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Rabat – London-listed mining company Aterian announced on Monday that it had undertaken a review of the area under the Agdz license in Morocco’s Atlas Mountain regions. The survey identified a number of highly prospective zones for copper and silver mining.
Following the positive results, Aterian announced that it had increased the current target area of exploration under the Agdz license.
Commenting on the results of the geographical survey, Aterian Chairman Charles Bray said: “Agdz is an important asset in our portfolio of 15 copper-silver and base metal projects we recently acquired in Morocco which in turn is attracting good attention as a mining destination.”
Bray added that Agdz is the “most advanced of the 15 projects” the company currently operates in the country. “We are doing the necessary work to progress our understanding of the site for drilling,” he said.
“The geophysical survey data has generated several high-priority anomalies requiring additional fieldwork to further resolve these targets,” Bray added.
Noting the potential of the area, Bray explained that the presence of multiple “historical copper workings at Agdz provides further encouragement,” describing the project as an “additional exciting exploration opportunity” for the company’s Moroccan portfolio.
Aterian’s Chairman further announced that the fieldwork under the license has recently recommenced, adding that the “commencement of scout drilling based on these outcomes will provide further important geological and grade information shortly thereafter.”
The company recently added Agdz to its portfolio comprising 15 prospective copper-silver and base metal projects in Morocco covering an area of 762 square kilometers. The company has a 100% interest in the project.
Read Also: Alterian Announces Discovery of ‘High-Grade Copper, Silver’ in Morocco
