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Azure Minerals Ltd.
Summary
| Project: | Oposura | |
|---|---|---|
| Deposit: | Oposura | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 5/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2019: Azure Minerals Ltd. announces a Resource Estimation report for its Oposura deposit at the Oposura project. Updated mineral resource estimate at the project. “Metals prices, particularly zinc, have rebounded strongly since the completion of the S | |
| Resources: | (Resource, I+I): 3.1Mt @ 5.0% Zn, 2.7% Pb, 18g/t Ag | |
| CP/QP: | [Resources]: Alex Whishaw (CSA Global Pty Ltd.) | |
| ABSTRACT: | “Metals prices, particularly zinc, have rebounded strongly since the completion of the Scoping Study and with this strength in the zinc market, Oposura continues to present a strong case for development based upon the existing resources, with significant upside potential to further increase resources.” MINERAL RESOURCE SUMMARY This updated Mineral Resource is based upon the Phase 2 program of 58 diamond drill holes totalling 4,567m, in addition to the Phase 1 program of 173 holes totalling 11,109m. The Mineral Resource has been estimated and classified as Indicated and Inferred Mineral Resources in accordance with the guidelines of the JORC Code (2012)1 by CSA Global Pty Ltd (CSA Global), Perth, Western Australia. Mineral Resources have been reported at a cut-off grade of 1.5% Zinc Equivalent which is considered reasonable for various mining options being assessed in the mining study for the Pre-Feasibility Study (PFS), which is expected to be reported in Q3, 2019. Significantly, 85% of the contained metal within the Mineral Resource is now classified in the Indicated Mineral Resource category (refer Tables 1 & 2), providing confidence in the continuity of grade and widths of the mineralisation. | |
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