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Azure Minerals Ltd.
Summary
| Project: | Oposura | |
|---|---|---|
| Deposit: | Oposura East | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 5/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-5-2018: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Oposura East deposit at the Oposura project. Drilling results incl. 12.25m @ 12.38% Zn, 3.90% Pb, 79.65g/t Ag from 55.70m. 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 announce it has started the mineral resource estimate for its flagship, 100%-owned Oposura zinc-lead-silver project following receipt of final assay results from the resource drill-out of the East Zone (refer Figure 1). A large zone of thick, high-grade mineralisation, with an overall average grade approaching 20% combined Zn+Pb, has been confirmed adjacent to and extending north and south of the existing underground exploratory mine workings of Tunnel D (refer Figure 2). These zinc-rich intersections include: The weighted average thickness and grade of the intersections within this high-grade zone are 5.8m at 19.2% Zn+Pb (13.7% Zn and 5.5% Pb), which is a thickness (height) suitable for mechanised underground mining. Azure is investigating early exploitation of this high-value mineralised zone. Azure’s managing director Mr. Tony Rovira stated: “It is pleasing that the assay results from the final drilling into the East Zone at Oposura identified additional high-grade mineralisation close to the existing underground mine tunnels. The extra drilling that the Company undertook into the East Zone has also significantly improved our understanding of the geometry of the deposit, enabling more detailed mine planning to be undertaken. These results provide the Company with scheduling optionality for early stage open pit and/or underground mining.” | |
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