THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced first assay results from mineral resource infill and extension drilling of the Loma Bonita gold-silver deposit, located at the company’s 100 per cent-owned Alacrán project in Sonora, Mexico.
Azure Minerals encountered some hefty intersections of gold mineralisation over substantial widths commencing close to surface with highlights including:
Mineral Resource infill drilling:
126 metres at 2 grams per tonne gold from 1.5m, including 64.5m at 2.8g/t gold, including 34.5m at 3.9g/t gold.
Mineral Resource expansion drilling:
36m at 1g/t gold from 12m.
To date the company has completed 10 Reverse Circulation (RC) holes, from which it has received gold, silver and base metal assays for the first six holes.
Azure’s previous exploration on Alacrán discovered the Mesa de Plata silver deposit and the adjacent Loma Bonita gold-silver deposit.
These two deposits contain total resources of:
Mesa de Plata:
10.5 million tonnes at 82g/t silver for 27.4 million ounces silver
This includes an at-surface high-grade resource of:
1.8 million tonnes at 275g/t silver for 15.5 million ounces silver
5.4 million tonnes at 0.9g/t gold and 28g/t silver for 150,000 ounces gold and 4.8 million ounces silver.
“The Loma Bonita deposit, as defined by the current Mineral Resource, extends over 600 metres north-south, up to 200 metres east-west, and remains open to the north, east and south,” Azure Minerals said in its ASX announcement.
“Mineralisation starts at surface and in places the true width/thickness of the mineralised zone exceeds 100 metres.
“Resource infill drilling is being undertaken to improve definition of internal high-grade zones and obtain samples for additional metallurgical testwork, while resource expansion drilling is stepping out from the eastern resource boundary to increase the resource size.”