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Projects & Royalties


Project: Zager
Commodity: Gold
Subsidiary: Altau Resources Ltd
Location: Ethiopia
Deposit Style: VMS system & shear-hosted gold (Nubian Shield)
Key Attributes: Ophiolite; hard-rock workings; historic Au-occurrence
Asset Stage: Regional stream sediment survey
Results: 63 g/t Au; 24 g/t Ag; 1.2 % Pb (rock-chips)
Next Phase of Work: Infill stream sediment survey
Deal Partner: Available
Deal Terms: -

Project Overview

The 284.9km2 Zager licence is situated in the Tigray Regional State of northern Ethiopia, approximately 75km west of the Company’s Daro Cu-Au project, 175km northwest of the Tigray state capital of Mekele and 610km north of Ethiopia’s capital, Addis Ababa. The town of Shire, which has a population of 71,000 and a regional airport offering daily flights to Addis Ababa, is located 30km to the southeast. A railway is being planned to connect Shire with the Red Sea port of Tadjoura in Djibouti. The licence is accessed by a network of well-maintained surfaced and graded roads and is crossed by a high voltage hydroelectric power line.

The licence is situated within the Neo-Proterozoic Nakfa terrane of the Arabian Nubian Shield, a highly prospective mobile belt of metasedimentary and metavolcanic rocks which stretches across northern and western Ethiopia, Eritrea, Sudan, Egypt and across the western Gulf. Zager hosts a 27km long mafic and ultramafic belt, interpreted to be an ophiolite complex of ancient oceanic crust and seafloor sediments, deposited in an island arc setting. These rocks are intruded by the Debri granitoid and the Imba Tsewa gabbroic complex. The Nakfa terrane hosts a number of significant VMS base metal and gold deposits and mines. These include Bisha, a polymetallic mine operated by Zijin Mining Group Co. Ltd. 136km northwest of Zager, the Asmara project being advanced by Sichuan Road & Bridge Mining Investment Corp Ltd 125km northeast of Zager and the Harvest and Adyabo projects, being advanced by East Africa Metals Inc. (TSX-V:EAM) 10km south and east of Zager.

  • Highly Prospective Region
    Highly Prospective Region
  • Key Prospects
    Key Prospects
  • Licence Overview
    Licence Overview

Exploration Programme

Zager was selected by the company based upon an extensive process of regional targeting. This work comprised a review of available datasets, including historical mineral occurrences, geological maps and satellite-borne remote sensing data. The licence contains two northeast trending ophiolite belts and an overlaying tuffaceous volcano-sedimentary sequence, in addition to two syn-tectonic granitoid intrusions. A first phase reconnaissance exploration programme is currently underway and is including the assessment of previously defined remote sensing targets. Thus far, multiple hard-rock gold workings have been discovered in two disparate parts of the licence area with locals showing the team recovered quartz spoil with visible gold, and numerous extensive areas of alluvial mining activity have also been mapped across Zager. In addition, the field team has observed a large number of sizable quartz veins cropping out at surface: some of these were found to be hosting pyrite (with three returning with returning with between 1-2 g/t Au from first-pass rock-chip sampling) and a small selection of others contain a polymetallic sulphide assemblage including galena, chalcopyrite, bornite and covellite. The next phase of work will include a licence-wide stream sediment sampling survey in order to further prioritise areas of interest.

  • Workings on meander point bar
    Workings on meander point bar
  • 10 m wide and deep hard-rock working
    10 m wide and deep hard-rock working
  • Copper mineralisation in quartz
    Copper mineralisation in quartz

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