Azure identifies new copper zones at Alacran
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has claimed to have located extensive zones of visible copper mineralisation and historical mine workings at the La Morita prospect, located at the company’s Alacrán copper project in Mexico.
Apart from the La Morita mine workings, Azure said it has also recovered historical information from the archives of the Mexican Government, internal records of several mining companies, and research theses from various universities – all relating to previous exploration activities at Alacrán.
A subsequent review of this information by Azure has highlighted additional prospective areas of the project.
The review found:
Six historical mine workings at La Morita with visible outcropping copper mineralisation;
Prospectivity of Alacrán to host large copper deposits has been enhanced with technical data recovered from historical records and archives; and
A Government geophysical (IP) survey from 1981 identified strong anomalies around the La Morita mine workings, indicative of sulphide mineralisation at depth, with no follow-up exploration undertaken.
“Azure’s technical team in Mexico have been undertaking extensive research for historical Alacrán exploration data in archives of the Mexican Geological Survey, various mining companies and universities,” Azure Minerals said in its ASX announcement.
“This investigation has identified and retrieved technical reports and data, including aeromagnetic survey data and academic theses, some of which may not have been available to previous explorers of the property.”
Azure explained the research revealed an Induced Polarisation (IP) survey had been carried out over the western part of the Alacrán project area by the Mexican Geological Survey in 1981.
The company has been able to retrieve some of this data from Government archives.
The IP survey area included coverage over the old mine workings at the La Morita prospect, where a strong and coherent IP chargeability anomaly was identified beneath and extending for several hundred metres along strike from the La Morita mine workings.
Azure indicated a second adjacent IP anomaly to be present immediately to the east of La Morita, trending north-south over approximately three kilometres.
“These IP anomalies suggest the presence of buried sulphide mineralisation in this area, possibly associated with the La Morita mineralised zone,” Azure said.
“No drilling has been undertaken around La Morita or tested the IP anomalies.
“La Morita is a high priority target for the company’s first pass geophysical exploration program, and will be drill tested if the IP anomalism is confirmed.”
Email: admin@azureminerals.com.au
Website: www.azureminerals.com.au