Steven Poulton. Evidence of historic artisanal hard rock mining operations was revealed and mapped during this operation.
Analysed by an independent Moroccan laboratory, AfriLab, the results cover seventy-eight rock samples taken from outcrops and sixteen grab samples from trenches.
Further reconnaissance exploration is underway at the Jafra, Tiddas and Amsa deposits (221 km² in total), recently awarded to Alterian Resources. The company now has ten projects in Morocco covering a total area of 675 km².

Eric Apim

Monday, July 5th 2021

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