Mining

Morocco: Critical Mining Resources confirms the presence of copper, silver, and gold at the Ifri Project

Morocco: Critical Mining Resources confirms the presence of copper, silver, and gold at the Ifri Project
Friday, 29 March 2024 18:51

CMR is one of the many companies interested in the Moroccan subsoil. The Northern African country is the continent’s leading silver producer and one of the biggest phosphate producers in the world.

Critical Mineral Resources (CMR) confirmed the presence of copper, silver, and gold in multiple areas at its Ifri project in Morocco. Results from a sample analysis carried out by the firm have revealed intercepts of copper mineralization at a grade of 3.1%, along with 17 g/t of silver and 0.86 g/t of gold.

"We are very excited about the Ifri project and its potential to host both copper-silver and gold deposits. Ifri is situated within a mineralized system, and we will now focus on systematic exploration and target generation for drilling," commented Endeavour CEO Charlie Long.

According to details read by Agence Ecofin, the exploration program planned for Ifri includes detailed mapping, geochemical prospecting, geophysical surveys, and efforts to identify targets for future drilling campaigns.

Ifri is one of CMR’s recently acquired projects to show promising results. Located in a mining belt renowned for hosting significant copper, silver, and gold mines (such as Imiter, Tiout, Bou Skour, and Tagmout), the project is close to areas where artisanal miners operate.

Over the past few months, CMR has acquired several projects in Morocco, with a focus on copper. Its primary assets include the Anzar Copper (copper, silver), Meseta, and Ighrem (manganese, copper, silver) projects.

On the same topic
Shell plans to launch an exploration campaign of around five wells on PEL 39 starting April 2026. Shell recently booked a $400 million...
Blencowe raises £3 million via share placement for Uganda graphite project Funds support Orom-Cross development amid delayed lender financing...
Funds expand equipment credit for off-grid solar mini-grids in Africa Platform targets $800 million solar equipment orders over four years...
Floating regasification unit planned at Nador West Med port Project aims to secure gas supply after pipeline halt Morocco plans to commission its...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...

Benin Government Says Attempted Coup Against President Talon Has Been Foiled
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.