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Azure Minerals Ltd.
Summary
| Project: | Alacran | |
|---|---|---|
| Deposit: | Mesa de Plata Norte | |
| Location: | Mexico | |
| Commodities: | Silver | |
| Date: | 9/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2016: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Mesa de Plata Norte deposit at the Alacran project. Drilling results incl. 6.2m @ 162g/t Ag from 0.0m. Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is p | |
| 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 report that the Company has received positive silver assays from diamond drilling at Mesa de Plata Norte, part of Azure’s flagship Alacrán Project. Six holes (MDPD-023, 024, 026, 027, 028 & 030) were drilled at Mesa de Plata Norte (see Figure 1) for a total of 300m. As reported previously (ASX: 25 August 2016), the first two holes drilled through approximately four to six metres of vuggy silica similar to that which occurs at Mesa de Plata before passing into the footwall unit of andesite volcanic rock. The final four holes intersected only the andesite. Unexpectedly, the upper part of the andesite footwall unit is moderately enriched in silver, possibly as a result of weathering processes and consequent remobilisation of the silver from the overlying, strongly mineralised vuggy silica. Although Azure believes there is limited potential for a silver deposit of significant size at Mesa de Plata Norte, these results indicate potential for silver mineralisation that could be additional to the existing Mesa de Plata mineral resource, especially as the mineralisation occurs at surface. Further drilling will test the area to the south of holes MDPD-023 and 024, towards the northern resource boundary of the Mesa de Plata deposit. | |
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