Altus Strategies plc has increased its metals projects in central Morocco to seven after being awarded three new copper and silver exploration licences.
The projects – Izougza copper-silver; Azrar copper; and Tata copper – were awarded to the company’s 100% owned subsidiary, Aterian Resources Ltd, following a competitive tender process.
The mining royalty company said that the new licences, covering a total of 252 km2, were highly prospective for sediment-hosted mineralisation with at least four historically recorded copper occurrences.
Remote sensing is underway and exploration programmes are expected to start soon on priority targets.
Altus also has further licence applications submitted across key mineralised belts in the country.
Chief executive Steven Poulton said that the new projects lay within the prospective Anti-Atlas belt of Morocco.
“Significantly, we have been granted the 24 km2 Izougza project, located approximately 20km southeast of the Zgounder silver mine operated by Aya Gold & Silver Inc.
“We have also been granted the 85km2 Azrar and 143km2 Tata projects, located approximately 43km and 50km east and southeast respectively of the Tizert copper mine, operated by the Managem Group.
“With the grant of these projects we have approximately doubled our land holding to 511 km2.”
LICENCES
Izougza copper-silver project (24km2) is prospective for vein-hosted silver and copper mineralisation. The site lies along strike of historical mapped copper, silver, cobalt and gold occurrences.
Azrar copper project (85km2) hosts several mapped historical copper occurrences.
Tata copper project (143km2) holds a mapped historical copper-gold and gold occurrence.
Altus Strategies is a mining royalty company, focused on Africa, generating a diversified and precious metal portfolio of assets.