Charles Bray of Eastinco Mining & Exploration discusses the mining licence award on their intended acquisition target
Episode 667, Apr 13, 2022, 10:54 AM
Charles Bray, Executive Chairman of Eastinco Mining and Exploration #EM.P discusses the 10 year mining licence awarded on their intended acquisition target, the Agdz copper and silver project located in the eastern Anti-Atlas of the Kingdom of Morocco.
Charles Bray, Executive Chairman of Eastinco Mining and Exploration #EM.P discusses the 10 year mining licence awarded on their intended acquisition target, the Agdz copper and silver project located in the eastern Anti-Atlas of the Kingdom of Morocco.
Highlights
· Ten-year mining licence granted on the Agdz Cu-Ag project in Morocco
· Agdz is located 14km southwest of the Bou Skour Cu-Ag mine
· Agdz hosts four significant Cu-Ag prospects covering an area of approximately 8 km2
Agdz Mining Licence
A ten year 34.36 km2 mining licence has been granted to the Altus Strategies' 100% owned Moroccan incorporated subsidiary, Azru Resources SARL AU. The licence will commence on 21 May 2021 and was granted in accordance with Morocco's new mining law proclaimed in May 2016. Altus has made several discoveries at Agdz, including:
· The 2.80km long Makarn prospect, with results up to 8.00 % Cu and 448 g/t Ag
· The 2.00km long Amzwaro prospect, with results up to 4.82 % Cu and 189 g/t Ag
· The 0.15km long Minière prospect, with results up to 13.05 % Cu and 12 g/t Ag
· The 0.70km long Daoud prospect, with results up to 2.71 % Cu and 152 g/t Ag