FIRST DRILL RESULTS FROM NEW OPOSURA PROJECT DUE SHORTLY

http://www.asx.com.au/asxpdf/20170821/pdf/43lkg12t9b81fw.pdf

 

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that the planning and approvals process for its upcoming maiden drilling campaign on the newly-acquired Oposura Zinc-Lead-Silver Project (“Oposura”), located in the northern Mexican state of Sonora, is well advanced. Results from this drilling program will be used by Azure to complete a JORC mineral resource estimate for the project.

Meanwhile, assay results from a diamond drilling program undertaken recently by the previous owner are expected shortly. Significant sulphide mineralisation, including massive, banded and disseminated, was observed in most holes.

Prior to the settlement of the acquisition, the previous Oposura owner (Grupo Minero Puma; “Puma”) carried out a 16 hole, 994m diamond drilling program. Puma planned and supervised the drilling, including designing the hole targets, collar locations and orientations (see Figure 1 for hole locations and Table 1 for hole details). The Puma drilling was focused on the eastern end of the Oposura Main Zone and these holes will provide further valuable information on the deposit.

As part of the Company’s due diligence and to ensure that results conform to JORC 2012 guidelines, Azure’s technical team assumed responsibility for surveying, logging, core cutting, sampling and assaying of these drill holes. Samples for all 16 holes were submitted to Bureau Veritas Laboratories in Hermosillo, Mexico. Results are awaited and are expected to be received shortly.

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