Azure Minerals hits further encouragement at Cascada

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has received more good news from recent drilling conducted at the company’s Promontorio copper-gold-silver project in the Mexican state of Chihuahua.

The drilling has returned high-grade copper extensions to the Cascada deposit while gold was encountered from drilling near the Cascada copper-gold-silver deposit.

 

Cascada drill hole location plan. Source: Company announcement

 

Two drill holes have both intersected wide zones of gold mineralisation, averaging up to 1.5 grams per tonne gold over 150 metres.

Azure said assays it has received from the first drill hole targeting the porphyry body have confirmed the presence of porphyry-hosted, strongly anomalous copper mineralisation throughout the lower 200m to the end of the hole, up to a maximum of 5.4 per cent copper.

Highlights of the recent drill program include:

APR-DD-111: 17.7 metres at 8.3 per cent copper equivalent (CuEq) from 120m;

APR-DD-111: 13.5m at 5 per cent CuEq from 53m; and

APR-DD-110: 7.3m at 5 per cent CuEq from 167m.

Wide zones of gold-rich mineralisation were also intersected, including:

APR-DD-111: 150m at 1.5g/t gold from 42m;

APR-DD-110: 153m at 1.1g/t gold from 22m to end of hole.

Azure also carried out an IP survey, which identified further buried gold targets west of Cascada.

“We continue to be very pleased with the drill results from our exploration at Cascada and the surrounding areas,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Intersecting 150 metres of 1.1 to 1.5 grams per tonne gold mineralisation doesn’t happen very often, and these intercepts indicate that Cascada may have potential to host a large gold deposit similar to the nearby Pinos Altos gold mine.

“In addition, the new intercepts of high-grade copper mineralisation continue to grow the central copper-gold-silver zone at Cascada.

“Drilling has yet to define the boundaries of the mineralisation to the north and west, and there continues to be potential for further expansions in these areas.

“Drilling of a copper-mineralised porphyry body containing many samples grading over one per cent copper is very exciting.

“To hit it with our first two holes augers well for further exploration success as our understanding of this large and complex system grows.”

While all this is happening, Rovira indicated the company also has new programs underway to further advance its Promontorio project.

“To further refine our exploration strategy and drill hole targeting, the company has commenced a detailed ground magnetics survey covering the project area, the metallurgical testwork program on the Cascada mineralisation is underway,” he said.

Email: admin@azureminerals.com.au

Website: www.azureminerals.com.au