The Azegour permit lies directly south of the Amizmiz property and covers part of the mineralized corridor associated with the proposed reduced intrusive-related gold system (RIRG) model.
The past producing mine contains some quantities of molybdenum, copper and tungsten that could be sold in a form of concentrate.
Total exploration costs encountered by Ouiselsat are in the order of C$4.5m ($4.63m), including infrastructures which account for C$1m($1.02m) to C$2m ($2.05m).
Under the terms of the agreement signed on 2 March 2011, upon full payment of the purchase price, Ouiselat will immediately transfer all right, title and interest in the property to Maya and will register ownership in the name of Maya’s Moroccan subsidiary.
The RIRG deposits are characterized by: associated tungsten, low sulphide volume, reduced sulphide mineral assemblage characterized by pyrrhotite and felsic, ilmenite-series (non-magnetic) plutons.
