Aterian Resource: New Zinc and Copper Licences Granted in Morocco

Exploration company Altus Strategies (LSE:ALS) has announced that its subsidiary Aterian Resource has been granted new exploration licences for zinc and copper in Morocco.

As highlighted in the press release:

• Ammas, Takzim Est and Arfa licences granted totalling 87.55 km² in Morocco
• Ammas licence located 3km along strike of Hajjar VMS zinc-copper mine
• Takzim Est licence located 6km east of the company’s Takzim zinc project
• Arfa licence located in the Oriental province of north-eastern Morocco
• Discovery of quartz stockworks and gossanous outcrops at Ammas

As quoted in the press release, chief executive of Altus Steven Poulton said:

“The award of these strategically located exploration licences in Morocco is an exciting addition to our exploration pipeline. The licence areas were selected on the basis of our remote sensing programmes across terrains considered to be prospective for zinc, copper and other base metals.

Our field team have immediately commenced exploration at Ammas, which is approximately 30km south of Marrakech and in an active mining district, which hosts numerous ‘VMS type’ deposits. These include the Hajjar zinc-copper-lead mine, located just 3km northwest of Ammas. Encouragingly our geologists are reporting the discovery of quartz stockworks and gossanous material in outcropping meta-volcanics and meta-siltstones at Ammas. Once this initial reconnaissance phase of exploration is complete, the field team will move on to Takzim Est and Arfa. We look forward to updating shareholders on the results from these programmes in due course.”

Click here to read the full Altus Strategies (LSE:ALS) press release.