Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to report that
preparations for its first drilling program on the Oposura zinc-lead-silver project are complete and drilling will commence as soon as the Company has received the requisite permits, expected in early to mid-October.
The proposed drilling plan comprises about 100 diamond core holes for approximately 5,000 metres. At least two, and possibly three, drill rigs will be mobilised to site in order to complete the program as quickly as possible. The Company plans to use this drilling data, plus historical information, to undertake a maiden mineral resource estimate in the first quarter of 2018.
Drilling by previous explorers of 85 surface holes tested the mineralised zone over an area of approximately 1,400m (east-west) x 400m (north-south) (see Figure 1). Early drilling by Azure will twin some of these historical holes to assess whether they can be used in defining the deposit and estimating the mineral resource.