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Oposura project boasts high-grade mineralisations, Azure Minerals has announced

Published by
Global Mining Review,

Azure Minerals Limited reports that assay results from diamond drilling confirms significant widths of high grade zinc-lead-silver mineralisation on its Mexican Oposura Project.

This comes as Azure prepares its first drilling programme to complete a JORC mineral resource estimate. Drilling is currently scheduled to commence in early October, provided the right permit is received and approved.

Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said: “These intercepts have confirmed the high-grade tenor of the mineralisation, and the significant widths of the overall mineralised zone are very positive for the mining studies currently underway. Visually we recognised large quantities of sphalerite and galena in the drill core and it’s very encouraging that the assay results have confirmed the presence of high metal grades.

“The planning and approvals process for our maiden drilling campaign is well advanced and I’m expecting drilling to commence in October. This drilling program is designed to enable Azure to complete a mineral resource estimate within the first quarter of 2018.”

Prior to the acquisition of Oposura, the previous owner completed a 16 hole, 994m diamond drilling programme. Puma planned and supervised the drilling, including designing the targets, collar locations and orientations of all holes. All of Puma’s drill holes are located within the easternmost part of the Oposura Main Zone.

In order to remain true to the JORC’s 2012 guidelines, the company’s technical team took responsibility of running the sampling and assaying of the drill holes.

Importantly, substantial widths of massive and banded sulphides were present in most holes and assaying confirmed that this mineralisation contains high zinc, lead and silver grades. All sulfide mineralisation is fresh and unoxidized irrespective of depth below surface. These factors support Azure’s conclusions, reached during the due diligence review of historical data, that Oposura has potential to host a substantial base metal deposit.

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