Proactiveinvestors Australia Azure Minerals Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Azure Minerals Ltd RSS feed en Thu, 20 Jun 2019 21:32:05 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Azure Minerals intersects high-grade base metals at Oposura project in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/207731/azure-minerals-intersects-high-grade-base-metals-at-oposura-project-in-mexico-207731.html Azure Minerals Ltd (ASX:AZS) has intersected high-grade zinc, lead and silver mineralisation in drilling at its Oposura project in Mexico.

The results come from the middle of the project’s central zone which is more than 200 metres from the east and west zone resource boundaries.

This confirms the potential for Azure to expand the current Oposura mineral resource into this previously under-explored area.

READ: Azure Minerals delivers initial base metals resource at Mexican project

Azure managing director Tony Rovira said: “These latest, high-grade, massive sulphide drill intersections from the sparsely drilled central zone confirm that this area has the potential to significantly increase Oposura’s resource base.

“They continue to build on the very positive results from the Oposura scoping study and confirm potential to extend the mine life and further improve the already impressive project economics.”

High-grade mineralisation extends across zones

Highlighted assays from the central zone include: 12 metres at 7.7% zinc-lead from 44 metres, including 4.1 metres at 12.5%; and 9.5 metres at 18.9% zinc-lead from 23.05 metres, including 6.2 metres at 26.6%.

Drilling also extended mineralisation from the east zone into the central zone.

Intersections from this area include: 4.8 metres at 19.3% zinc-lead and 122 g/t silver from 107.05 metres; 4.4 metres at 20.4% zinc-lead and 294 g/t silver from 99.05 metres; and 4.6 metres at 36.9% zinc-lead and 138 g/t silver from 107.55 metres.

Expected to improve project economics

Azure announced the results of its Oposura scoping study last week, which identified a mine life of 5.3 years underpinned by low-cost mining of near-surface high-grade mineralisation.

Given the central zone assays are of similar grade and near-to-surface, they are expected to increase the project’s mineral resource, extend the current mine life of 5.3 years and improve the project’s overall economics.

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Wed, 24 Oct 2018 03:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207731/azure-minerals-intersects-high-grade-base-metals-at-oposura-project-in-mexico-207731.html
<![CDATA[News - Azure Minerals delivers initial base metals resource at Mexican project ]]> https://www.proactiveinvestors.com.au/companies/news/200111/azure-minerals-delivers-initial-base-metals-resource-at-mexican-project-200111.html Azure Minerals Ltd (ASX:AZS) has posted the initial mineral resource for its Oposura Zinc-Lead-Silver Project in Mexico.

The resource estimate is 2.9 million tonnes at 5% zinc, 2.8% lead and 17 g/t silver, containing 146,000 tonnes of zinc, 82,000 tonnes of lead and 1.6 million ounces of silver.

It is based on 173 diamond drill holes totalling over 11 kilometres, of which Azure drilled 157.

Multiple open cut and underground options

The mineral resource remains open for extensions and further drilling is planned for 2018.

Its near surface mineralisation is favourable for potential extraction using a combination of conventional open pit and underground mining techniques.

Various mining options are being assessed in a mining study for the preliminary economic assessment, which the company expects to complete in September.

“A positive outcome”

Azure managing director Tony Rovira said the mineral resource was a very positive outcome for the company’s development and production strategy.

“[With] near-surface, high-grade mineralised zones, Oposura is presenting a strong case for mine development,” Rovira commented.

“Since acquiring Oposura less than a year ago, the company has significantly advanced and de-risked the project.

“Potential risks that have been positively addressed include the mineral resource, metallurgical performance and process route, concentrate marketing and transport, environmental baseline studies and access to infrastructure.”

Planning and scheduling

Rovira said: “Open pit and underground mine planning and scheduling are now underway.

“The schedules will be used to optimise the proposed plant throughput rate and finalise the capital and operating cost estimates.

“Further information on the results of these studies will become available during the third quarter of 2018,” he said.

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Wed, 04 Jul 2018 03:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200111/azure-minerals-delivers-initial-base-metals-resource-at-mexican-project-200111.html
<![CDATA[News - Azure Minerals has results on the table from Sara Alicia ]]> https://www.proactiveinvestors.com.au/companies/news/187729/azure-minerals-has-results-on-the-table-from-sara-alicia-187729.html Azure Minerals Ltd (ASX:AZS) is preparing to reveal details from the Sara Alicia Project in Mexico, which is focussed on gold and copper.

Previous assays include: 39.0g/t gold and 6.94% cobalt.

Azure is currently trading on a deferred status as AZSDA while undergoing a 20 to 1 share consolidation.

The ASX has granted Azure a trading halt to prepare the news.

The halt will remain in place until the opening of trade on Tuesday 28th November 2017, or earlier if an announcement is made to the market.

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Fri, 24 Nov 2017 10:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187729/azure-minerals-has-results-on-the-table-from-sara-alicia-187729.html
<![CDATA[News - Azure Minerals' shares rise as it prepares to drill at two projects in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/185304/azure-minerals-shares-rise-as-it-prepares-to-drill-at-two-projects-in-mexico-185304.html Azure Minerals Limited (ASX:AZS) is about to start drilling campaigns on both its new flagship Oposura zinc-lead-silver and the Sara Alicia gold-cobalt projects in the northern Mexican state of Sonora.

The company’s shares were trading circa 8% higher intra-day, at $0.014.

The projects, both recently added to Azure’s Mexican portfolio, have received all required approvals from the environmental authorities and drilling is expected to start within a week.

Azure’s drilling program at the Oposura zinc-lead-silver project is designed to define a resource towards the end of March 2018.

The drilling will cover an area of 1,400 metres x 400 metres to confirm the extent of the mineralised zone, as defined by historical exploration.

It is anticipated that about 120 holes will be drilled, totalling circa 7,000 metres, with an average depth of circa 60 metres.

Additional drilling will also be undertaken to explore potential extensions further to the north of the currently known mineralised zone.

Based upon historical exploration reports, Azure has an exploration target of 2.5 - 3.0 million tonnes grading 10% - 12% zinc+lead at Oposura.

