• Airborne magnetic, radiometric and electromagnetic geophysical surveying program completed
• Data processing and interpretation in progress
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that the first phase of airborne geophysical surveying program at Promontorio has been completed. This program is part of the Earn-In and Joint Venture Agreement (“the Agreement”) with Kennecott Exploration Mexico S.A. de C. V. (“Kennecott”), part of the Rio Tinto Group.
The helicopter-borne survey was designed to look beneath post-mineral volcanic rocks that cover most of the project area and to detect geophysical signatures indicative of large copper systems and near-surface epithermal and massive sulphide mineralisation hosted in the basement rocks.
The survey was carried out by independent geophysical contractor MPX Geophysics Ltd of Ontario, Canada. Detailed processing and interpretation of the data is currently being undertaken.
Several different styles of precious and base metal mineralisation have previously been identified at Promontorio, including high sulphidation epithermal, hydrothermal breccia and porphyry-hosted. Potential size of mineralisation ranges from large, bulk-tonnage resources to more modest-sized, high grade bodies, which bodes well for large scale, long-life mining operations. Azure will release further exploration results to the market as they become available.
Original Article and Figures: http://www.azureminerals.com.au/azs//assets/2015/07/150713-Promontorio-Geophysical-Survey-Completed.pdf