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 completed its first drilling campaignon the Alacrán project (“Alacrán” or the “project”), located in the northern Mexican state of Sonora.
During the year following the December 2016 decision to exercise its right to earn back an ownership interest in the Alacrán project, Teck carried out exploration comprising geological mapping, surface geochemical sampling and geophysical (IP and CSAMT) surveys, with most activities focused in the western half of the property. This work confirmed two high priority targets (see Figure 1) which were tested by diamond drilling, with three rigs completing 11 holes totalling 4,905m.