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Azure Minerals Ltd.
Summary
| Project: | Alacran | |
|---|---|---|
| Deposit: | Cerro san Simon, Cerro de Enmedio | |
| Location: | Mexico | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 12/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2016: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Cerro san Simon, Cerro de Enmedio deposit at the Alacran project. Drilling results incl. 92.3m @ 0.20% Cu, 4g/t Ag from 175.5m. Azure Minerals Limited (ASX: AZS) (“Azu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tony Rovira (Internal) | |
| ABSTRACT: | Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that final assays have been received from drilling at the Cerro San Simon and Cerro de Enmedio prospects, with results demonstrating several significant intercepts of copper, gold and silver mineralisation. This is the final set of results from Azure’s drilling at Alacran, where future work programs will be determined in consultation with Minera Teck S.A. de C.V (“Teck”) following Teck’s decision to exercise its Back-in Right (refer ASX Announcement 19 December 2016). The Company completed six diamond core holes and one reverse circulation hole at the Cerro San Simon and Cerro de Enmedio prospects. These seven holes were designed to follow-up geophysical (Induced Polarisation) and geochemical anomalies identified by Azure’s exploration earlier in 2016. The identification of precious and base metal mineralisation hosted in vuggy silica and also the widespread presence of the alteration mineral alunite in both drilling and surface mapping and sampling, indicate that Cerro San Simon and Cerro de Enmedio are part of a large high sulphidation epithermal system that extends at least 1,500m northwest to the Loma Bonita and Mesa de Plata gold and silver deposits (see Figure 1). | |
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