Monday, July 24

Maxim Resources Extends Morocco Exploration Deadline

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Proactive Investors
Jamie Ashcroft

Hassi Berkane spans some 5,116 square kilometres in north eastern Morocco

Hassi Berkane spans some 5,116 square kilometres in north eastern Morocco

Additional work will enable Maxim to take Hassi Berkane to the next stage of exploration.

Maxim Resources (CVE:MXM) has secured a further six months for the current exploration period at the Hassi Berkane block, onshore Morocco.

The Toronto quoted explorer will now have until January 15 to complete a previously agreed work programme, which is currently underway.

Having extra time allows Maxim to expand its analysis. The programme includes geological, geochemical and geophysical surveys as well as geotechnical review of existing data.

Chief executive Andrew Male said: “Maxim is pleased to receive this extension and we look forward to completing the additional work being able to move forward with Stage 2 of our reconnaissance works on Hassi Berkane.”

The extension was agreed by the state energy group ONHYM (National Office of Hydrocarbons and Mines) and the Moroccan Ministry of Energy, Mines, Water and Environment.

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