Azure’s accelerated exploration program on the recently acquired Sara Alicia project has seen geological mapping, rock chip channel sampling, gridded soil sampling, and initial target identification completed.

Importantly, high grades of gold and cobalt were returned from the channel sampling, up to maximum values of 39 g/t gold and 7% cobalt.

Azure has identified a zone of high grade gold and cobalt mineralisation that is present at surface and in underground mine workings.

A first-pass reconnaissance drill program has been designed to test this zone with 5-6 holes totalling circa 450-500 metres of diamond core.

Further drilling may be undertaken, depending upon initial results.

The drill rig is currently being mobilised to site and drilling is expected to commence this week.

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Tue, 10 Oct 2017 11:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185304/azure-minerals-shares-rise-as-it-prepares-to-drill-at-two-projects-in-mexico-185304.html
<![CDATA[News - Azure Minerals identifies gold, cobalt opportunity in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/182833/azure-minerals-identifies-gold-cobalt-opportunity-in-mexico-182833.html Azure Minerals Limited (ASX:AZS) has strengthened its Mexican exploration portfolio with the purchase of the Sara Alicia gold-cobalt project in the northern state of Sonora.

Sara Alicia is located on the western flank of the Sierra Madre Occidental mining province which hosts major operating gold, silver and copper mines.

Historically, Sara Alicia was a small-scale producer of gold and cobalt in the 1930s from an underground mining operation.

The mineral concession covers nine hectares and contains historical mine workings and observed exposures of outcropping gold-cobalt mineralisation.

Azure has already carried out reconnaissance mapping and sampling within the Sara Alicia concession and in the surrounding district.

Sampling of outcrops, mine dumps and old mine workings returned many significant assay results, including grades of up to 6.94% cobalt and 39 g/t gold.

Azure’s forthcoming exploration program will start with the surveying of the old mine workings, geophysical surveys and detailed geological mapping and sampling.

This will be followed up by drilling to test identified targets. Azure’s first field activities have already commenced.

The company has made a payment of US$125,000 to the previous owners, a local Mexican family who had held title to the Sara Alicia mineral concession since the 1930s.

A further and final payment of US$125,000 will be made to the family upon the project achieving commercial production.

Importantly, no royalties are payable over future mineral production and there are no back-in, earn-back or other rights.

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Wed, 23 Aug 2017 10:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182833/azure-minerals-identifies-gold-cobalt-opportunity-in-mexico-182833.html
<![CDATA[News - Azure Minerals acquires high-grade zinc-lead-silver project in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/182491/azure-minerals-acquires-high-grade-zinc-lead-silver-project-in-mexico-182491.html Azure Minerals (ASX:AZS) has acquired the high-grade Oposura zinc-lead-silver project located in the northern Mexican state of Sonora.

Oposura comprises an overall mineralised zone hosting massive sulphides containing zinc, lead and silver mineralisation in an interbedded sequence of limestones and volcanic tuffs.

Significantly, extensive channel sampling of the massive sulphide zones has confirmed high grades of zinc, lead and silver, with assays returning greater than 10% zinc, 10% lead and 40 g/t silver.

Separate samples returned maximum values of 49.6% zinc, 34.1% lead and 448 g/t silver.

Moreover, the project demonstrates potential extensions of the mineralised zones further to the north and repetitions of the mineralisation to the west.

Azure executed the deal for a payment of US$1.5 million and a net smelter return royalty of 2.5% on future production payable to the vendor Grupo Minero Puma, a private Mexican family company.

Azure has commenced an intensive work program to determine the economic potential of Oposura as quickly as possible and has commenced mapping and sampling the entire project area.

Interestingly, Azure’s share price went up by circa 15% in the past one week, closing at $0.015 on Tuesday.

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Wed, 16 Aug 2017 09:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182491/azure-minerals-acquires-high-grade-zinc-lead-silver-project-in-mexico-182491.html
<![CDATA[News - Azure Minerals updates on Promontorio Project ]]> https://www.proactiveinvestors.com.au/companies/news/171571/azure-minerals-updates-on-promontorio-project-171571.html Azure retains 100% ownership and has resumed control of all activities.

Tony Rovira, managing director for Azure, commented:

"We believe that the extensive exploration conducted by Kennecott over the last two years, at no cost to Azure, has significantly advanced the project and has provided an outstanding set of data on which future programs will be based.

"Kennecott’s drilling confirmed the Project hosts a large, well-developed copper-mineralised porphyry system.

"All drilling to date has been focused in the centre of the project area which contains the Promontorio and Cascada copper-gold-silver deposits.

"However the majority of the property is covered by post-mineral volcanic rocks and remains relatively unexplored.

"We look forward to getting back on the ground and applying our exploration expertise to this highly promising project."

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Fri, 13 Jan 2017 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171571/azure-minerals-updates-on-promontorio-project-171571.html
<![CDATA[News - Azure Minerals: Teck to exercise its right to earn back into Alacrán ]]> https://www.proactiveinvestors.com.au/companies/news/170631/azure-minerals-teck-to-exercise-its-right-to-earn-back-into-alacrn-170631.html Teck is Teck Canada’s largest diversified resource company.

This decision by Teck demonstrates its belief that the project could host a significant copper deposit, in addition to the epithermal silver and gold deposits discovered by Azure at Mesa de Plata and Loma Bonita respectively.

Tony Rovira, managing director for Azure, commented:

"The decision by Teck confirms Azure’s belief that the Alacrán property is highly prospective for hosting significant base and precious metal deposits.

"We’ve had considerable exploration success in the two years that we’ve managed the project, and that momentum will now continue with Teck sole-funding further exploration."


Agreement

Pursuant to the terms of the original agreement between Azure and Teck, Azure has earned a 100% legal and beneficial interest in the project.

Upon delivery of a back-in notice, Teck may re-acquire a 51% interest in the project by sole funding US$10 million in expenditures on the project over the next 4 years and making cash payments to Azure of US$0.5 million.

Upon reaching a 51% interest in the project, Teck may further increase its interest to 65% by sole funding a further US$5 million in expenditures on the project and making cash payments to Azure of an additional US$1.5 million.

