Discovery of a huge Mineral treasure in Ouarzazate in Morocco .. Thousands of tons of chrome and cobalt with a value of more than $ 60 billion
Canadian Catalyst Mines Inc, which specializes in exploring and developing critical energy minerals, announced this week
On achieving amazing exploration results in its "Emasine" project in Sirwa, the region of Ouarzazate, in southern Morocco, as part of its spring campaign of 2025.
According to an official statement published by the company via Ein Presswire, and was briefed on by the newspaper “Al -Amaq”, the results of the surface drilling operations confirmed
Record very high concentrations of chrome metal
In addition to strong indicators of the Kobalt and Nickel's minerals, the company considered a pivotal station in developing this promising project.
The company explained that the chrome concentrations reached their peak at 270,350 parts per million
At an average rate of 10,880 parts per million across the various exploratory trenches
Al -Nickel also recorded an average of approximately 1,481 parts per million, while the average cobalt reached 102 parts per million.
In an official statement, Tyler Borby, CEO of the company, described these results as "exceptional by all standards"
Stressing that "the size and quality of the chromite promises
They put the project on a global competitive location, especially with the increasing demand for biomedics for clean energy industries, manufacturing and defense.
The project, which is located about 40 km from the famous Boa Ezar mine, is based on a rocky matrix.
It is a geological context appropriate for large -scale mining projects. Field work has revealed high -quality chromete lenses
Geological structures suggest the extension of minerals in the depth.
The company estimates that the Amasin project includes about 609 million tons of rocks that carry chromite, cobalt and nickel, at a initial value of more than $ 60 billion.
In the same context, Professor Mustafa Al -Gharfy, technical advisor to the project and former head of the Boa Azar mine
“The metal tissues and the pattern of mineralization of the Amasin project carry strong similarities
With the most prominent areas of strategic mineral extraction in Morocco, with a greater superficial spread.
The company is currently running an advanced stage of exploration through a drilling program that includes 20 wells with a total depth of 4,000 meters
In preparation for preparing resource estimates according to international standards (NI 43-101).
It should be noted that chrome, cobalt and nickel minerals constitute basic ingredients in stainless steel industries
And batteries, and defensive systems. While the company considered that the presence of these minerals together in one metal system
It represents a unique opportunity to develop an integrated and high -profit mining project.
According to the official documents seen by the "depth", Catalyst Mines Inc focuses on developing strategic metal assets in Morocco
With its commitment to the standards of sustainability and social responsibility, and the promotion of local partnerships to support global energy transition efforts
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