By: Zimbabwe herald

Morocco has taken a decisive step toward joining Africa’s leading gold producers after confirming the discovery of high-grade deposits that could reshape its mining industry and boost its role in the continent’s resource economy

The discovery of rich gold veins in Morocco’s southern region of Guelmim has injected fresh momentum into the country’s mining sector and elevated its profile on the continental stage.

Mining company OLAH Palace Trading confirmed the find, reporting significant gold deposits within quartz veins at its Guelmim project site, according to African Mining Market.

Fieldwork conducted by qualified mining professionals has so far identified 34 quartz veins with exceptionally high gold content spread across the permit area.

Specialist platform Discovery Alert has described the discovery as “exceptional,” citing assay results from trench and shaft sampling that revealed gold concentrations between 6 grams per tonne and 30 grams per tonne.

By global standards, grades above 10 g/t are considered high-grade deposits, reflecting the world-class potential of this site.

This new find is now being regarded as one of the most promising gold discoveries in North Africa in recent years, opening opportunities for Morocco to expand its role in the region’s mining industry and attract fresh investment.

Although Morocco is not yet among Africa’s top 10 gold producers, it has carved out a role as a notable exporter.

OECD data shows that in 2023, Morocco exported US$27,7 million worth of gold, ranking 120th globally and making it the country’s 133rd most exported product.

Examinations by mining professionals has so far identified 34 quartz veins with exceptionally high gold content spread across the permit area. — Business Insider Africa