THE DRILL SERGEANT: Azure Minerals (ASX: AZSDA) shouted from the rooftops to report it had encountered high-grade gold and cobalt mineralisation in the company’s first drilling program on its 100 per cent-owned Sara Alicia project, located in Sonora State, Mexico.
Azure Minerals said it had intersected a wide zone of near-surface, high-grade gold and cobalt mineralisation.
The company indicated the mineralised zone to be open in all directions.
The best gold intercept encountered was:
26.2 metres at 8.6 grams per tonne gold, including 12.6m at 14.9g/t gold.
The company claimed the drilling returned other, numerous high-grade gold assays, including: 66.2g/t gold, 33.9g/t gold, 28.1g/t gold, and 25.7g/t gold.
The best cobalt intercept came in at:
26.2m at 1.26 per cent cobalt, including 6.35m at 3.57 per cent cobalt.
Other high-grade cobalt assays, included 6.62 per cent cobalt, 4.24 per cent cobalt, 4.04 per cent cobalt, and 3.06 per cent cobalt.
“This maiden drilling campaign has exceeded our expectations and confirmed the presence of high-grade gold and cobalt mineralisation over significant widths,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.
“The spectacular cobalt grades in hole DSA-03 are up there with the highest I’ve ever seen and, encouragingly, the mineralisation starts at surface and remains open in all directions.
“These wide, high-grade zones host strong gold mineralisation consistently assaying in the range of 10 grams per tonne to 60 grams per tonne and cobalt grading from one per cent to six per cent.
“We believe there’s good potential for a high-value body of gold and cobalt mineralisation to be defined at Sara Alicia, and further exploration will be undertaken to identify the size potential.”