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Azure Minerals Ltd.

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Summary

Project:

Alacran

Deposit:Loma Bonita
Location:Mexico
Commodities:Gold-Silver
Date:2/5/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:5-2-2020: 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, 26.0g/t Ag from 1.5m. Azure Minerals Limited (“Azure” or “the Company) (ASX: AZS)
Resources:
CP/QP:[Overall Report]: Tony Rovira (Internal)
ABSTRACT:Azure Minerals Limited (“Azure” or “the Company) (ASX: AZS) is pleased to announce that first assay results have been received from the mineral resource infill and extension drilling of the Loma Bonita gold-silver deposit, located at its 100%-owned Alacrán Project in Sonora, Mexico. The Reverse Circulation (RC) drilling program has, to date, completed ten holes (MDPC-138 to MDPC147) for a total of 1,259.5 metres and drilling is continuing. Gold, silver and base metal assays have been received for the first six holes. All significant gold and silver intersections are included in Table 1 and location details for all holes drilled to date are listed in Table 2. 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).

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