Azure Minerals Limited (ASX: AZS) – $0.020 (+5%)
19 Jan 2015
Azure Minerals Limited (ASX: AZS) has received assay results from its Alacrán Copper Project in Sonora, Mexico.
Assay results from sampling of the old Palo Seco and El Alacrán mines include:
- 9% Zn, 1.4% Pb, 0.5% Cu, 309g/t Ag and 1.5g/t Au
Polymetallic mineralisation outcrops along the Palo Seco to El Alacrán trend for approximately 1km.
Channel sampling across the breccia zone at Palo Seco returns 12 metres at 118g/t Ag (Figure 1).
Figure 1. Channel sampling at Palo Seco open cut mine in Mexico
Initial reconnaissance work comprised sampling of outcrop and mine dumps at the historical mine workings of Palo Seco to El Alacrán. These old mines were substantial underground operations and production ceased in 1913 due to turmoil during the Mexican Revolution. Operations have not recommenced since and no modern exploration has taken place in this area.
The company’s exploration program in 2015 will comprise of mapping, surface and underground mine sampling and geophysical (aeromagnetic, Induced Polarisation) surveys of the area.
Depending upon results from the first phase of exploration, the company anticipates to drill identified targets by mid-2015.
For further information, visit www.azureminerals.com.au
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