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Azure Minerals Ltd.
Summary
| Project: | Oposura | |
|---|---|---|
| Deposit: | Oposura | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 9/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2017: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Oposura deposit at the Oposura project. Drilling results incl. 9.3m @ 7.92% Zn, 3.45% Pb, 0.4% Cu, 32.1g/t Ag from 29.6m. Azure Minerals Limited (ASX: AZS) (“Azure” or “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Rovira (Internal) | |
| ABSTRACT: | Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to report that assay results from diamond drilling have confirmed significant widths of high grade zinc-lead-silver mineralisation on its newly-acquired Oposura Project (“Oposura”), located in the northern Mexican state of Sonora. The latest news, from drilling undertaken by the previous owners, comes as Azure is preparing its maiden drilling campaign that will be used to complete a JORC mineral resource estimate. Drilling is scheduled to start in October following permit approval. Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said, “These intercepts have confirmed the high-grade tenor of the mineralisation, and the significant widths of the overall mineralised zone are very positive for the mining studies currently underway. Visually we recognised large quantities of sphalerite and galena in the drill core and it’s very encouraging that the assay results have confirmed the presence of high metal grades. “The planning and approvals process for our maiden drilling campaign is well advanced and I’m expecting drilling to commence in October. This drilling program is designed to enable Azure to complete a mineral resource estimate within the first quarter of 2018.” Prior to the acquisition of Oposura, the previous owner (Grupo Minero Puma; “Puma”) completed a 16 hole, 994m diamond drilling program. Puma planned and supervised the drilling, including designing the targets, collar locations and orientations of all holes(see Figures 1 & 2 for locations and Tablesfor details). All of Puma’s drill holes are located within the easternmost part of the Oposura Main Zone. | |
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