• Approximately 5,000m of diamond drilling planned with 3 drill rigs operating
• High priority drill targets include Loma Bonita – Cerro San Simon and Cerro
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that project operator Minera Teck S.A. de C.V. (Teck), a 100% owned subsidiary of Canada’s largest diversified resource company, Teck Resources Limited, has commenced a drilling campaign on the Alacrán Project (“Alacrán” or “project”).
To date in 2017, Teck has conducted exploration comprising geological mapping, surface sampling and geophysical (Induced Polarisation (IP)) surveys, with most activities focused in the western half of the property. This work has identified two high priority targets (see Figure 1 for target locations) which warrant drilling. Three diamond drill rigs have now mobilised to site to drill about 5,000m.
One target is the extension of the Loma Bonita silver-gold deposit towards Cerro San Simon. This 1km long corridor has been identified by re-modelling and interpretation of Azure’s 2016 IP survey and coincident anomalous geochemistry from rock chip and soil sampling which suggests potential for epithermal mineralisation