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Azure Minerals Ltd.
Summary
| Project: | Oposura | |
|---|---|---|
| Deposit: | Oposura West | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2018: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Oposura West deposit at the Oposura project. Drilling results incl. 10.85m @ 8.60% Zn, 5.79% Pb, 40.21g/t Ag from 101.50m. 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 the final assay results for its 100%-owned Oposura zinc-lead-silver project following the completion of the resource drill-out of the West Zone (refer Figure 1). A highlight of the latest assay results is the intersection of 10.85 metres @ 14.39% Zn+Pb in drill hole OPDH-142 located on the northeastern edge of the West Zone resource drilling pattern (refer Figure 2). There is currently no drilling immediately to the northeast of hole OPDH-142 providing an opportunity for additional mineralised extensions in this direction. The mineralisation intersected in OPDH-142 is situated at a depth of only 100m below surface, and it can be accessed with less than 200 metres of level mine development through mineralisation from where the mineralised zone outcrops. This highlights the advantages provided by the flat-lying nature of the mineralisation in both the East and West Zones at Oposura Confirmation of the presence of massive sulphide mineralisation within the upper Candelaria Formation provides an opportunity to identify and potentially exploit mineralisation additional to that which is typically hosted within the underlying Arenillas Formation. Drill hole OPDH-056 (refer Figure 3) intersected 2.8 metres at 19.0% Zn+Pb from a depth of 12.30 metres in the Candelaria formation as well as 3.7 metres at 15.59% Zn+Pb from 78.25 metres in the Arenillas formation. Furthermore, it has been confirmed that historical exploratory underground mine workings elsewhere on the Oposura property accessed only outcropping Candelaria-hosted mineralisation and did not exploit underlying Arenillas-hosted mineralised zones. This provides Azure with the opportunity to identify buried, Arenillas-hosted mineralisation with further drilling. Azure’s managing director Mr. Tony Rovira stated: “Pleasingly, assays from the final drilling into the West Zone continue to identify thick, high grade mineralisation, with potential extensions still to be tested by future drilling. Furthermore, confirmation of the presence of mineralisation within the overlying Candelaria Formation provides additional opportunities, particularly when this knowledge is combined with information from historical mining at Oposura that indicates that potential Arenillas-hosted mineralisation remains untested.” | |
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