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Azure Minerals Ltd.
Summary
| Project: | Sara Alicia | |
|---|---|---|
| Deposit: | Sara Alicia | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 12/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-12-2017: Azure Minerals Ltd. announces an Exploration/Drilling Update report for its Sara Alicia deposit at the Sara Alicia project. Re assay results incl. 26.2m @ 9.5g/t Au from 0.6m. Azure Minerals Limited (ASX: AZSDA) (“Azure” or “the Company”) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Rovira (Internal) | |
| ABSTRACT: | Azure Minerals Limited (ASX: AZSDA) (“Azure” or “the Company”) is pleased to inform that final assays have been received from the Company’s maiden drilling program and the recently announced ground magnetic survey has been completed on its 100%-owned high-grade gold and cobalt Sara Alicia project, located in Sonora State, Mexico. The Sara Alicia gold-cobalt mineralised zone contains abundant magnetite, causing a strong and identifiable magnetic signature to the body. This provides Azure with a significant opportunity to explore for extensions of the mineralisation by utilising geophysical techniques, and the Company has now completed a ground magnetic survey covering the project area. The magnetic data is currently undergoing processing and interpretation and is expected to provide valuable assistance with planning of future drilling to further assess the high-grade gold and cobalt zone and to identify additional zones of mineralisation. As part of its internal quality control procedures, Bureau Veritas Laboratories (BVL) observed an error in the gold value ofsample DH-17314 (hole DSA-03: 17.95m – 18.80m). This sample was reassayed, and BVL subsequently amended the gold result from 2.86g/t Au to 30.5g/t Au. This change increased the gold grade of the overall mineralised interval to 26.20m @ 9.50g/t Au (previously 8.60g/t Au), and the internal high-grade interval to 12.60m @ 16.80g/t Au (previously 14.90g/t Au). See core photos for individual sample grades of this high grade mineralised zone | |
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