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Mon, 19 Dec 2016 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170631/azure-minerals-teck-to-exercise-its-right-to-earn-back-into-alacrn-170631.html
<![CDATA[News - Azure Minerals given more time to update investors on Alacran Project ]]> https://www.proactiveinvestors.com.au/companies/news/170565/azure-minerals-given-more-time-to-update-investors-on-alacran-project-170565.html An announcement is expected before the opening of trade on Monday 19th December 2016.

Azure acquired 100% of Alacran from Teck in October 2016, with Teck now deliberating on a decision to back-in.

The project currently hosts: 26 million ounces at 84g/t silver.

This includes a high grade zone of: 15 million ounces at 220g/t silver.

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Fri, 16 Dec 2016 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170565/azure-minerals-given-more-time-to-update-investors-on-alacran-project-170565.html
<![CDATA[News - Azure Minerals in an ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/170445/azure-minerals-in-an-asx-trading-halt-170445.html Azure requested the halt pending details regarding the back-in right over the Alacran Project in Mexico.

The halt will remain in place until the opening of trade on Friday 16th December 2016, or earlier if an announcement is made to the market.

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Wed, 14 Dec 2016 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170445/azure-minerals-in-an-asx-trading-halt-170445.html
<![CDATA[Media files - Azure Minerals is cashed-up and "in a very comfortable place" ]]> https://www.proactiveinvestors.com.au/companies/stocktube/6517/azure-minerals-is-cashed-up-and-in-a-very-comfortable-place--6517.html Thu, 01 Dec 2016 09:48:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/6517/azure-minerals-is-cashed-up-and-in-a-very-comfortable-place--6517.html <![CDATA[News - Azure Minerals Ltd talks Mexican silver at Proactive's CEO Spotlight Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/149996/azure-minerals-ltd-talks-mexican-silver-at-proactives-ceo-spotlight-sessions-69406.html Azure Minerals Ltd managing director, Tony Rovira, joined the Proactive Investors Spotlight CEO Roadshow in Sydney and Melbourne this week, providing investors with the latest update on the company.

Azure has several highly prospective advanced stage silver projects in Mexico, with the country well-known as being the world's biggest producer on the metal.

Rovira provided the latest details on the joint venture with Kennecott, and the plan at Alacrán.

Adding some spice to Azure, this price of silver is up 50% so far in 2016.

 

ACCESS THE FULL PRESENTATION HERE

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 11 Jul 2016 05:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149996/azure-minerals-ltd-talks-mexican-silver-at-proactives-ceo-spotlight-sessions-69406.html
<![CDATA[News - Azure Minerals Ltd brings Mexican silver to Spotlight CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/149995/azure-minerals-ltd-brings-mexican-silver-to-spotlight-ceo-sessions-69222.html Azure Minerals Ltd (ASX:AZS) is developing its two flagship silver projects in Mexico, Promontorio and Alacrán.

Mexico remains comfortably the world's biggest producer of silver.

Azure is free carried for the first US$245 million of expenditure at Promontorio by joint venture partner Kennecott.

The company recently raised $15 million to accelerate the development of the Mesa de Plata and Loma Bonita discoveries within the Alacrán project.

A total JORC Mineral Resource of 9.6 million tonnes at 84 g/t silver for 25.9 million ounces of silver was recently completed for Mesa de Plata.

Mesa de Plata is on top of a hill, minable by open pit with 15.3 million ounces of silver in a near-surface high grade zone.

The mineralised zone remains open to the northwest and northeast. A drill hole to the northeast of the calculated resource has intersected 17.3 metres at 45 g/t silver from surface.

Continued drilling at Loma Bonita is building on from the discovery of shallow, thick, high grade gold mineralisation being identified with drilling intersecting 27 metres at 4.1 g/t gold.

Recent drilling in June has found semi-massive copper sulphide mineralisation at Loma Bonita with an intersection grading 8.4 metres at 0.92% copper.

Azure has a number of institutional shareholders on its register including prospector Mark Creasy through Yandal Investments, Drake Private Investments and Sprott Inc.


Find out more from Tony Rovira, managing director, at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in July 2016.

Sydney Investor Sessions, Tuesday, 5th July.

Melbourne Investor Sessions, Wednesday, 6th July.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 Jun 2016 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149995/azure-minerals-ltd-brings-mexican-silver-to-spotlight-ceo-sessions-69222.html
<![CDATA[News - Azure Minerals Ltd heads to market for Mexican precious metals ]]> https://www.proactiveinvestors.com.au/companies/news/149994/azure-minerals-ltd-heads-to-market-for-mexican-precious-metals-68690.html Azure Minerals Ltd (ASX:AZS) holds an extensive silver and gold-silver footprint in Mexico.

Azure recently acquired the San Agustin Project, which is located in the country's premier silver producing region.

No known exploration has been undertaken on San Agustin and Azure will commence exploration later in 2016.

Azure is now heading to market with a capital raising, and the ASX has granted the company a trading halt.

The halt will remain in place until the opening of trade on Friday 20th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 May 2016 16:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149994/azure-minerals-ltd-heads-to-market-for-mexican-precious-metals-68690.html
<![CDATA[News - Azure Minerals shows the way, $5.2M raising for silver discovery ]]> https://www.proactiveinvestors.com.au/companies/news/149993/azure-minerals-shows-the-way-52m-raising-for-silver-discovery-65724.html Azure Minerals (ASX:AZS) has shown the market how it is done, raising a fast $5.2 million from key investors to fast track work at its recently announced large, high grade silver discovery in northern Mexico.

The placement was done at $0.036 a share. This will allow Azure to up the ante at its Mesa de Plata silver discovery at the Alacrán Project where the first two diamond core holes at the project hit very wide zones of silver with grades of up to 1,044 g/t silver from just two metres depth.

In fact, an 18.0 metre at 655g/t gold intercept included 10.5 metres at 1,044g/t silver while the other hole returned 18.7 metres at 530g/t silver from 29 metres. 

