THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported further near-surface, high-grade zinc and lead drill results from the company’s Oposura project, located in the northern Mexican state of Sonora.
Azure Minerals said the latest high-grade zinc and lead results have extended the mineralisation previously reported at the project.
In 2017, Azure completed its first drilling campaign at Oposura, which entailed 72 diamond drill holes for 4,424 metres, the majority of which were focused on the Oposura East Zone.
2018 drilling has already commenced and is now being undertaken concurrently on both the East and West Zones.
Azure indicated further results are expected to be reported shortly.
The latest round of drill results has extended the high-grade mineralised zone to the south and west of previously reported near-surface, high-grade mineralisation in the East Zone, including:
16.62 metres at 14.09 per cent zinc and 7.95 per cent lead, including 9.32m at 23.89 per cent zinc and 13.03 per cent lead.
Drill holes OPDH-036, OPDH-023 and OPDH-026 extended this flat-lying, near-surface, high-grade mineralisation approximately 100m to the south of drill hole OPDH-008.
Mineralised intervals include:
2.05m at 21.33 per cent zinc and 21.23 per cent lead from 37.5m:
2.9m at 9.68 per cent zinc and 6.45 per cent lead from 18.9m; and
2.15m at 8.73 per cent zinc and 5.47 per cent lead from 15.2m.
Azure said the mineralisation remains open to the south and west of OPDH-036, OPDH-023 and OPDH-026 and further drilling is planned for this area.
“The latest results from the Oposura East Zone continue to be encouraging, with high grade zinc and lead mineralisation being consistently intersected, confirming the continuity of the near to surface, massive sulphide mineralised horizon,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.
“While drilling initially focused on the East Zone, drilling is now being conducted concurrently in both the East and West Zones, and results continue to be regularly received.
“The resource drill-out is proceeding smoothly and is on time to be completed in February, enabling a maiden mineral resource estimate to be released by April 2018.
“Further drilling to test possible resource extensions and additional exploration potential is in planning.”