Projects & Royalties

Assif

Project: Assif
Commodity: Copper
Subsidiary: Aterian Resources Ltd
Location: Morocco
Deposit Style: -
Key Attributes: Notable mining district
Asset Stage: Reconnaissance exploration
Results: TBC
Next Phase of Work: Sampling & mapping
Deal Partner: Available
Deal Terms: TBC

Project Overview

The 26 km2 Assif project is comprised of two licence blocks situated in the eastern Anti-Atlas Mountains, approximately 334 km south of the capital Rabat, 350 km east of the port city of Agadir and 31 km north east of the Bouskour copper mine which is operated by state mining group, Managem. Aterian holds a 100% interest in the project which is accessible via the road between a main highway and the village of N’Kob.

The eastern Anti-Atlas forms part of the Anti- Atlas Mountain chain in Morocco which is host to numerous world class mineral deposits including the Imiter Ag mine (131 Moz at 500g/t Ag) and Bouazzer Co mine (16 Kt at 1.0% Co). The eastern Anti-Atlas is dominated by two Precambrian basement massifs, Jbel Saghro and Ougnat which are overlain by discordant Paleozoic to Mesozoic sedimentary cover.

The Project area is comprised of Late Neoproterozoic volcanic formations of which rhyolitic ignimbrite dominates with subordinate aphanitic basalts. These are unconformably overlain in the east by two different units of conglomerates and sandstones. The project is cut by two regional southwest to northeast trending structures.

Exploration Programme

Altus selected Assif based upon an extensive process of desk-based prospectivity mapping. This work comprised a review of available datasets, including historical mineral occurrences, geological maps, regional magnetics and satellite borne remote sensing data. The project hosts a number of northeast, east and north striking structures with proximal historic copper mineral occurrences.

A first phase reconnaissance exploration programme is due to commence shortly and will include an assessment of priority targets identified that include priority structural targets that reportedly host historic copper mineral occurrences along strike of Anezal.

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