Proactive Investors - Critical Mineral Resources PLC (LON:CMRS) has updated investors on its Ifri project, in the Anti-Atlas region, where initial work has revealed significant potential for copper, silver, and gold mineralisation.
The company, in a statement, said that initial prospecting efforts have demonstrated the presence of copper and silver in multiple shear zone and quartz vein structures, with certain areas also indicating the presence of gold.
Assay results from channel samples have shown promising concentrations: one sample returned 3.1% copper and 17 g/t silver, another revealed 1.95% copper and 15 g/t silver, and a third displayed 0.86 g/t gold and 21 g/t silver.
Moreover, the company highlighted that Ifri project's proximity to the Tagmout copper-silver mine and its location within a well-known mining belt, home to the Imiter silver mine, the Tiouit gold mine, the Bou Skour copper project, and the Tagmout silver-copper project, further boosts its positive view of the exploration project.
"We are very excited about the Ifri project and its potential to host both copper-silver and gold deposits. Ifri is located in a mineralised system and we will now focus on systematic exploration and drill target generation,” chief executive Charlie Long said in a statement.
“We are encouraged by the numerous mines in this belt, several of which are intrusion-related deposits, and therefore the region's strong potential for large scale discoveries.
“At Ifri, we will be targeting both mineralised structures near the surface and richer sources of copper, silver and gold at depth."
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