Azure Minerals identifies new high-grade Silver zone

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has gathered high-grade silver assays and strongly anomalous gold and base metal values from recent reconnaissance sampling carried out at Palo Seco Sur, part of the company’s Alacrán project in Mexico.

Palo Seco Sur is a previously untested zone located 750 metres south of the historical Palo Seco Mine.

The company released numbers from the first sampling at Palo Seco Sur, which has returned high-grade silver and anomalous gold assays, including:

ALR-2917
1,119 grams per tonne silver and 1.107g/t gold;

ALR-2919
782g/t silver and 0.449g/t gold;

ALR-2915
628g/t silver and 0.729g/t gold;

ALR-2923
356g/t silver and 0.074g/t gold;

ALR-2922
300g/t silver and 1.267g/t gold;

ALR-2916
245g/t silver and 0.581g/t gold; and

ALR-2924
215g/t silver and 0.463g/t gold.

Azure explained the Palo Seco Sur area has hosted several historical mine workings, which exploited a north-south linear structure containing silicified and brecciated volcanic rocks.

According to the company, the recent sampling returned assays ranging from high-grade to strongly anomalous silver, gold, zinc and lead, which it considers to confirm the Palo Seco trend may extend along strike for at least 1,500m and be prospective for precious and base metal mineralisation.

“Palo Seco was the first area that we tested when we started exploring Alacrán due to the presence of several historical mine workings,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“We’ve returned because of the potential size of the mineralised system and its obvious prospectivity for hosting significant precious and base metal mineralisation.

“The latest sampling results are very positive and I’m hopeful that future drilling may add Palo Seco to our list of mineral discoveries, joining the Mesa de Plata silver deposit and the gold-silver mineralisation at Loma Bonita.”

Email: admin@azureminerals.com.au

Website: www.azureminerals.com.au