Aterian announces significant discovery at Tata project

The project, which covers an area of 143 km², is located within the Western Anti-Atlas Mountains of the Kingdom of Morocco and lies 30 km south of the company’s Azrar copper-silver project.

The project 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, saw the company acquire a portfolio of 15 copper-silver and base metal projects in Morocco.

Highlights:

• Stratiform sediment-hosted copper mineralisation identified within Adoudounian sediments occurring on the flanks of a Proterozoic inlier.
• 2.05 % Cu reported from a dolomite float sample located adjacent to the contact between Adoudounian sediments and the Proterozoic inlier.
• Results include 0.95 % Cu from a 4 m thick dolomitic sequence and 0.87% Cu from an 8 m thick sequence of dolomite and marl.
• 25.5 km of Adoudou Formation strike extension remains untested within the project.
• Copper mineralisation is also identified within younger units overlying the Adoudou formation.
• The project hosts a mapped historical copper-gold and gold occurrence.
• The project is located 50 km southeast of the Tizert copper mine (mineralisation hosted at Tizert is not necessarily indicative of mineralisation at Tata).
• The company’s recently acquired Moroccan 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 very pleased by the highly encouraging results and geological data from our recently acquired Tata project in Morocco. As we feel it offers significant value potential to the company and its shareholders, we consider the Tata project is one of our higher-priority projects.

“The project was recently acquired as part of the company’s acquisition of Aterian Resources Limited, which holds a portfolio of 15 highly prospective copper, silver and base metal projects. We look forward to pressing ahead with the exploration of this project and the other assets within our Moroccan portfolio, which we believe demonstrate significant upside. I look forward to updating shareholders with the results from these programmes in due course.”

Simon Rollason, CEO of Aterian, commented:

“The initial results indicate the presence of sediment-hosted copper mineralisation, which is very exciting given we still have a significant strike length of over 25 km to explore and sample. Our internal review of the sedimentary copper, found in the western Anti-Atlas, indicates that it typically occurs within the Basal Series and Lower Limestone units of the Adoudou formation. These initial results correlate stratigraphically with this observation made on other nearby copper occurrences, however, copper mineralisation has also been reported from the younger, overlying sediments of the Cambrian-aged, Tata Group. We will continue to evaluate the unexplored areas of this project, working towards establishing a drill programme.”

Read the article online at: https://www.globalminingreview.com/mining/28112022/aterian-announces-significant-discovery-at-tata-project/