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Azure Minerals Ltd.
Summary
| Project: | Alacran | |
|---|---|---|
| Deposit: | Loma Bonita | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 3/4/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2020: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Loma Bonita deposit at the Alacran project. Drilling results incl. 126.0m @ 1.96g/t Au, 26g/t Ag from 1.5m. Azure Minerals Limited (“Azure” or “the Company) (ASX: AZS) i | |
| Resources: | ||
| CP/QP: | [Overall Report]: Tony Rovira (Internal) | |
| ABSTRACT: | Azure Minerals Limited (“Azure” or “the Company) (ASX: AZS) is pleased to announce that drilling continues to intersect wide intervals of significant gold and silver mineralisation on its 100%-owned Alacrán Project in Sonora, Mexico. MINERAL RESOURCES Azure’s previous exploration on Alacrán discovered the Mesa de Plata silver deposit (refer Table 3 for Mineral Resource) and the adjacent Loma Bonita gold-silver deposit (refer Table 4 for Mineral Resource) (see Figures 1 & 2). These two deposits contain total mineral resources of: DRILL PROGRAM DETAILS The Reverse Circulation (RC) drilling program is being undertaken at the Loma Bonita gold-silver deposit for resource infill and extension, at Mesa de Plata to collect additional samples for advanced metallurgical testwork, and at several greenfields exploration targets. To date, 30 holes (MDPC-138 to MDPC-167) have been drilled for 2,851 metres. Gold, silver and base metal assays have been received up to hole MDPC-162. All significant gold and silver intersections received to date are listed in Table 1 and location details for all holes are contained in Table 2. LOMA BONITA DRILLING The Loma Bonita deposit, as defined by the current Mineral Resource, extends over 600 metres north-south, up to 200 metres east-west, and remains open for expansion. Mineralisation starts at surface and in places the true width/thickness of the mineralised zone exceeds 100 metres. | |
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