Aouinte Ighoumane Gold Prospect

The Aouinte Ighoumane Gold Prospect (PR4039232), located in the western Anti-Atlas region of Morocco, represents a highly prospective gold exploration opportunity within one of North Africa’s most promising metallogenic provinces. The license is held by Morocco Mining Development Capital, part of the Artemis MM Resources London Ltd group, which manages a growing portfolio of strategic mineral assets across Morocco and internationally.

Location and Access

The permit area is situated approximately 115 km south of Guelmim and 65 km from Tan-Tan, accessible via national road N°1 and a 15 km all-weather track leading to the Aouinte Ighoumane sector. The region benefits from Morocco’s modern infrastructure, including newly developed roads, power networks, and telecommunications — providing reliable access for exploration and future development.

Geological Framework

The Aouinte Ighoumane permit lies within the Lower Draa inlier of the western Anti-Atlas — a Precambrian block that forms part of the Pan-African orogenic belt, hosting multiple world-class gold and base metal occurrences. The area is underlain by Paleoproterozoic metamorphic rocks intruded by granitoids, cut by acidic and basic dykes, and unconformably overlain by Cambrian carbonates.

These formations are intersected by several fault-controlled quartz vein systems, exhibiting orientations of N50–N60°, N140–N150°, and N80–N95°. The mineralized structures are composed primarily of quartz veins with carbonate and iron oxide gangue, showing strong ferruginous alteration — an indicator of hydrothermal activity typically associated with gold-bearing systems.

The region shares the same structural and lithological characteristics as major deposits in the Anti-Atlas such as Ain Karma (ONHYM) to the west and Azougar n’Tilili (Managem) to the south, both known for significant gold and polymetallic occurrences.

Mineralization Potential

Preliminary field mapping and trenching within PR4039232 have revealed a network of hectometric quartz veinshosting visible iron oxide alteration and secondary mineralization. Although no visible gold was identified at surface, comparable geological settings in adjacent prospects indicate that mineralization typically occurs at depths beyond 10 meters, associated with sulphide-bearing quartz-carbonate veins.

Geochemical sampling, trenching, and structural mapping confirm the continuity of these veins across the property. The orientation, alteration halos, and structural controls strongly suggest the presence of a hydrothermal gold system consistent with orogenic gold models in similar Pan-African terranes.

The veins are interpreted to represent the eastern extensions of the gold-bearing systems of Ain Karma, where ONHYM’s historical drilling intersected gold mineralization at depth. This structural continuity significantly enhances the project’s exploration potential.

Exploration Program

A staged exploration program has been outlined to systematically evaluate the project’s gold potential:

1. Detailed Geological and Structural Mapping– To refine the understanding of vein systems and alteration zones.
2. Geophysical Surveys (IP and Magnetic)– To identify subsurface anomalies and potential sulphide-rich zones.
3. Trenching and Channel Sampling– Across main quartz structures to test for near-surface mineralization.
4. Core Drilling (Phase I)– To confirm gold-bearing zones at depth and establish resource continuity.

The program will integrate modern analytical methods and 3D structural modeling to guide future drilling targets.

Strategic Significance and Market Context

The global gold market is currently experiencing a sustained upward trend, with prices hovering around record highsdue to macroeconomic uncertainty, currency weakness, and renewed investor demand for hard assets. In this context, Aouinte Ighoumane offers exceptional leverage to rising gold prices through an early-stage but geologically robust exploration project in a politically stable and mining-friendly jurisdiction.

The project’s proximity to infrastructure, established geological parallels to known deposits, and the broader renewed investor appetite for gold exploration make it a particularly timely opportunity for development.

Morocco’s supportive mining policies, combined with Artemis’ exploration expertise and financial capacity, position Aouinte Ighoumane as a strategic gold prospect with strong discovery potential.

Conclusion

The Aouinte Ighoumane Gold Prospect (PR4039232) is located within a proven metallogenic corridor of the western Anti-Atlas, characterized by favorable structural settings, high-grade regional analogues, and strong evidence of hydrothermal alteration.

While still in the early exploration phase, the project exhibits all the hallmarks of a promising gold system — extensive quartz veining, ferruginous alteration, and structural continuity linked to known gold-bearing zones nearby.

Given current record-level gold prices and the global drive for resource security, the Aouinte Ighoumane permit represents a strategically valuable exploration asset for Artemis MM Resources and a cornerstone for its growth in precious metals. With continued systematic exploration, the project holds significant potential to evolve into a major gold discovery in southern Morocco.