For thousands of other reports visit RSC's Mineral Intellingence Map
Azucar Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Villa Rica | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 11/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-11-2018: Azucar Minerals Ltd. announces an Exploration/Drilling Update report for its Villa Rica deposit at the El Cobre project. Drilling results incl. 161.2m @ 0.23g/t Au, 0.15% Cu from 395.0m. VANCOUVER, B.C. Azucar Minerals Ltd. ("Azucar" or the "C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Larry Segerstrom (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce results from its ongoing drilling program at the El Cobre porphyry copper-gold project in Veracruz State, Mexico. Drilling is currently underway at the Villa Rica target, the Norte zone and Porvenir zone using three drill rigs. Results presented below represent recent highlights from drilling at the Villa Rica zone: J. Duane Poliquin, Chairman of Azucar commented, “With the completion of the Newcrest private placement and related corporate spinout earlier this year, the El Cobre project is now, for the first time, going to benefit from comprehensive, well funded drill programs. Drilling in 2016 and 2017 confirmed four high quality targets across a five kilometer strike. At one of these targets, Norte, the objective of current drilling is to define the higher grade mineralized area in order to be able to define a resource. Elsewhere on the property we will be following up results from 2016 and 2017, and continuing to define and drill new targets. We look forward to updating shareholders periodically with the results of these programs.” About the El Cobre Project The El Cobre Project has a total area of approximately 7,000 hectares and is located adjacent to the Gulf of Mexico, about 75 kilometres northwest of the major port city of Veracruz, Mexico in an area of excellent infrastructure. The project is situated 200 metres above sea level with extensive road access and is located less than 10 kilometres from a power plant, highway, gas line and other major infrastructure. Major power lines cross the property area. The four copper-gold porphyry targets currently known within the El Cobre Project, Encinal, El Porvenir, Norte and Villa Rica are defined by distinct Cu-Au soil anomalies, discrete, positive magnetic features and a large IP chargeability anomaly. The largest target area is the Villa Rica Zone and apart from preliminary work in 2017 has never been drill tested in past programs. The targets’ results to date are summarised below and a map is attached. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report