DRILLING UNDERWAY AT SARA ALICIA

http://azureminerals.com.au/wp-content/uploads/2017/10/1725799.pdf

KEY POINTS:
• Maiden drilling program starts with 5 holes planned for 450m
• High priority drill targets include old mine workings and outcrop containing
high grade gold and cobalt mineralisation
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that diamond drilling of the first hole of a five-hole program has started on its 100%-owned Sara Alicia goldcobalt project, located in the northern Mexican state of Sonora (see Figure 1).
High grade gold and cobalt mineralisation was historically exploited by small-scale underground mining in the 1930s. Azure’s first-pass sampling of surface and underground exposures confirmed the presence of this mineralised zone, returning high grades of gold and cobalt up to maximum values of 39g/t gold and 7% cobalt (see Photo 1 and refer ASX announcement of 23 August).
A reconnaissance drill program has been designed to test this zone with an initial five holes totalling approximately 450m of diamond core planned (see Figure 2 for hole locations). A followup drill program may be undertaken, depending upon initial results.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s