Azure Minerals Extends Oposura Potential

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced completion of resource definition drilling of the known eastern mineralised zone (East Zone) at the company’s Oposura project, located in the northern Mexican state of Sonora.

Azure Minerals explained the drilling of the East Zone was part of a broader resource drill-out program at Oposura designed to delineate mineralisation previously identified by historical exploration.

The company has previously released results from the first 36 of the 76-hole East Zone resource drill-out program and samples from the remaining holes are currently being processed and assays will be released soon.

Azure now has drilling well advanced in the West Zone with 48 holes having been drilled to date with the resource drill-out expected to be completed within the next two weeks.

“The first batch of assay results from the West Zone is expected to be released shortly,” Azure Minerals said in its ASX announcement.

“Geological modelling and resource estimation has commenced with the maiden resource on-track to be completed in April 2018.

“This, along with other project development studies, will lead into the Scoping Study / Preliminary Economic Assessment, scheduled for the third quarter of 2018.”