Azure Completes Oposura Resource Drill-Out

THICK, HIGH-GRADE DRILL INTERSECTIONS FROM EAST ZONE

HIGHLIGHTS:

Oposura resource drill-out program (East and West Zones) completed
156 holes completed for 10,006m; to date assay results received for 92 holes
Azure has received further impressive assay results from the East Zone, including:
- 5.5m @ 20.9% Zn+Pb in OPDH-053
- 9.6m @ 18.2% Zn+Pb in OPDH-059
- 7.2m @ 13.9% Zn+Pb in OPDH-067
- 3.4m @ 19.3% Zn+Pb in OPDH-072
- 7.4m @ 17.0% Zn+Pb in OPDH-077
- 5.4m @ 16.0% Zn+Pb in OPDH-087
Scoping Study / PEA remain on track for delivery in Q3 2018

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce further high-grade zinc and lead assay results from its now-completed resource definition drilling program at the Company’s flagship Oposura Project (refer Figure 1).

The latest batch of assays are from the East Zone and include thick intervals of high grade zinc and lead sulphide mineralisation. Mineralisation commences in surface outcrop and extends horizontally at shallow depths over an area of approximately 400m (east-west) by 300m (northsouth) (refer Figure 2), and the mineralised zone remains unconstrained to the north and west.

Some of the more impressive East Zone mineralised intersections from the latest results include:

5.5m @ 20.9% Zn+Pb in OPDH-053 from 95.15m
9.6m @ 18.2% Zn+Pb in OPDH-059 from 50.60m
7.2m @ 13.9% Zn+Pb in OPDH-067 from 41.70m
3.4m @ 19.3% Zn+Pb in OPDH-072 from 13.05m
7.4m @ 17.0% Zn+Pb in OPDH-077 from 38.85m
5.4m @ 16.0% Zn+Pb in OPDH-087 from 00.00m

The East Zone mineralisation is mostly horizontal and displays significant vertical height, which is expected to simplify the mining process. The near-surface mineralisation within the eastern and southern areas islikely to be mined by open pit and, where the terrain rises to the west and north (refer Figure 3), underground mining is expected to be carried out using a simple room and pillar mining method utilising industry-standard mechanised mining equipment.

The resource drill-out program for both the East Zone and West Zone has now been completed and a summary of drilling is shown in Table 1

TABLE 1: Summary of drill holes completed at Oposura

Figure 2: Oposura East Zone drill hole locations

Figure 3: Photo of Oposura East Zone (looking west) showing entrance to Tunnel D. Outcropping mineralised zone is on same topographic level as the tunnel entrance

TABLE 2: Significant mineralised drill intersections from Oposura East Zone (since the previous ASX announcement dated 16 January 2018)

Table 3: Location data for holes drilled in the Oposura East Zone (since the previous ASX announcement dated 16 January 2018)

-ENDS-

For enquiries, please contact:

Tony Rovira

Managing Director

Azure Minerals Limited

Ph: +61 8 9481 2555

Media & Investor Relations

Michael Weir / Cameron Gilenko

Citadel-MAGNUS

Ph: +61 8 6160 4903

or visit www.azureminerals.com.au

Competent Person Statements:

Information in this report that relates to Exploration Results for the Oposura Project is based on information compiled by Mr Tony Rovira, who is a Member of The Australasian Institute of Mining and Metallurgy and fairly represents this information. Mr Rovira has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rovira is a full-time employee and Managing Director of Azure Minerals Limited and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Original Article: http://azureminerals.com.au/wp-content/uploads/2018/03/180328.pdf

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