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Azure Minerals Ltd.
Summary
| Project: | Alacran | |
|---|---|---|
| Deposit: | Loma Bonita | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 11/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2016: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Loma Bonita deposit at the Alacran project. Drilling results incl. 47.2m @ 2.79g/t Au, 33g/t Ag from 0m. Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) i | |
| 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 announce that after completing nearly 6,000m of drilling, it has commenced a mineral resource estimate for the Loma Bonita gold prospect, part of its flagship Alacrán gold and silver project in Mexico. It is expected that this study will be completed by the end of 2016. Recent reverse circulation (RC) drilling has returned further strong gold and silver results (see Table 1). These results confirm that significant gold and silver mineralisation is contained within a footprint of approximately 600m long (in a north-south direction) by 100m wide (east-west) in the northern and central parts and over 200m wide in the southern part of the mineralised zone (see Figure 3). Mineralisation remains open to the northwest and southeast. Additionally, in order to collect structural and geotechnical data, two diamond holes MDPD-036 & 037 were drilled into the core of the Loma Bonita zone, where the gold mineralisation is thickest and highest grade. These holes have been sampled and results will be reported when assays have been received. In total, 23 RC holes and 14 diamond core holes have been drilled at Loma Bonita, for approximately 3,455m and 2,467m respectively (see Figures 1 & 2). All data collected to date has been delivered to the Company’s resource consultants Amec Foster Wheeler of Perth Western Australia in order to undertake a mineral resource estimate. This is expected to be completed prior to the end of the year. | |
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