Azure Minerals increases gold zone at Loma Bonita

/in /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has continued to receive good news from ongoing diamond and Reverse Circulation (RC) drilling at the company’s Alacrán project in Mexico.

The company said the drilling has delivered more intercepts of gold mineralisation at the Loma Bonita prospect extending the gold mineralised zone at Loma Bonita to a lateral extent of 400 metres by 150 metres remaining open in all directions.

The best of the recent drill hole intercepts from Loma Bonita include:

MDPC-089
49.5 metres at 1.59 grams per tonne gold and 29g/t silver from 54m, including 34.5m at 2.03g/t gold and 34g/t silver from 54m;

MDPC-090
111m at 0.81g/t gold and 18g/t silver from surface, including 30m at 1.56g/t gold and 15g/t silver from 34.5m;

MDPD-020
14m at 1.59g/t gold and 36g/t silver from surface, including 8.1m at 2.45g/t gold and 39g/t silver from 4m.

Azure said the gold mineralisation commences at or near surface and is hosted in a metallurgically favourable oxide zone.

The company has now completed exploration drilling at Mesa de Plata Norte, but is continuing at Loma Bonita, Cerro San Simon and Cerro Enmedio.

Drilling is continuing at Mesa de Plata as part of development studies.

“These latest drilling results are very positive and supportive of our belief that Loma Bonita could become a substantial gold deposit, particularly as the grades and thicknesses of the gold zone appear to increase significantly to the south,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Together with the ongoing development studies at Mesa de Plata, Loma Bonita is a very high priority for Azure and we’ll continue to keep the drills turning there.

“Meanwhile, our grass roots exploration program is continuing with a diamond rig now drilling further to the south of Loma Bonita at Cerro San Simon and Cerro Enmedio testing substantial geochemical and geophysical anomalies.”

Email: admin@azureminerals.com.au

Website: www.azureminerals.com.au

Source: Company announcement