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Azure Minerals Ltd.
Summary
| Project: | Oposura | |
|---|---|---|
| Deposit: | Oposura West | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 7/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2018: Azure Minerals Ltd. announces a Resource Estimation report for its Oposura West deposit at the Oposura project. Initial mineral resource estimate at Oposura. Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to report the i | |
| Resources: | (Resource, I+I): 2.9Mt @ 5.0% Zn, 2.8% Pb, 17.0g/t Ag | |
| CP/QP: | [Resources]: Neal Reynolds, Matthew Cobb (CSA Global Pty Ltd.) | |
| ABSTRACT: | Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to report the initial Mineral Resource estimate for its 100%-owned Oposura zinc-lead-silver project (“Oposura”) located (see Figure 1) in Sonora, Mexico Azure’s Managing Director, Mr Tony Rovira, commented: “This initial Oposura Mineral Resource is a very positive outcome for the Company’s development and production strategy. Containing over 220,000 tonnes of zinc and lead and 1.6 million ounces of silver in near-surface, high-grade mineralised zones, Oposura is presenting a strong case for mine development. “Open pit and underground mine planning and scheduling are now underway. The schedules will be used to optimise the proposed plant throughput rate and finalise the capital and operating cost estimates. Further information on the results of these studies will become available during the third quarter of 2018. “Since acquiring Oposura less than a year ago, the Company has significantly advanced and derisked the project. Potential risks that have been positively addressed include the Mineral Resource, metallurgical performance and process route, concentrate marketing and transport, environmental baseline studies and access to infrastructure. | |
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