OLAH Palace Trading confirms high-grade gold in Morocco’s Guelmim region; assays reach up to 30 g/t as preliminary estimates point to 3–5 million ounces and rising export prospects.
High-Grade Discovery in Southern Morocco
Morocco has confirmed the discovery of high-grade gold deposits in the Guelmim region, a development that could reshape its mining sector and elevate its continental profile. Mining company OLAH Palace Trading reported significant gold within quartz veins at its Guelmim project, with fieldwork by qualified professionals identifying 34 veins across the permit area.
“These discoveries validate what we’ve long believed about Morocco’s untapped resources,” said Odai Nabut, Head of Business Development at OLAH Palace Trading. The company emphasizes a strategy of building long-term value through responsible development and strategic partnerships.
Assays and Early Signals
Specialist platform Discovery Alert described the find as “exceptional,” citing trench and shaft samples showing gold concentrations between 6 g/t and 30 g/t—grades that meet global high-grade thresholds. The article notes that, by global standards, grades above 10 g/t are considered high-grade.
Scale and Production Baseline
Current preliminary resource estimates suggest a potential of 3–5 million ounces of gold, far above Morocco’s current annual output of just over 100 kilograms from the Tiouit mine in Tinghir province. Business Insider Africa reports that, if confirmed through further exploration, the scale of the discovery could lift Morocco’s ranking in Africa, boost exports and investment, and strengthen the country’s position in the regional mining industry.
Export Footprint and Buyers
Although Morocco is not among Africa’s top gold producers, OECD data shows the country exported $27.7 million worth of gold in 2023, ranking 120th globally and making gold its 133rd most exported product. Key buyers included Turkey ($16.8M), Switzerland ($6.56M), Italy ($3.38M), the UAE ($1.04M), and Germany ($13.6K).
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