Azure Minerals completes Resource drilling at Mesa de Plata

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has completed the final round of reverse circulation (RC) drilling on the company’s Mesa de Plata silver deposit in Mexico.

Azure Minerals said the results have confirmed excellent continuity of high-grade silver mineralisation by intersecting sizeable widths of mineralisation, some containing very high silver grades, including:

MDPC-068
9.1 metres at 884 grams per tonne silver from 21.3;

MDPC-069
13.7m at 518g/t silver from 18.3m;

MDPC-074
19.38m at 288g/t silver from 4.6m;

MDPC-106
22.9m at 250g/t silver from 137.m;

MDPC-107
45.7m at 442g/t silver from 1.5m; and

MDPC-108
9.1m at 1029g/t silver from7.6m.

Azure Minerals said the assays received from this infill drilling program confirmed the widths and grades the company had identified in earlier drilling programs, and corroborated the initial interpretation of the presence and continuity of the high-grade silver mineralisation at Mesa de Plata.

The company indicated the new information will enable the Mineral Resource estimate for the High Grade Zone to be upgraded from Indicated to Measured status.

Resource modelling is currently underway and Azure expects to release an updated Mineral Resource estimate prior to year’s end.

“I’m very pleased to announce the completion of the infill drilling program at Mesa de Plata and the commencement of an updated Mineral Resource estimate,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Importantly, the results confirm the presence of thick zones of high-grade silver mineralisation, demonstrating strong continuity of width, grade and contained metal abundance, and substantiating interpretations from the earlier drilling.

“The new data will not only allow us to refine and improve our understanding of the silver deposit but will also increase our knowledge of the High Grade Zone and permit a resource upgrade of this zone, or a significant portion of it, to Measured status.

“The High Grade Zone presents a very attractive near-term development option and we’re currently investigating this possibility by undertaking feasibility study activities.”

Website: www.azureminerals.com.au