Curated News
By: NewsRamp Editorial Staff
October 28, 2025
Steadright Advances Historic Goundafa Mine Exploration in Morocco
TLDR
- Steadright's Goundafa Mine exploration offers early production potential with accessible historic infrastructure, providing competitive advantage in copper, lead, zinc, silver, and gold markets.
- Steadright will use phased drilling starting December 2025 to verify 6.62 million ton conceptual resources through surface mapping and targeted drilling near existing mine access points.
- Reviving the Goundafa Mine creates economic opportunities in Morocco while supplying critical minerals essential for modern technology and sustainable energy infrastructure worldwide.
- The Goundafa Mine operated from 1923-1956 and contains up to 3.5 g/t gold in select zones, with historic production exceeding 400g/t silver grades.
Impact - Why it Matters
The revival of the Goundafa Mine represents significant potential for global critical mineral supply chains at a time when demand for copper, zinc, lead, silver, and gold continues to grow amid energy transition needs. Successful exploration and eventual production could contribute to diversifying mineral sources beyond traditional mining regions, potentially stabilizing prices and supply security for industries ranging from electronics to renewable energy infrastructure. For investors, this represents an opportunity in a company focused on near-term production assets in a jurisdiction actively supporting mineral development. The project's historical production credentials and accessible infrastructure suggest lower development risks compared to greenfield exploration projects, while the substantial conceptual resources indicate meaningful scale potential if confirmed through modern drilling techniques.
Summary
Steadright Critical Minerals Inc. is advancing exploration plans for the historic Goundafa Mine in Morocco, with contractor drilling companies currently being reviewed to confirm high historical values at this polymetallic site. The Canadian mineral exploration company, trading on the CSE under symbol SCM, is targeting the copper-lead-zinc-silver-gold deposit that contains conceptual resources of up to 6.62 million tons with impressive grades including 2.1% zinc, 1.8% lead, 1.5-2.1% copper, and up to 3.5 g/t gold in select zones. CEO Matt Lewis emphasized the company's "North Star" strategy of acquiring assets with clearly achievable near-term production potential to generate shareholder value as quickly as possible.
The exploration program, scheduled to begin in December 2025 and early 2026, will employ a phased approach starting with surface mapping and targeted drilling to verify potential resources in Vein 1 adjacent to historic mining areas. The initial phase aims to provide a near-term resource estimate close to existing mine access points that could support early production, leveraging the fact that 1.7 million tons are directly accessible through historic multi-level works. Many of the original mine openings, including adits and shafts used during the mine's operational period from 1923 to 1956, remain potentially available with minimal effort and cost, having been closed primarily for safety rather than due to economic or resource depletion issues.
A second phase will expand the exploration to include geophysics and drilling of Vein I, Vein IV, and Vein II bis along interpreted extensions both laterally and at depth. The company notes that the mine's closure resulted from political changes following Moroccan independence rather than economic factors, suggesting significant untapped potential remains. Simultaneously, Steadright is progressing with a Preliminary Economic Assessment (PEA) for its TitanBeach heavy mineral sands project in Southern Morocco, with government meetings scheduled for mid-to-late November to discuss mining and environmental license applications. The original release on www.newmediawire.com provides comprehensive details about these developing exploration initiatives.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Steadright Advances Historic Goundafa Mine Exploration in Morocco