Diamond drilling results were similar to those achieved in the initial discovery RC drill holes so Azure is clearly onto something and will now set sail to announce a maiden resource at Mesa de Plata and then straight into a feasibility study.

Given Mesa de Plata's thickness and horizontal layer of mineralisation is perched on top of a hill with easy access and logistics, an open pit mining operation ought to be relatively low cost and highly profitable.

The capital raised today will allow Azure to go all out in the next 12 months at Mesa de Plata with an intensive work program including a maiden resource estimate, metallurgical work and further development studies.

Azure also has the promising Promontorio copper project in Mexico, with a JORC resource of 2.9 million tonnes at 2.5% CuEq which is part of an Azure and Rio Tinto (ASX:RIO) joint venture.

Earlier, this saw Azure managing director Tony Rovira negotiate a deal with Rio whereby it sole funds all exploration at Promontorio for Azure while also paying Azure a 10% project management fee to boot. Rio can earn an 80% project interest by spending US$45 million.

With today's $5.2 million placement, there will be a bunch more shares issued but given the four-fold leap in share price over the past months, there would not be many investors complaining. 

Add in, as part of this that well regarded Sprott Inc of Canada subscribed for 40 million shares at $0.036 each for $1.44 million as well as Mark Creasy investing a further $1 million to move to 9.8% and it is a fine time to be an Azure shareholder.

 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 

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Fri, 20 Nov 2015 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149993/azure-minerals-shows-the-way-52m-raising-for-silver-discovery-65724.html
<![CDATA[News - Azure Minerals in ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/149992/azure-minerals-in-asx-trading-halt-65659.html Mexican silver explorer Azure Minerals (ASX:AZS) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 20th November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 Nov 2015 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149992/azure-minerals-in-asx-trading-halt-65659.html
<![CDATA[News - Azure Minerals follows up stellar silver hits in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149991/azure-minerals-follows-up-stellar-silver-hits-in-mexico--64945.html Azure Minerals (ASX:AZS) has begun concrete steps to follow up the discovery of extensive, high-grade silver at its Alacran project in Mexico today with the start of diamond drilling on the Mesa De Plata prospect.

Development news at this site is continuing to reflect share trading momentum, with Azure stock trading at A$0.038 today after spiking 50% mid-last month on hits at Mesa De Plata as rich as 1,235g/t silver across a 9-metre intercept from only 3 metres.

This sample was found within an 18-metre intersection grading 698g/t silver from 1.5 metres and was part of an reverse circulation drilling campaign that also returned 21 metres at 513g/t silver from 28.5 metres and 18 metres at 408g/t silver from 3 metres.

Surface sampling at the prospect has returned silver grades up to 489g/t.

The four-week diamond core drill campaign is planned for about 800 metres across four holes and will provide a comparison with the reverse circulation results.

Azure is also awaiting approval for a close-spaced drilling program to be undertaken covering Mesa de Plata.

Investor interest in the company’s recent work at the project has been reflected in a dramatic share price increase since the end of August. Azure shares have soared 300% from their August 31 levels to today.

Although the most recent excitement has been focused on silver, Alacran hosts significant copper potential as well, with the site lying close to several large copper mines, including being adjacent to the giant Cananea Copper Mine where annual copper production capacity is expected to reach 510,000 tonnes in 2015.

Indeed, the five of six recent holes drilled to test Alacran’s La Morita prospect for porphyry-related copper mineralisation encountered anomalies considered potentially indicative of a blanket of supergene copper or primary, porphyry-hosted copper sulphide mineralisation.

All six drill holes intersected wide zones of highly anomalous copper values (up to 0.5% copper), which are similar to the grades identified at surface.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 06 Oct 2015 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149991/azure-minerals-follows-up-stellar-silver-hits-in-mexico--64945.html
<![CDATA[News - Azure Minerals is Friday’s most active ]]> https://www.proactiveinvestors.com.au/companies/news/149990/azure-minerals-is-fridays-most-active-64772.html Friday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume Transaction Limited ASX:TSN $0.005 66.7% 197,058,320 Azure Minerals ASX:AZS $0.038 46.2% 62,516,750 Alchemia Limited ASX:ACL $0.075 114.3% 30,734,375 Telstra Corporation ASX:TLS $5.67 -0.9% 25,996,766 Fortescue Metals Group ASX:FMG $1.80 0.8% 25,927,000 Nsl Consolidated ASX:NSL $0.014 16.7% 24,646,976 Altura Mining ASX:AJM $0.034 -5.6% 21,933,721 Unity Mining ASX:UML $0.018 0% 21,190,252 South32 Limited ASX:S32 $1.415 -1.7% 19,919,268 Galicia Energy Corporation ASX:GAL $0.018 -10% 18,424,906

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 28 Sep 2015 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149990/azure-minerals-is-fridays-most-active-64772.html
<![CDATA[News - Azure Minerals spikes on Mexican silver results ]]> https://www.proactiveinvestors.com.au/companies/news/149989/azure-minerals-spikes-on-mexican-silver-results-64567.html Azure Minerals (ASX:AZS) shares emerged from a trading halt today by gaining over 50% to A$0.02 after some stellar silver hits during recent drilling at the company’s Alacran project in Mexico.

The standout result was a 9 metre intersection grading 1,235 grams per tonne silver from only 3 metres depth, confirming mineralisation as contained in a thick horizontal layer at the site.

This reading was found within a broader 39 metre sample grading 347 grams per tonne silver from surface.

The drilling has established Alacran mineralisation over at least a 500 metre strike length with up to 300 metres of width.

Other notable intervals in the campaign included 21 metres at 513 grams per tonne silver from 28.5 metres depth, 18 metres at 408 grams per tonne silver from 3 metres and 18 metres at 698 grams per tonne silver from 1.5 metres.

The work represents the first drilling to be carried out at the project’s Mesa de Plata area and is being interpreted as a sign the zone could be developed into a large, economically significant deposit.

Although primarily focused on copper, Azure’s success in identifying meaningful silver mineralisation signifies an important diversification of the company’s immediate potential, especially in the context of the world’s leading silver production jurisdiction.

