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Exploration Results – Agadir Melloul Permit (Copper, Gold, Hematite)

Introduction

As part of its targeted multi-resource exploration strategy, Coppernicus Mining Company has conducted several investigative campaigns on the Agadir Melloul permit, located in a geologically promising region. These efforts have revealed three distinct types of mineralized structures of interest: copper associated with carbonate bars, gold-bearing quartz veins, and hematite (oligist) structures.

The carbonate bars within the permit area serve as structural conduits for copper-rich mineralizing fluids. Trenches and drillings have allowed the company to:

  • Identify multiple copper-enriched zones, particularly along fractures and stratification planes;
  • Confirm copper presence via geochemical analyses, even in areas with no visible surface mineral expression.

These results point to a potential subsurface deposit with strong economic viability.

Key highlights:

  • Mineralization clearly correlated with carbonate structures;
  • Positive findings in areas with no previous mining activity;
  • Spatial distribution modeled (block model – Cu grade estimation).

Hydrothermal gold-bearing quartz veins have been identified, with widths reaching up to 2 meters. Although gold is not visible at the surface:

  • It has been detected through chemical assays;
  • Results suggest a fine-grained or microscopic dissemination of gold;
  • These veins represent a strategic target for deeper exploration (trenching and drilling recommended).

Key highlights:

  • Well-structured veins, up to 2 m thick;
  • Gold presence confirmed despite lack of surface indicators;
  • High-potential target for deep investigation.
    • Oligist (hematite) veins identified within the permit show significant short-term mining potential due to:
      • Variable widths reaching up to 1.5 meters;
      • Ease of processing and commercial recovery;
      • Potentially high iron content, influenced by heterogeneous geological conditions.
      Key highlights:
      • Vein-type structures ready for short-term exploitation;
      • Opportunity for immediate production;
      • Clearly differentiated mineralization suitable for selective extraction.

Institutional Framework

All exploration activities are carried out under the authority of Coppernicus Mining Company, in full compliance with:

    • Sustainability and environmental responsibility standards;
    • Applicable Moroccan mining regulations;
    • A constant focus on engaging and integrating local stakeholders.

Conclusion

The Agadir Melloul permit demonstrates notable polymetallic potential. The combination of deep-seated copper structures, non-visible auriferous veins, and hematite lodes exploitable in the short term forms a solid basis for integrated and phased development.

Each type of mineralization requires a dedicated technical approach, but their coexistence within the same area presents a unique opportunity for optimized and diversified permit valorization. This project aligns with Coppernicus Mining Company’s high-value-added mineral diversification strategy.