Exploiting the cyclical nature of the mining sector
Aterian Resources Ltd
Hercynian base metals
Margin of Zaer granite & historic Cu occurrences
Next Phase of Work:
Sampling & mapping
Joint Venture Partner:
The Company's 100% owned subsidiary, Aterian Resources Ltd, holds a 100% interest in the Zaer Licence, which comprises six 16km2 permits totalling 96km2. Zaer is located approximately 80km south of the capital Rabat and is accessible via two asphalt roads and contains a network of tracks. The Licence was selected on the basis of the Company's substantial technical dataset on Morocco. This dataset includes geological maps, historical mineral occurrences, regional geochemical data and satellite-borne remote sensing data.
Zaer is located in the Central Moroccan Hercynian Massif, which contains three large granitic plutons and several buried plutons which have been intruded into a sequence of Ordovician to Devonian aged sediments. The region hosts numerous active and historic mines and development projects for copper, tin, tungsten, lead, zinc and fluorite. The mineralisation is reportedly hosted in veins, stockworks, skarns and greisens within granites and the surrounding metamorphic aureoles. Six quartz veins hosting copper mineralisation, totalling 2.35km of combined strike have reportedly been mapped at Zaer.
Aterian Resources' technical team are currently undertaking a remote sensing programme and an initial phase of reconnaissance prospecting.