Azure Minerals Ltd has reported that two diamond core rigs are drilling on its 100%-owned Oposura zinc-lead-silver project, located in the northern Mexican state of Sonora.
Azure’s first drilling programme at its flagship project is designed to enable the company to complete a Mineral Resource estimate by the end of March 2018.
Commenting on the drilling, Azure Managing Director, Tony Rovira, said: “This is a very exciting time for Azure. With drilling underway at Oposura, the Company now has six rigs turning on three different projects, delivering a continual news flow over the next few months.”
“Programmes range from first-pass drilling on the exciting Sara Alicia gold-cobalt prospect to the resource drill-out program at Oposura, as well as deep exploration drilling being undertaken at Alacrán by our partner Teck Resources,” Rovira added.
The Phase 1 drilling campaign will cover the area of known mineralisation as identified by historical exploration. It is anticipated that this resource drill-out will comprise about 120 holes on a 50 m x 50 m drill spacing, totalling approximately 7000 m.
Additional drilling will be undertaken to explore potential extensions and repetitions of the mineralised zone to the north and in the down-faulted block to the west.