Mexican-focused Azure Minerals Limited (Azure or the Company) is pleased to advise that the Company is now in receipt of all assay results from the latest drilling program at its Promontorio Project, located in the Mexican state of Chihuahua.
Results include a 70.0 metre intersection of strong copper mineralisation at Cascada, Azures largest copper intercept in Mexico, with additional good copper intersections at a newly identified prospect Risco Dorado.
· 0.0m @ 2.7% Copper Equivalent (CuEq1) at Cascada 200m
northwest of Promontorio (see Figures 1 & 2)
o 35.9m @ 4.8% CuEq
which also includes
o 11.25m @ 10.5% CuEq
· Significant copper intersection also made at the newly identified Risco Dorado 600m northwest of Promontorio – (see Figure 1)
· Promontorio drilling delivered multiple intercepts of economically significant mineralisation, confirming potential for resource expansion (see Figure 3)
· JORC resource update on track for early Q2 2013
Commenting on the results of the drilling program, Azures Managing Director, Mr Tony Rovira, said, Im absolutely thrilled with the results received from the latest Promontorio drilling program. Good widths of high grade copper, gold and silver mineralisation from areas untested by previous exploration confirm potential to increase the projects resource base.
The highlights of the drilling are the intersections we made as part of the wider exploration program. The exceptional copper intercept at Cascada is Azures best to date within the whole project area, and indicates strong potential for another significant body of copper mineralisation adjacent to Promontorio.
Furthermore, drill intercepts at the newly named Risco Dorado (Golden Cliff) prospect are promising and augur well for further exploration successes in that area.
These exploration results add considerably to the overall potential of our project.
A total of 33 diamond core holes were drilled for 3,588 metres. Thirty one holes were drilled as part of the resource expansion program at the Promontorio deposit, with the final two holes drilled as part of a wider exploration program to test the Cascada and Risco Dorado prospects. See Figure 1 for locations.