Mexico’s massive endowment of the white metal has resulted in pure-play silver companies representing a major presence in North American stock exchanges, particularly the mining-focused TSX.

Azure will continue to undertake further surface exploration to identify new areas prospective for silver mineralisation. The explorer has identified other similar-looking mesas to the north and east of Mesa de Plata, within the Alacran project area, and these have yet to be mapped and sampled.

The company believes there is potential for these to also host significant silver mineralisation, and work in these areas has already begun.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 16 Sep 2015 17:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149989/azure-minerals-spikes-on-mexican-silver-results-64567.html
<![CDATA[News - Azure Minerals has material drilling results ]]> https://www.proactiveinvestors.com.au/companies/news/149988/azure-minerals-has-material-drilling-results-64535.html Azure Minerals (ASX:AZS) is preparing to reveal material drilling results, with the ASX granting the company a trading halt to prepare.

The company recently wrapped up a reverse circulation drilling program at the Alacrán Project, located in the northern Mexican state of Sonora.

The property covers 54 square kilometres of highly prospective exploration ground in the middle of the Laramide Copper Province.

It is one of North America’s most prolific copper-producing districts, extending from northern Mexico into the southern United States.

Drilling covered 2070 metres through 14 holes.

The halt will remain in place until the opening of trade on Thursday 17th September 2015, or earlier if an announcement is made to the market.

 

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Wed, 16 Sep 2015 07:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149988/azure-minerals-has-material-drilling-results-64535.html
<![CDATA[News - Azure Minerals secures $3.25M from investment fund ]]> https://www.proactiveinvestors.com.au/companies/news/149987/azure-minerals-secures-325m-from-investment-fund-63503.html Azure Minerals (ASX:AZS) has secured up to $3.25 million in funding from a leading New York-based investment fund.

Proceeds will be used to continue exploration of its Alacrán Copper Project in Sonora, Mexico.

Meanwhile, Rio Tinto (ASX:RIO) subsidiary Kennecott Exploration continues to sole-fund and earn-in at the Promontorio Copper Project in Chihuahua, Mexico.

The agreement provides Azure with the right to secure an equity investment from the fund of a minimum of $100,000 each month, and up to $250,000 subject to certain conditions, over the next 24 months at a price equal to 80% of the 5 day VWAP prior to any investment request.

Earlier this month, the company identified a high grade gold target at the Alacrán project with channel samples returning up to 7.9 grams per tonne gold.

 

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Fri, 17 Jul 2015 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149987/azure-minerals-secures-325m-from-investment-fund-63503.html
<![CDATA[News - Azure Minerals, Rio Tinto start copper porphyry exploration in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149986/azure-minerals-rio-tinto-start-copper-porphyry-exploration-in-mexico-60611.html Azure Minerals (ASX:AZS) and Rio Tinto (ASX:RIO) have started first stage exploration for copper porphyry at the Promontorio Project in Mexico.

This includes two extensive, district-scale airborne surveys, comprising:

- Aeromagnetic, radiometric and electromagnetic geophysical surveying;
- LiDAR surveying to produce detailed aerial photographs and digital topographic maps.

Geological mapping and surface sampling will also be carried out over the entire project area.

The scope of this planned work program has generated a budget of approximately US$750,000 for the March Quarter.

In December 2014, Rio Tinto subsidiary Kennecott Exploration Company executed an agreement to earn a 51% interest in the Promontorio Project by spending US$20 million within 6 years, and an additional 29% interest, for a total 80% interest, by spending a further US$25 million over the following 6 years.

Past exploration on a small area in the middle of the property resulted in the discovery of two high-grade copper-gold-silver deposits and several other mineralised zones, confirming Promontorio’s mineral potential.

To date, modern exploration on the Promontorio project area has focused solely on the central 200 hectares containing the Promontorio and Cascada copper deposits.

However the overall Promontorio project area, which covers approximately 10,520 hectares, is recognised as having excellent potential for large copper deposits.

Several different styles of precious and base metal mineralisation have been identified at Promontorio, including high sulphidation epithermal, hydrothermal breccia and porphyry-hosted.

Size potential ranges from large, bulk-tonnage resources to more modest-sized, high grade bodies, which bodes well for large scale, long-life mining operations.



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Tue, 10 Feb 2015 15:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149986/azure-minerals-rio-tinto-start-copper-porphyry-exploration-in-mexico-60611.html
<![CDATA[Media files - Azure Minerals Managing Director Tony Rovira speaks at Proactive Investors Sydney Investor Luncheon ]]> https://www.proactiveinvestors.com.au/companies/stocktube/5622/azure-minerals-managing-director-tony-rovira-speaks-at-proactive-investors-sydney-investor-luncheon-454.html Tue, 16 Sep 2014 12:39:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/5622/azure-minerals-managing-director-tony-rovira-speaks-at-proactive-investors-sydney-investor-luncheon-454.html <![CDATA[News - Azure Minerals to present at Sydney, Melbourne Investor Luncheons ]]> https://www.proactiveinvestors.com.au/companies/news/149985/azure-minerals-to-present-at-sydney-melbourne-investor-luncheons-57227.html Azure Minerals (ASX:AZS) is focused on exploring for copper at its Promontorio Project in Mexico, which notably has drawn Kennecott Exploration Company, a subsidiary of Rio Tinto (ASX:RIO) as a joint venture partner.

Kennecott will earn a 51% interest in the Promontorio Project by spending US$20 million within 6 years, and an additional 29% interest, for a total 80% interest, by spending a further US$25 million over the following 6 years.

In addition, upon formation of a 51:49 Joint Venture, Kennecott will credit Azure with an amount equal to five times Azure’s total exploration and acquisition expenditures to that date.

Azure has already spent US$10 million, so this amount will total at least $50 million, bringing the total value of the earn-in up to US$95 million.

Promontorio has a total Resource of 840,000 tonnes grading 4.1% copper equivalent at the 0.5% copper equivalent cut-off.

Proactive Investors has secured managing director Anthony Rovira to present the latest at the upcoming "Sydney Investor Luncheon” on Wednesday 10th September, and the "Melbourne Investor Luncheon" on Thursday 11th September.

