Axo Copper was the only company to present results during the week from drilling campaigns in Mexico.

The company released results from the Phase I drilling program at its La Huerta project in Jalisco. The presented intervals are from 2020 drilling by a previous company and 2023 drilling by Axo Copper, totaling 11,441 m. The project comprises two mining concessions covering 11,331 ha. According with the technical report, mineralization is of iron oxide copper  gold (IOCG) affinity:” Mineralization at the La Huerta Property is characterized by Cu-Fe sulphides (chalcopyrite and minor bornite), Cu oxides and abundant iron oxides (magnetite and specular hematite). Hydrothermal alteration is represented by sodic-calcic (albite, actinolite, epidote) and potassic (biotite, orthoclase) assemblages with minor chlorite, sericite and late calcite. These deposits occur closely associated with coeval Mesozoic intrusions as we observe in La Huerta (El Aguila Target and set of Aplite feeder dykes)”.

Axo Copper has initiated its 15,000 m phase II drill program, with one drill rig currently on site targeting La Huerta trend around Las Marias zone.  

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