Now Holds Seven Moroccan Projects
Altus Strategies Plc (AIM: ALS, TSX-V:ALTS) has been granted three new copper and silver exploration projects totalling 252 sq. km in the western Anti-Atlas of the Kingdom of Morocco.
The Projects were awarded to the company’s 100% owned subsidiary, Aterian Resources Limited, following a competitive tender process.
Chief Executive, Steven Poulton, said the Projects considered highly prospective for sediment-hosted mineralisation. At least four historically recorded copper are noted to occur within the Projects.
The company’s strategic land holding in Morocco enlarged to seven base and precious metal projects
“We are delighted to be awarded three new copper and silver projects in Morocco as part of a competitive tender process. The Projects total 252 sq. km and target sedimentary copper-silver mineralisation, within the prospective western Anti-Atlas belt of Morocco. Altus has also applied for a number of further projects across Morocco and awaits the results of these submissions,” Mr Poulton said.
“Significantly, we have been granted the 24 sq. kmIzougza Project, located approximately 20 km southeast of the Zgounder silver mine, operated by TSX-listed Aya Gold & Silver Inc. We have also been granted the 85 sq. km Azrar and 143 sq. km Tata Projects, located approximately 43 km and 50 km 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 sq. kmand increased our portfolio to seven base and precious metals projects in Morocco.
“Our field team will commence exploration shortly, focusing on a number of priority targets defined from our remote sensing programmes. In the meantime we look forward to the potential grant of further projects that we have applied for in Morocco.”
Project Summary:
- Izougza Copper-Silver Project (24 sq. km):
- Prospective for vein hosted silver and copper mineralisation
- Located on a strike-slip structure separating Proterozoic granites and volcanics
- Along strike of historical mapped copper, silver, cobalt and gold occurrences
- Located 20 km from the Zgounder silver mine, operated by Aya Gold and Silver Inc. (TSX: AYA) (mineralisation hosted at Zgounder is not necessarily indicative of mineralisation at Izougza)
- Azrar Copper Project (85 sq. km):
- Hosts several mapped historical copper occurrences
- Sedimentary copper potential in Neoproterozoic to Ediacaran sediments
- Located 45 km east of the Tizert copper mine (mineralisation hosted at Tizert is not necessarily indicative of mineralisation at Azrar)
- Tata Copper Project (143 sq. km):
- Hosts a mapped historical copper-gold and gold occurrence
- Sedimentary copper potential in Adoudounian sediments on the flank of an inlier
- 50 km southeast of the Tizert copper mine (mineralisation hosted at Tizert is not necessarily indicative of mineralisation at Tata)
