Business
Genius Metals Enters Option Agreement to Acquire 100% Interest in Timarighine Copper Project, Kingdom of Morocco
MONTRÉAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Company”) is pleased to announce that on November 12, 2024
About this update from Morocco Strategic Minerals Corporation
[{"type":"text","content":" MONTRÉAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Company”) is pleased to announce that on November 12, 2024 it has entered into an option agreement to acquire a 100% interest in the Timarighine Copper Project, located in the Kingdom of Morocco. This acquisition aligns with the Company’s strategy to explore and develop its Moroccan assets, including the Timarighine, Tifernine (permit 3842500) and BMR projects (permit 384330), while advancing its exploration activities in North America. About the Timarighine Copper Property The Timarighine copper prospect is located in the Tazzarine rural commune within the Tazarine caïdat, Agdez district, Zagoura province, in Morocco's Drâa-Tafilalet region. Situated approximately 13 km northwest of Tazarine village, the property lies along the southern slopes of the Jbel Saghro in the eastern Anti-Atlas, an area renowned for copper mineralization, including the nearby Oumjrane deposit. Access to the site is available via national road R108, between Nkob and Tazarine, followed by a direct track to the Timarighine area. Covering approximately 55 km², the property comprises four contiguous exploration permits (3842563, 3842734, 3842735, and 3842736). The Timarighine property lies within an east-west trending depression on the southern front of the Precambrian-aged Saghro massif. Copper mineralization occurs along two parallel vein structures, known locally as \"iron cap\" zones, marked by extensive alteration zones with hematite and goethite iron oxides. The mineralized structures are characterized by a shear system oriented NNE-SSW and feature local stockwork zones of brecciated carbonate-quartz-pyrite-chalcopyrite veinlets. The two main mineralized veins extend approximately 650 meters and 300 meters in length, with variable widths up to 5 meters (Figure 1: Aerial View of Main Mineralized Structures). High-grade copper identified within these zones also hints at significant primary sulfide mineralization potential at depth, underscoring Timarighine’s status as a high-value copper exploration target. Figure 1: The two parallel mineralized structures, Timarighine property. Surface sampling of the vein areas has returned copper values as high as 4.164%*, as documented in \"A. Ansari, 2021. Contexte géologique et minier des permis de recherche...