REGISTER HERE: Sydney and Melbourne.

Kennecott’s entry into Promontorio demonstrates its enormous potential and will enable a rapid acceleration in the current exploration and development programs.

It also allows Azure to advance its own exploration efforts around Cascada, where drilling has intercepted 153 metres at 1.5 grams per tonne gold, 114 metres at 2.4g/t gold, 36 metres at 2.9% copper and 19 metres at 6.8% copper.

Initially considered a high grade but relatively small copper-gold-silver deposit, Azure’s recent discoveries, including the Cascada deposit, mineralised hydrothermal breccias and porphyry-hosted copper mineralisation, signal that Promontorio is now of a substantial scale.

With multiple styles of precious and base metal mineralisation, Promontorio could host deposits ranging from large, bulk-tonnage resources to smaller, high grade bodies, which augurs well for a large scale, long-life mining operation.

Looking ahead catalysts for the Promontorio joint venture include results from geophysical surveys, mapping and sampling in early 2015 and diamond drilling on defined targets in mid-2015.

At Cascada, Azure’s immediate work program includes a Resource calculation in the fourth quarter of 2014.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Sep 2014 08:59:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149985/azure-minerals-to-present-at-sydney-melbourne-investor-luncheons-57227.html
<![CDATA[News - Azure Minerals teams with Rio Tinto for copper porphyry ]]> https://www.proactiveinvestors.com.au/companies/news/149984/azure-minerals-teams-with-rio-tinto-for-copper-porphyry--56984.html Azure Minerals (ASX:AZS) should trade substantially higher after agreeing to a Joint Venture Agreement with Kennecott Exploration Company, a subsidiary of Rio Tinto (ASX:RIO), to explore for copper at its Promontorio Project in Mexico.

Formal legal documentation of this agreement is in progress and is expected to be finalised shortly.

Notably, given Azure's circa $25 million market cap, the total value of earn-in and joint venture agreement is worth up to US$95 million to Azure.

US$2 million of expenditure is committed by Kennecott within the first 12 months, and Kennecott is to reimburse Azure US$250,000 upon execution of the agreement.

Kennecott will earn a 51% interest in the Promontorio Project by spending US$20 million within 6 years, and an additional 29% interest, for a total 80% interest, by spending a further US$25 million over the following 6 years.

In addition, upon formation of a 51:49 Joint Venture, Kennecott will credit Azure with an amount equal to five times Azure’s total exploration and acquisition expenditures to that date.

Azure has already spent US$10 million, so this amount will total at least $50 million.

Kennecott’s interest in the Promontorio Project and the terms of the proposed joint venture demonstrate the enormous potential of Promontorio. 

The agreement will enable a rapid acceleration in the current exploration and development programs, and allows Azure to advance its own exploration efforts around Cascada.

Concurrently, Kennecott will activate exploration throughout Azure’s large land holding during the initial earn in phase.

Northern Mexico and southern Arizona together form one of the world’s great copper mining provinces and it is a coup for Azure, as one of the few ASX listed companies with exposure to this area, to secure Kennecott’s involvement.
 
Kennecott may withdraw from the project at any time after satisfying the minimum expenditure commitment of US$2 million or 2,000 metres diamond drilling.

Azure will be Project Operator during the initial stage of the Agreement, managing and staffing all activities, under the direction of and with technical assistance from Kennecott.

Planning of work programs has commenced and field work will start as soon as practicable after the Agreement is signed.  
Additionally, until such time as Kennecott has earned its initial 51% interest, Azure may continue its ongoing exploration activities on the Cascada and Promontorio deposits.  

Exploration over the past twelve months has delivered good progress at the Promontorio Project.

Initially considered a high grade but relatively small copper-gold-silver deposit, Azure’s recent discoveries, including the Cascada deposit, mineralised hydrothermal breccias and porphyry-hosted copper mineralisation, signal that Promontorio is now of a substantial scale.

With multiple styles of precious and base metal mineralisation, Promontorio could host deposits ranging from large, bulk-tonnage resources to smaller, high grade bodies, which augurs well for a large scale, long-life mining operation.

 

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Mon, 18 Aug 2014 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149984/azure-minerals-teams-with-rio-tinto-for-copper-porphyry--56984.html
<![CDATA[News - Azure Minerals expands Promontorio gold-copper-silver footprint, Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149983/azure-minerals-expands-promontorio-gold-copper-silver-footprint-mexico-55876.html Azure Minerals (ASX: AZS) has finalised the acquisition of the El Magistral mineral concession, which forms an integral part of its flagship Promontorio copper-gold-silver project in Mexico.

The El Magistral concession hosts the emerging Risco Dorado copper prospect and covers the along-strike mineralised trend of the Promontorio and Cascada high grade copper-gold-silver deposits.

To secure full ownership of El Magistral, Azure exercised its option to purchase the concession by making a payment to one of the two vendors of US$540,000 while concurrently entering into a new agreement with the second vendor.

Under this new agreement Azure will make four half-yearly payments of US$50,000 with a final payment of US$370,000 due in June 2016, totalling US$570,000.

Following completion of this recent acquisition, Azure now has 100% ownership of the El Magistral concession, and the adjoining Promontorio concession which hosts the Cascada deposit.

Azure also holds the Hidalgo concession, which contains the Promontorio deposit, under an option to purchase agreement which is valid until April 2016.

Azure’s Promontorio Project comprises four mineral concessions totalling 10,698 hectares.

Impressive results earlier this year from from the Cascada prospect included 150 metres at 1.5 grams per tonne gold from 42 metres and 153 metres at 1.1 grams per tonne gold from 22 metres to end of hole.

Notably, the gold results are similar to those found at substantial operating gold mines in the district, for example the 3 million ounce Altos mine.

 

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Thu, 26 Jun 2014 14:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149983/azure-minerals-expands-promontorio-gold-copper-silver-footprint-mexico-55876.html
<![CDATA[News - Azure Minerals hits 150m at 1.5g/t gold drilling at Promotorio, Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149982/azure-minerals-hits-150m-at-15gt-gold-drilling-at-promotorio-mexico-52748.html Azure Minerals (ASX: AZS) should trade higher after revealing broad gold and high grade copper assay results from drilling at its flagship Promontorio copper-gold-silver project Mexico.

