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Azure Minerals Ltd.
Summary
| Project: | Alacran | |
|---|---|---|
| Deposit: | Mesa de Plata | |
| Location: | Mexico | |
| Commodities: | Silver | |
| Date: | 9/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-9-2016: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Mesa de Plata deposit at the Alacran project. Drilling results incl. 20.35m @ 1034g/t Ag from 14.15m. Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pl | |
| 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 provide an update on progress of development studies on the Mesa de Plata Silver Project, part of its flagship Alacrán Project, located in northern Mexico. The development drilling program at Mesa de Plata comprises large diameter (PQ-size – 85mm) diamond core and Reverse Circulation (RC) drilling with the purpose of: providing drill core for advanced metallurgical test work as well as detailed geotechnical and geological analysis; and infilling the sampling density of the existing drill pattern to increase the confidence level of the resource and enable an upgrade of the resource classification from JORC Indicated status to Measured status. Drilling is focused on the central portion of the deposit which contains approximately 95% of the high grade resource and 90% of the total resources. The RC infill drilling has recommenced at Mesa de Plata following the exploration program at Loma Bonita and is expected to be completed in October. The PQ core drilling, comprising eight holes for 506.35m, has been completed with assay results returning strong, coherent intersections of high grade silver mineralisation, thereby demonstrating excellent internal continuity of the High Grade Zone of the Mineral Resource (ASX: 9 May 2016). | |
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