THE DRILL SERGEANT: Azure Minerals (ASX: AZS) provided further encouraging results from resource definition drilling of the company’s Oposura project in Mexico.
Azure Minerals said it anticipates the initial mineral resource estimate to be ready in May and the release of a Scoping Study / Preliminary Economic Assessment expected in Q3 2018.
The company took rock chip samples of outcropping mineralisation at the West Zone, which returned individual grades up to 43.7 per cent zinc and 29.6 per cent lead, with combined grades up to 59.6 per cent zinc and lead (Zn+Pb).
Drilling along strike from this mineralised outcrop intersected high-grade zinc and lead sulphide mineralisation which extends at shallow depths over an area of more than 400 metres (east-west) by 400m (north-south), with evidence of internal continuity of the horizontal mineralised zone.
The mineralisation remains open to the north and east.
Some of the better mineralised intersections from the West Zone include:
2.4 metres at 15.5 per cent Zn+Pb in from 15.65m (lower zone);
7.4m at 15.9 per cent Zn+Pb in from 60.45m (lower zone);
2.8m at 19.0 per cent Zn+Pb in from 12.30m (newly identified upper zone);
3.7m at 15.6 per cent Zn+Pb in from 78.25m (lower zone);
3.5m at 13.2 per cent Zn+Pb in from 43.05m (lower zone); and
4.6m at 15.0 per cent Zn+Pb in from 56.05m (lower zone).
“With the mineralisation being mostly horizontal, the vertical height of the mineralised zone continues to be optimal for a simple room and pillar underground mining operation utilising industry-standard mechanised mining equipment,” Azure Minerals said in its ASX announcement.