London-listed Aterian has announced results, including 170 g/t and 159 g/t silver, from initial geological reconnaissance work completed on the company’s Jafra project, in Morocco.
The project is one of 15 copper, silver and base metal projects owned by Aterian.
The project hosts a historically mapped lead occurrence and several historical workings have been identified.
The project is located 35 km east of the former Roc Blanc silver mine and lies 14 km south of the company’s Jebilet Est Copper project.
Aterian highlights that it is near good infrastructure.
“These preliminary results from the initial reconnaissance at Jafra are very encouraging, with much of the area targeted covered by loose, surface scree material on the hillside, which obscures visible outcrop.
“These results further support our project portfolio's strong and broad potential in Morocco,” says Aterian chairperson Charles Bray.
“Jafra demonstrates the metal diversification of our Moroccan projects and is well located, close to power and rail links and only 35 km outside Marrakech. The high silver values supported by very high lead grades are an excellent starting point for further exploration of the project.
“At Aterian, we firmly believe our existing asset portfolio has the potential to deliver tremendous value to the company, its shareholders and other stakeholders. We will continue exploring this project along with the other assets within our portfolio, which from the work reported thus far, are showing significant upside potential,” he adds.