Azure Minerals hits 129m copper intercept

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has received results from the first three drill holes from the company’s Cascada copper-gold-silver project, located in the state of Chihuahua, Mexico.

Azure has received assays from the first three holes of the program, which include an exceptional drill intercept of 129 metres at 2.9 per cent copper equivalent (CuEq), including a high-grade zone of 10m at 14 per cent CuEq.

Two of the holes (APR-DD-089 and 090) returned long widths of copper, gold and silver mineralisation, including some high-grade intervals while the third hole (APR-DD-088) intersected minor copper mineralisation within a gold-rich zone.

 

Cascada drill location plan with completed holes in green and planned holes in yellow. Source: Company announcement

 

“Not only have we hit a remarkable 129 metre long mineralised intercept in hole 089 grading 2.85 per cent CuEq, but hole 090 returned 70 metres at 1.9 per cent CuEq and hole 088 hit a gold-rich zone of 13 metres grading 2.1 g/t gold and 23 g/t silver,” Azure Minerals managing director Tony Rovira said in the company’s announcement tote Australian Securities Exchange.

“These are tremendous results for the first three holes drilled in this campaign.”

Individual samples returned assays up to 30.4 per cent copper, 9.2 grams per tonne gold and 658 grams per tonne silver.

Drill intercepts include:

APR-DD-088

–    12.7m at 1.95 per cent CuEq (0.38 per cent copper, 2.14g/t gold and 23g/t silver) from 79.3m, contained within a gold-rich zone of 23.7m at 1.49g/t gold and 16g/t silver from 72.30m.

APR-DD-089

–    128.95m at 2.85 per cent CuEq (1.95 per cent copper, 0.72g/t gold and 42g/t silver) from 41.2m, including an upper high-grade zone of 18.7m at 9.46 per cent CuEq (6.83 per cent copper, 1.02g/t gold and 180g/t silver) from 73.35m.

Includes an internal higher grade zone of:

–    10.03m at 14.3 per cent CuEq (10.2 per cent copper, 1.31g/t gold and 299g/t silver) from 76.07m

And a deeper high grade zone of:

–    30.95 at 3.05 per cent CuEq (2.16 per cent copper, 0.82g/t gold and 36g/t silver) from 123.35m

APR-DD-090

–    70.48m at 1.91 per cent CuEq (1.01 per cent copper, 1.09g/t gold and 22g/t silver) from 31.00m, including a higher grade zone of 10.16m at 3.97 per cent CuEq (3.26 per cent copper, 0.44g/t gold and 43g/t silver) from 85.55m.

“These exceptional drill results have delivered good widths of high grade copper, gold and silver mineralisation, with hole 089 returning a longer intercept at higher grades than the discovery hole 087.

“I believe these results confirm Cascada’s potential to host a significant body of copper mineralisation.

“Highlights are not only the widths of mineralisation intersected so far, but also the presence of high-grade copper in three of the four holes for which we have received assays.

“Combining this with the additional benefits of high grades of silver (up to 658g/t) and gold (up to 9.2g/t) makes Cascada a very exciting project indeed.

“We believe that, in addition to the already financially robust deposit we have defined at Promontorio, these Cascada results will lead to an increase in the project’s overall resource base and significantly enhance the economics of the project.