Summit (ASX:SUM) return multi-metals from Ahmed Antimony

Summit Minerals’ geological mapping and rock chip sampling has revealed not only the targeted antimony, but copper and anomalous levels of critical mineral gallium at its Ahmed project in Morocco.

Mapping identified occurrences of antimony and copper-bearing rocks across the project, while stream sediment geochemistry outlined anomalous gallium in several drainages extending beyond five kilometres.

Several intrusives are now mapped, forming possible sources of rare earths and gold, and a number of intensely altered alkaline intrusive plugs emplaced the quartz-filled contacts has raised the Ahmed profile for valuable Skarn deposits, offering heightened polymetallic opportunities to add to Summit’s joint venture with Ashgill Morocco.

“Outcropping copper-bearing gossans and stibnite mineralisation, the witnessed structural complexity, and the continuity of gallium numbers over the 5km length implies things are happening in the hinterland at Ahmed. Though it remains early days, these occurrences excite both Ashgill and Summit,” Exploration Manager Jonathan King said.

Multi-metals

Rock chips showing top-level grades of 61.9%, 44.5%, and 39.4% antimony confirmed the project’s prospectivity and provided immediate drill targets shortly after Summit acquired Ahmed, and the Perth-based company is now looking at multiple commodities in a Moroccan jurisdiction committed to growing its mining industry.

The return of gallium is a particularly exciting prospect. The mineral is one of the rarest elements on the periodic table and is essential for the semiconductor industry, so much so that China has restricted exports to western chip manufacturers.

And far away in Canada, Summit has made the climb into the James Bay lithium boom and secured territory which remains unexplored for white gold close to the significant discoveries which have established the region as premier exploration territory.

Outcropping oxidised stibnite mineralisation

SUM.AX

SUMMIT FPO [SUM]

ASX

$0.036

$0.0000

0.00%

SUMMIT FPO [SUM]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Summit Minerals Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery mineral projects in Brazil, Canada, Morocco, and Australia. It explores for niobium, partial rare earth oxide, tantalum, rare earth element, uranium, antimony, and lithium pegmatite deposits. Summit Minerals Limited was incorporated in 2021 and is headquartered in Mount Hawthorn, Australia.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.