Azure IP Survey identifies strong IP anomalies
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has completed a geophysical survey on the company’s Alacrán project, located in the northern Mexican state of Sonora.
This was the first modern IP survey to have been undertaken on the Alacrán project and Azure said it had provided a detailed, deep-looking coverage of the La Morita area.
The survey comprised ten, 200 metre-spaced east-west lines totalling 26 line kilometres, covering approximately five square kilometres.
According to Azure the survey identified a number of strong and well defined chargeability anomalies within the survey area, starting about 150m below surface and continuing to the maximum penetration depth of the IP survey (at least 400m below surface).
Three chargeability anomalies have been interpreted to represent substantial bodies of sulphide-rich mineralisation.
These are also associated with a deeper conductive body which is interpreted to be an intrusive.
One chargeability anomaly, identified as Zone C, lies beneath the La Morita mine workings where previous mapping and sampling conducted by Azure identified exposures of exotic copper and mixed copper sulphide mineralisation.
The company said this particular IP result supports its belief that zones of copper sulphide mineralisation may extend to depth beneath La Morita.
Azure indicated it intends testing that model by drilling in its upcoming program.
Two larger and stronger adjoining chargeability anomalies – identified as Zones A and B – were shown to extend in a north-south orientation for more than one kilometre.
Both zones come to within 150m to 200m of surface and are capped by a resistive surface layer, which Azure considers to likely represent intense silicification of the host rocks.
“We believe that Alacrán has the potential to host substantial mineral deposits, and the very positive results from this IP survey support this view by identifying strong anomalies that are interpreted to represent near-surface precious metal mineralisation and deeper porphyry copper mineralisation,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.
“When these results are combined with the geological and geochemical data gathered over the past six months, the prospectivity of the project is evident and numerous high-priority drill targets have been identified.
“I’m keen to start drill testing these anomalies as soon as possible, and I look forward to updating shareholders of further progress and results as they become available.”
Email: admin@azureminerals.com.au
Website: www.azureminerals.com.au