THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has claimed discovery of a new zone of high-grade silver mineralisation to the north of the Mesa de Plata silver mineralised zone at the company’s Alacrán project in Mexico.
Azure has identified an area of 350m x 150m north of Mesa de Plata that remains open along strike to the north.
Sample No. Sample Length Sample Type Silver (g/t)
ALR-2569 4.5m Rock chip channel sample 1,902
ALR-2570 3.2m Rock chip channel sample 1,511
ALR-2568 2.7m Rock chip channel sample 698
ALR-2578 2.3m Rock chip channel sample 449
ALR-2572 3.5m Rock chip channel sample 323
ALR-2587 2.7m Rock chip channel sample 180
ALR-2603 2.5m Rock chip channel sample 154
ALR-2584 2.4m Rock chip channel sample 152
ALR-2577 3.7m Rock chip channel sample 133
Azure has completed a two-stage sampling program across these outcrops, collecting 56 rock chip channel samples, the majority of which returned high-grade silver assays (37 of 56 samples returned silver grades greater than 30g/t silver with 12 samples returning greater than 100g/t silver).
The company said it had been encouraged by silver mineralisation being present throughout the MDP Norte plateau adding the tenor of silver grades are higher than those returned from surface sampling of the nearby Mesa de Plata ridge.
“Our ongoing exploration activities throughout the Alacrán property continue to generate positive results for additional silver and gold prospects,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.
“In this case, sampling to the north of Mesa de Plata has returned some of the highest silver grades so far encountered at Alacrán.
“We’ve submitted permit applications and we’re looking forward to drilling this exciting prospect as soon as possible.”