Azure Minerals drilling Cascada porphyry targets

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) is drilling again at the Cascada copper prospect, located within the company’s main Promontorio project in the state of Chihuahua, Mexico.

Azure said the first holes of the program will target extensions to the Cascada zone of high-grade copper-gold-silver mineralisation.

Previous drilling by Azure has identified a central mineralised zone with true widths up to 40m averaging +5% Copper Equivalent and peak grades of +40% Copper, surrounded by a lower grade copper-mineralised envelope.

 

Copper mineralised drill intercepts at Cascada deposit. Source: Company announcement

 

A recently completed Induced Polarisation (IP) geophysical survey identified two strong IP anomalies.

“Following on from the recent successful capital raising, we have recommenced drilling at Cascada where our most recent program returned exceptional copper, gold and silver intercepts,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“The areas around and beneath Cascada and the neighbouring Promontorio deposit are the centre of our exploration focus.

“We believe there is strong potential for a high-grade copper deposit at Cascada, and in addition the recent identification of porphyry copper targets by an IP survey gives us the possibility of large copper bodies at depth.”

A near-surface anomaly is situated adjacent to and beneath the Cascada mineralisation and a large, deeper anomaly lies beneath both Cascada and the Promontorio deposit.

Azure explained the Induced Polarisation (IP) geophysical survey had identified a shallow IP anomaly adjacent to Cascada extends from surface to join with the deeper anomaly at about 300m below surface.

The deeper IP anomaly is believed to represent a porphyry body which to date is completely untested by drilling.

The survey’s resistivity responses indicate the presence of several highly-resistive zones which are likely to represent areas of intense silicification.

Azure has designed the upcoming drilling to test around and beneath the known mineralisation at Cascada with the aim of expanding the mineralised zone and enable a Mineral Resource to be estimated for this deposit

It also hopes to interpret a feeder zone connecting Cascada and the buried porphyry body.

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