Impressive results from the Cascada prospect included gold mineralisation of 150 metres at 1.5 grams per tonne gold from 42 metres and 153 metres at 1.1 grams per tonne gold from 22 metres to end of hole.

Notably, the gold results are similar to those found at substantial operating gold mines in the district, for example the 3 million ounce Altos mine.

Assays from the first drill hole targeting the porphyry body also confirmed the presence of porphyry-hosted, strongly anomalous copper mineralisation throughout the lower 200 metres to the end of the hole, up to a maximum of 5.4% copper.

Similarly, the new intercepts of high grade copper continue to grow the central copper-gold-silver zone at Cascada. Drilling has yet to define the boundaries of the mineralisation to the north and west, giving further potential for expansion.

Further results from second porphyry hole and another hole are awaited, and if these results are anything to go by, they could be very interesting.

Azure has also commenced a detailed ground magnetic survey to assist targeting of future porphyry drill holes, and metallurgical testwork of a Cascada bulk sample is underway.

The company is capitalised at $25 million.

 

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Wed, 12 Feb 2014 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149982/azure-minerals-hits-150m-at-15gt-gold-drilling-at-promotorio-mexico-52748.html
<![CDATA[News - Azure Minerals extends gold mineralisation at the Cascada deposit in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149981/azure-minerals-extends-gold-mineralisation-at-the-cascada-deposit-in-mexico-51982.html Azure Minerals’ (ASX: AZS) drilling has extendedto the west, north and south, mineralisation at the Cascada deposit of its Promontorio copper-gold-silver project in the Mexico.

Each of the first three holes intersected a high grade core of copper mineralisation surrounded by a wider mineralised zone containing anomalous copper, gold and silver.

This is consistent with earlier results from Cascada and together with the recent discovery of the copper mineralised porphyry below Cascada, adds further support to Azure’s model that the overall Promontorio project area has the potential to host a major copper deposit.

The near surface copper mineralised zone has been extended to 140 metres along strike and 150 metres down dip and mineralisation remains open along strike to the west and down-dip to the north.

Drilling is continuing at Cascada.

Azure believes that the near-surface Cascada deposit is the high sulphidation epithermal mineralisation associated with the nearby porphyry copper body it recently discovered.

Further drilling will test both the near-surface extensions and depth extensions of the Cascada system, as well as the underlying porphyry.

 

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Fri, 17 Jan 2014 16:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149981/azure-minerals-extends-gold-mineralisation-at-the-cascada-deposit-in-mexico-51982.html
<![CDATA[News - Azure Minerals hits 240 metres of copper porphyry at Promontorio, Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149980/azure-minerals-hits-240-metres-of-copper-porphyry-at-promontorio-mexico-51894.html Azure Minerals (ASX:AZS) has intersected copper porphyry at its flagship Promontorio project in Mexico.

This, the first hole to test the porphyry copper target beneath the Cascada and Promontorio copper-gold-silver deposits, intersected 240 metres of alteration, veining and copper sulphide mineralisation consistent with the margin of a copper porphyry body.

The target comprises two overlapping induced polarisation features, represented by high chargeability and low resistivity anomalies.

This vertical hole successfully reached the target depth of 500 metres, penetrating into the chargeability anomaly and passing through the western edge of the resistivity anomaly.

From a depth of 260 metres the hole intersected porphyry with argillic alteration, abundant disseminated pyrite, and moderate to abundant quartz veins forming a stockwork.

These veins contain variable amounts of sulphide mineralisation, including iron and copper sulphide.

Notably, the hole was still in mineralisation when terminated, and has been cased for re-entry at a later date.

Further testing of the porphyry target is being planned, and drilling is continuing at the Cascada mineralised zone with a second hole in progress.

 

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Wed, 15 Jan 2014 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149980/azure-minerals-hits-240-metres-of-copper-porphyry-at-promontorio-mexico-51894.html
<![CDATA[News - Azure Minerals recommences drilling at Promontorio copper project in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149979/azure-minerals-recommences-drilling-at-promontorio-copper-project-in-mexico-51732.html Azure Minerals Limited (ASX:AZS) has recommenced drilling at its flagship Promontorio epithermal and porphyry copper project in the state of Chihuahua, Mexico.

The drill rig has re-entered hole 109 at Cascada and drilling will continue from the 300 metre depth reached prior to the Christmas break.

This hole is designed to test for southern extensions of the Cascada deposit as well as the buried porphyry copper target.

In the lowermost 40 metres of the core, from 260 metres to 300 metres, the company’s geologists have logged moderate amounts of quartz-pyrite veinlets hosted in an intrusive porphyry rock.

An initial target depth of 500 metres has been estimated to test the zone where an induced polarisation survey identified two strong coincident anomalies, represented by high chargeability and low resistivity.

Assay results from the first three completed holes are expected to be available for release within the next week, with results from additional holes to be released as they are received.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 09 Jan 2014 16:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149979/azure-minerals-recommences-drilling-at-promontorio-copper-project-in-mexico-51732.html
<![CDATA[News - Azure Minerals’ diamond drilling to expand high grade copper zone at Mexico project ]]> https://www.proactiveinvestors.com.au/companies/news/149978/azure-minerals-diamond-drilling-to-expand-high-grade-copper-zone-at-mexico-project-50773.html Azure Minerals (ASX: AZS) has started diamond drilling at its Promontorio Project in Chihuahua, Mexico, to expand the high grade copper zone of the Cascada copper prospect and test nearby porphyry copper targets.

Previous drilling had returned high grade copper intercepts including 32.9 metres at 4.6% copper and 29.4 metres at 4.4% copper.

A recently completed Induced Polarisation geophysical survey identified two strong – a near-surface anomaly situated adjacent to and beneath the Cascada mineralisation and a large, deeper anomaly lies beneath both Cascada and the Promontorio deposit.

These anomalies could represent two different bodies containing substantial sulphide mineralisation.

