THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has identified areas of strong zinc and lead anomalism and high-grade gold, silver and base metal mineralisation during regional exploration program over the western half of the company’s Oposura project in mexico.
Azure Minerals said the areas were identified on the Mina Blanca Ranch prospect within the Oposura project area.
The company explained it is planning to drill at Mina Blanca Ranch following the completion of the Oposura resource drill-out and upon receipt of the required approvals.
Azure has interpreted the results from this early-stage exploration to indicate that additional precious and base metal mineralisation may be present within the western part of the Oposura property and further exploration, including drilling, is warranted.
When the Oposura resource drill-out has been completed, Azure will shift to an expansionary phase to test for repetitions and extensions of the high-grade Oposura massive sulphide deposit, and to explore for new styles of mineralisation like it has identified at Mina Blanca.
“Azure has undertaken the first modern exploration on the Mina Blanca Ranch in the western part of the Oposura property, and the systematic and technical approach is delivering positive results,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.
“This is obviously a strongly mineralised district, with our geochemical surveys identifying several anomalies with potential for zinc and lead mineralisation close to the Oposura resource area.
“Additionally, the high-grade gold, silver and base metal values returned from a sample collected from the historical Mina Blanca mine provides extra encouragement for structurally controlled mineralisation.”