Altus Strategies, the Africa focused exploration project generator, has announced that it has been granted six permits comprising the Zaer exploration licence in Central Morocco, targeting copper, tungsten and tin mineralisation.
Altus Strategies also announces that, in line with its project generator model, it has also relinquished four early stage licences in Morocco.
“We are pleased to announce the award of the Zaer exploration licence in central Morocco,” comments Altus Strategies CEO, Steven Poulton.
“Zaer targets a 20 km long metamorphic aureole on the western flank of the Hercynian age Zaer granite. The granite reportedly hosts copper, tungsten, tin and lead mineralisation, as well as 2.35 km of unverified historically mapped copper bearing quartz veins.
“The Hercynian aged intrusions of central Morocco are highly prospective for base metals and host a number of active and historic mines and deposits. These include the Achmmach tin project of Kasbah Resources, the Sokhret-Allal tin-tungsten deposit and the Koudiat Chebia tungsten deposit located 90 km east, 4 km east and 6 km south of the Licence respectively.
“We have also decided to relinquish four separate early stage exploration licences in Morocco,” adds Poulton.
The Altus Strategies generator business model is to acquire carefully selected prospective licences, explore them for potentially economic minerals deposits and seek Joint Venture partners to finance their further exploration.
“Licences that after initial exploration work are not considered likely to host an economic deposit are relinquished to ensure the firm’s capital and energy remains focused.
”Our exploration team is making preparations for the first phase programme at Zaer and we look forward to updating shareholders in due course,” concludes Poulton.
Feature image credit: Wikimedia