Business
Operational Update: Zaer Project, Morocco
Operational Update: Zaer Project, Morocco.
About this update from Aterian Plc
[{"type":"text","content":"\n\n13 September 2023\n \nOperational Update:\nZaer Project, Morocco\n \nAterian Plc\n(\"Aterian\" or the \"Company\")\n \nAterian Plc (LSE: ATN), the critical and strategic metal-focused exploration and development company, is pleased to announce the results, including 2.34 % copper (\"Cu\") and 33.3 g/t silver (\"Ag\"), from geological reconnaissance work completed on the Company's Zaer Project (the \"Project\"). The Project covers 96 km2 and is located 70 km south of Rabat and 80km east of Casablanca within the Rabat-Sale-Kenitra and the Casablanca-Settat regions of the Kingdom of Morocco (\"Morocco\"). The Project is one of 17 copper, silver and base metal projects owned by Aterian, covering 897 km2 in Morocco within established current and historic mining districts.\nHighlights:\n· Sampling reports up to 2.34 % Cu and 33.3 g/t Ag.\n· Project hosts several historically mapped copper occurrences.\n· Situated on the margins of the Hercynian-age granitic Zaer intrusive complex.\n· Reconnaissance rock chip and stream sediment sampling completed.\n· Several stream sediment geochemical anomalies for follow-up work.\n· Project located close to good infrastructure.\n \nCharles Bray, Chairman of Aterian, commented:\n\"These reconnaissance results from the initial survey on the Zaer Project have provided strong indications for copper mineralisation occurring on the licences. The stream sediment survey has outlined several encouraging anomalies, which provide focused target areas for our field teams to explore. As we continue to work on our portfolio of projects in Morocco, we are demonstrating the high quality and great potential of these assets. We believe our assets in Morocco have the potential to deliver tremendous value to the Company, its shareholders and other stakeholders, especially as exploration of Morcocco increases as it becomes an established critical metal mining destination. We remain committed to exploring this Project along with the other assets within our portfolio, which, thus far, are showing significant upside potential. I look forward to updating shareholders with the results from this and the other exploration prog...