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Azure Minerals Ltd.
Summary
| Project: | Sara Alicia | |
|---|---|---|
| Deposit: | Sara Alicia | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 11/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-11-2017: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Sara Alicia deposit at the Sara Alicia project. Drilling results incl. 26.2m @ 8.6g/t Au, 1.261% Co from 0.6m. Azure Minerals Limited (ASX: AZSDA) (“Azure” or “the Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Rovira (Internal) | |
| ABSTRACT: | Azure Minerals Limited (ASX: AZSDA) (“Azure” or “the Company”) is very pleased to advise that significant high-grade gold and cobalt mineralisation has been intersected in the Company’s first drilling program on its 100%-owned Sara Alicia project, located in Sonora State, Mexico. Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said: “This maiden drilling campaign has exceeded our expectations and confirmed the presence of high-grade gold and cobalt mineralisation over significant widths. “The spectacular cobalt grades in hole DSA-03 are up there with the highest I’ve ever seen and, encouragingly, the mineralisation starts at surface and remains open in all directions. These wide, high-grade zones host strong gold mineralisation consistently assaying in the range of 10g/t to 60g/t and cobalt grading from 1% to 6%; see core photos on Page 2. “We believe there’s good potential for a high-value body of gold and cobalt mineralisation to be defined at Sara Alicia, and further exploration will be undertaken to identify the size potential.” Azure’s diamond drilling campaign, comprising six holes for 480m, tested around and beneath historical underground mine workings that exploited shoots of high-grade gold and cobalt mineralisation in the 1930s. To date, gold results have been received from all holes and cobalt assays from five holes (DSA-01 to DSA-04, DSA-06). Cobalt results from the remaining hole are expected within two weeks. See Figures 1 & 2 for cross sections and Figure 3 for hole locations. | |
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