THE DRILL SERGEANT: Azure Minerals (ASX: AZS) is set to commence a second diamond drilling campaign on the company’s 100 per cent-owned Sara Alicia gold-cobalt project in the northern Mexican state of Sonora.
Azure Minerals explained the drilling is being carried out to follow up on the company’s successful 2017 maiden drilling program, in which all six drill holes to be completed intersected high grades of gold and cobalt mineralisation at shallow depths.
The best intersection from Azure’s maiden drill program returned:
26.2 metres at 9.5 grams per tonne gold and 1.26 per cent cobalt from 0.60m depth, including 12.6m at 16.8g/t gold and 6.35m at 3.57 per cent cobalt.
“Our first drilling program at Sara Alicia returned one of the thickest and highest-grade cobalt drill intersections reported from anywhere in the world in 2017,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.
“Following this success, we accelerated exploration with surface geochemical and geophysical surveys to delineate the shape and potential size of the body hosting the high-grade gold and cobalt mineralisation.
“This was a very successful program and with these results now in, it looks like most, if not all, of the target body is hosted within our property.
“We’re confident that our next drilling program will identify significant amounts of additional gold and cobalt mineralisation.”