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Aterian Plc provides Azrar project results

Published by
Global Mining Review,


Aterian Plc, the exploration and development company developing its portfolio of African-focused critical and strategic metal assets, has announced the discovery of high-grade copper and silver on the company's recently acquired Azrar project. The project, which totals 78.4 km2 is located in the western Anti-Atlas Mountains of the Kingdom of Morocco and is held by the company's 100% owned subsidiary, Aterian Resources Limited. The company's acquisition of Aterian Resources Limited, which completed immediately prior to its admission to the London Stock Exchange's Main Market, sees the company acquire a portfolio of 15 copper-silver and base metal projects in Morocco.

Highlights:

  • High-grade copper and silver reported from outcrop sampling.
  • Results include 3.79% Cu and 23 g/t Ag in a fault breccia sample.
  • Copper and silver mineralisation identified across five target areas.
  • Work to date covers less than 50% of the project area.
  • Multiple occurrences of historic hard rock artisanal mining have been mapped.
  • Potential for stratiform sediment-hosted and contact breccia copper-silver mineralisation.
  • The company's newly acquired portfolio of projects are located in established current and historic copper and silver mining districts.
  • The company holds 15 highly prospective projects in Morocco, totalling 762 km2.

Charles Bray, Chairman of Aterian, commented:

"We are pleased to announce high-grade copper and silver results from sampling at the Azrar project, which was recently acquired in line with the company's acquisition of Aterian Resources Limited. Following the company's admission to the Main Market of the London Stock Exchange on 24 October 2022, we look forward to pressing ahead with the exploration of the project and the other assets within our Moroccan portfolio, which we believe demonstrate significant upside potential.

"The results of our outcrop sampling campaign, including 3.79% Cu with 23 g/t Ag and 2.06% Cu with 24 g/t Ag, are highly encouraging and demonstrate the presence of high-grade copper and associated silver mineralisation across a considerable extent of the project. Mineralisation is observed in fault-related breccia and hosted in carbonate and siltstone sedimentary sequences. Several artisanal workings have been identified across the project, with host rocks considered comparable to the nearby Managem-owned Tizert copper mine.

"These results support earlier observations made during initial reconnaissance that prospective geological formations for stratiform sediment-hosted copper deposits occur within the project area. The discovery of multiple historic artisanal workings further supports the mineral potential at Azrar.

"We will continue to evaluate the unexplored areas of the project and follow up on the multiple targets generated by the field teams. Concurrently we will commence detailed mapping and sampling over the five target zones identified so far. Ultimately, we are working towards establishing an extensive drill programme.”

Read the article online at: https://www.globalminingreview.com/mining/07112022/aterian-plc-provides-azrar-project-results/

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This article has been tagged under the following:

African mining news Copper mining news Silver mining news