Akjoujt South Project
The Akjoujt South Project is in the Proterozoic Mauritanide Belt and comprises three granted licences (1415, 1416 and 2259) covering 596km2.
These licences contain highly prospective geological structures and lithology which have the potential to host iron oxide copper gold (IOCG) and magmatic sulphide nickel-copper-cobalt deposits. The ASP is approximately 60km southeast of First Quantum’s Guelb Moghrein copper-gold mine.
Anomaly 5 was identified in a regional soil sampling program which generated an anomalous soil sample of 0.26% nickel and 0.23% copper. The anomalism is associated with a circular intrusive body and alteration assemblage. Subsequent mapping, infill sampling and trenching has defined a zone of geochemical anomalism approximately 1.6km long. Trenching across this anomalism has intersected mineralised intervals of up to 160m in width of 0.24% nickel and 0.21% copper. Drill intersected mineralisation over one kilometre strike length with drill intercepts up to 63m down hole width of 0.5% nickel and 0.3% copper.
A moving loop EM (MLEM) survey has recently been completed over the Anomaly 5 and regional areas which has identified a number of new late time anomalies.