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Azure Minerals Ltd.
Summary
| Project: | Oposura | |
|---|---|---|
| Deposit: | Oposura | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 9/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2017: Azure Minerals Ltd. announces a Resource Estimation report for its Oposura deposit at the Oposura project. Initial Exploration target for project. Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to report that preparatio | |
| Resources: | (Exploration target): 2.5-3.0Mt @10-12% Zn+Pb | |
| CP/QP: | [Overall Report]: Tony Rovira (Internal) | |
| ABSTRACT: | Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to report that preparations for its first drilling program on the Oposura zinc-lead-silver project are complete and drilling will commence as soon as the Company has received the requisite permits, expected in early to mid-October. The proposed drilling plan comprises about 100 diamond core holes for approximately 5,000 metres. At least two, and possibly three, drill rigs will be mobilised to site in order to complete the program as quickly as possible. The Company plans to use this drilling data, plus historical information, to undertake a maiden mineral resource estimate in the first quarter of 2018. Drilling by previous explorers of 85 surface holes tested the mineralised zone over an area of approximately 1,400m (east-west) x 400m (north-south) (see Figure 1). Early drilling by Azure will twin some of these historical holes to assess whether they can be used in defining the deposit and estimating the mineral resource. A comprehensive review of historical drill results and technical reports generated by previous explorers, together with recent work undertaken by Azure, has enabled the Company to derive an initial Exploration Target. Azure has constrained the Exploration Target to the eastern half of the project area where zones of massive sulphide mineralisation outcrop extensively over an east-west strike length of approximately 1,400m and where historical drilling and exploratory underground mine development has demonstrated the presence and continuity of the mineralised zone. | |
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