Embracing the cyclical nature of the mining sector
Aterian Resources Ltd
Epithermal in metavolcanics
Multiple parallel structures
Trench 14m @ 0.65% Cu
Next Phase of Work:
Joint Venture Partner:
The 59.7km2 Agdz Project is comprised of four licence blocks situated in the Anti-Atlas Mountains, approximately 350km south of the capital Rabat. The Company's 100% owned subsidiary, Aterian Resources has identified three main prospects to date at Makarn, Amzwaro and Minière. Rock chip samples from these prospects have returned assay results up to 26.50% Cu and 448 g/t Ag and an initial rock chip channel sample returned 1.25% Cu and 96 g/t Ag over 9.3m, with grades up to 2.26% Cu and 223 g/t Ag. Rock chip and spoil samples from the Minière prospect, which hosts multiple underground workings that exploit numerous sub-parallel alteration zones, have returned 13.0% Cu, 6.0% Cu & 5.0% Cu.
The Agdz Project is located approximately 13km southwest of the Bouskour copper mine which is operated by Moroccan state mining group Managem.
A ground magnetics survey has been completed by the Company across the northern portion of the Agdz Project. The data defines a number of very clear NE/SW and N/S trending structures, including dykes and faults, which are coincident with mineralisation mapped at surface. When combined with mapping results, the ground magnetics survey has identified at least 7 high priority prospects to target in the next phase of trenching.
A reconnaissance trenching programme has been carried out by the Company, with 13 trenches excavated to a depth of 1m below weathered surface material for a total length of 300m. The trenches were designed to test the continuity of mineralisation beneath areas where oxide copper and silver have been identified in weathered surface rocks. Assay results have been received from 5 of the 13 trenches and results include 14.12m @ 0.65% Cu & 36.54 g/t Ag, and 13.70m @ 0.36% Cu & 13.26 g/t Ag. Detailed logging of the trenches will aim to further define the relationship between observed structures and mineralisation.
The next phase of work at Agdz will include systematic trenching and channel sampling in order to define initial drill targets.