Aterian PLC

B-AM41_593945-3465218_GOS-MSlt_Breccia_vSW_09-05-18_AB-1-scaled-1200x1000

Explore Aterian plc’s Agdz copper-silver project in Morocco, targeting high-grade mineralisation in a proven, underexplored geological zone.

Agdz Project

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The Company’s wholly-owned subsidiary, Aterian Resources Limited, holds a 100 % interest in the 34.5 km2 Agdz Copper-Silver Project. The Project lies in the Souss-Massa-Drâa region of the Anti-Atlas Mountains of central Morocco, approximately 350 km south of the capital, Rabat, and approximately 35 km east of the city of Ouarzazate where high-standard infrastructure and services exist, including a regional airport. 

The ‘Noor 1’ solar power station, the world’s largest concentrated solar power plant with a planned output of 580 MW, is located approximately 40 km northwest of Agdz. The Project is accessed via a paved road, a network of unpaved roads, and vehicle tracks close to and within the licence.

Agdz lies approximately 14 km southwest of the Bouskour copper-silver mine (53 Mt at 0.8 % Cu and 9 g/t Ag), with the world-class Imiter silver mine (131 Moz of silver at 500 g/t Ag) located 80 km northeast of the Project. Both deposits are operated by the Moroccan mining company, Managem Group (it should be noted that mineralisation hosted at the adjacent mines is not necessarily indicative of mineralisation at Agdz).

AGDZ: Reported Highlights (Operational Update)

Scout Drilling Confirms Copper-Silver Mineralisation

We are pleased to announce our first drill results from the Agdz Copper-Silver Project in central Morocco. These scout holes were widely spaced across a large area to provide an initial indication of the sub-surface potential from several prospects previously identified across the licence. They proved themselves very informative as multiple locations indicated the presence of near-surface copper and silver. The drill programme demonstrated mineralisation across the target areas as a first-pass test of several geophysical and structural targets within four priority prospects

Given the broad approach with only 13 drill holes across the 34.5 km2 licence, we consider these results highly encouraging, with near-surface copper and silver reporting from three prospects: Makarn, Amzwaro and Daoud. We had an intersection reporting a 3m interval containing 1.24 % Copper and 101 g/t Silver, which demands further investigation. This promising intersection represents the clearest target area for step-out drilling work on the project. We now need to continue the work to understand the geological model and resource potential

We are continuing to evaluate these results and the outcomes of the previous mapping and geophysical surveys conducted at Agdz to generate new work plans to advance this project further.

Primarily targeting Copper – Silver, in addition to Au, Sn, Zn & Pb

Projects are located mainly in the Anti-Atlas Mountains, as well as the High Atlas and Central Morocco.

The Anti-Atlas is highly prospective for sedimentary-hosted copper.

: up to 7.02 % Cu from sediments, over 32 km of mineralised strike

: up to 4.43 % Cu from quartz-carbonate vein swarm

: initial assay grades up to 3.41 % Cu and 56 g/t Ag in breccia and 1 % Cu and 16 g/t Ag from ferruginous stratiform sample. 0.82 g/t Au and 0.63 % Cu over 9.0 m from surface chip channel targeting northerly strike quartz veins

Multiple zones up to 2 km long and 200 m wide, individual alteration zones up to 33 m in width. Results include rock chip grades of 4.82 % Cu,  189 g/t Ag and 1.91 g/t Au. 

150 m x 90 m wide area over historic mining complex, exploiting multiple sub-parallel copper-bearing zones. Results include rock chip and spoil sample grades of 13.05 % Cu, 12.90 g/t Ag and 0.49 g/t Au. Hosts several U/G workings following sub-parallel alteration zones that returned rock chip samples of 13 % Cu, 6.0 % Cu & 5.0 % Cu.

Mineralised dykes, shears and veins over 2.8 km strike length with rock chip grades up to 26.5% Cu and 448 g/t Ag. New prospect at Makarn North with rock chip grades of 3.5 % Cu and 308 g/t Ag

: A series of NNW striking quartz veins and pervasive silicification, mapped discontinuously over a 700 m strike length and crosscut by ENE striking chlorite-rich alteration zones. Historical results include rock chip grades of 2.71 % Cu, 152 g/t Ag, and 2.96 g/t Au. Mineralisation at the surface coincides with a 900 m-long linear geophysical anomaly interpreted from IP data.

Assay Results