The shallow anomaly may represent a feeder zone from the porphyry source at depth to the Cascada epithermal mineralisation at surface while the deeper anomaly is believed to represent a porphyry body which to date is completely untested by drilling.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 02 Dec 2013 17:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149978/azure-minerals-diamond-drilling-to-expand-high-grade-copper-zone-at-mexico-project-50773.html
<![CDATA[News - Azure Minerals heads to market ]]> https://www.proactiveinvestors.com.au/companies/news/149977/azure-minerals-heads-to-market-50225.html Mexican-focused explorer Azure Minerals (ASX: AZS) has been granted a trading halt today by the Australian Stock Exchange, pending details of a capital raising.

Azure's shares are now in pre-open.

The halt will remain in place until the opening of trade on Tuesday 19th November 2013, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Nov 2013 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149977/azure-minerals-heads-to-market-50225.html
<![CDATA[News - Azure Minerals identifies porphyry copper potential at Cascada project in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149976/azure-minerals-identifies-porphyry-copper-potential-at-cascada-project-in-mexico-47318.html Azure Minerals (ASX: AZS) will trade higher today after identifying the potential for a large underlying porphyry copper zone at its Cascada copper-gold-silver project in Chihuahua, Mexico.

Importantly, Azure has not only delineated a large body of high grade copper, gold and silver mineralisation, but it has also identified a substantial zone of gold mineralisation. Both are open at depth and along strike.

Where the story gets even more interesting is that the gold may be of economic significance in its own right.

Results from the company’s drilling program has confirmed the project hosts two large, overlapping copper and gold mineralised systems that remain open at depth and along strike.

The high sulphidation epithermal alteration system indicates likelihood that mineralisation is sourced from an underlying porphyry copper system.

The copper system has a high grade copper-gold-silver zone with true widths of up to 30 metres and grades averaging more than 5% copper equivalent with peak grades of up more than 40% copper equivalent. This has a surrounding copper-mineralised envelope that has bulk tonnage potential.

Drilling also confirmed an extensive gold-rich envelope surrounds the Cascada copper deposit. This increases in grade and width towards the west with bulk tonnage deposit potential.

Azure plans to carry out a detailed deep-seeking Induced Polarisation in early September to target Cascada extensions and porphyry system.

 

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Thu, 29 Aug 2013 13:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149976/azure-minerals-identifies-porphyry-copper-potential-at-cascada-project-in-mexico-47318.html
<![CDATA[News - Azure Minerals extends copper mineralisation at Cascada project in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149975/azure-minerals-extends-copper-mineralisation-at-cascada-project-in-mexico--45769.html Azure Minerals’ (ASX: AZS) drilling has extended the copper mineralised system at its Cascada copper-gold-silver project in Mexico to the east while confirming the presence of a surrounding halo of gold mineralisation.

Notably, the high grade copper zone remains open along strike and down dip, highlighting the potential to expand the mineralised system at Cascada with further drilling, making it the company’s second major copper deposit.

The latest highlights from the diamond drilling include 19 metres at 6% copper equivalent, 17 metres at 2.3% copper equivalent and 10 metres at 4.6% copper equivalent.

This copper sulphide mineralisation commences at 20 to 30 metres below surface and in the latest holes mostly comprises disseminated chalcocite.

The gold mineralisation in the halo is thick and commences at or close to surface with notable results of 114 metres at 2.4 grams per tonne gold, 100 metres at 1g/t gold and 129 metres at 0.7g/t gold.

Assays have now been received from the first 12 holes of the 18-hole program.

The close-spaced drill pattern may allow Azure to estimate a mineral resource from this first phase drilling program though further drilling will be required to delineate the strike and depth extensions and to define the boundaries of the overall mineralised system.

Cascada and Azure’s other project Promontorio form separate parts of a high-sulphidation, epithermal system where base and precious metal mineralisation comprises massive, semi-massive and disseminated copper sulphides hosted in vuggy silica and silicified host rocks..

The company believes that beneath Cascada and Promontorio is a porphyry copper body which was the source of the copper, gold and silver mineralisation and is likely to be mineralised in its own right.

Future exploration will follow up the depth extensions of the Cascada mineralised system to search for the feeder zone or connection to the porphyry copper target.

 

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Fri, 19 Jul 2013 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149975/azure-minerals-extends-copper-mineralisation-at-cascada-project-in-mexico--45769.html
<![CDATA[News - Azure Minerals drilling reveals widths and high grade copper at Cascada in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149974/azure-minerals-drilling-reveals-widths-and-high-grade-copper-at-cascada-in-mexico-45246.html Azure Minerals (ASX: AZS) has delivered some stunning high grade drill intercepts from the new Cascada copper-gold-silver discovery located in the Mexican state of Chihuahua with widths and high grade copper including 61 metres at 4%  copper equivalent.

With the Promontorio deposit, Azure already has a high grade copper equivalent resource, Cascada promises to be a second major copper deposit.

Peak grades from this drilling returned of 46.9% copper, 41.3g/t gold and 1,070g/t silver. Azure said that visual inspection of core indicates further mineralised intercepts expected in remaining holes.

The latest results are from the second batch of three holes confirm that Cascada hosts zones of high grade copper, gold and silver mineralisation contained within a wider mineralised system.

The results would seem to confirm Cascada’s potential to host a significant body of copper mineralisation.

- 56 metres at 3% CuEq including, 5 metres at 18% CuEq (10.1% Cu, 5.1g/t Au & 425g/t Ag); and

- 101 metres at 3% CuEq including, 12 metres at 14% CuEq (5.2% Cu, 11.6g/t Au & 118g/t Ag).

These intersections are along-strike continuations from similar high grade intercepts reported last week in the first Cascada holes, including: 129 metres at 2.9% CuEq, including 10 metres at 14% CuEq (10% Cu, 1.3g/t Au, 299g/t Ag).

The widths of mineralisation intersected so far and the presence of such high grade copper in three of the four holes are stunning, a word that shouldn't be overused but relevant in this case.

The Cascada mineralisation is decidedly different from that at Promontorio. Cascada appears to be a large system of widespread disseminated mineralisation whereas at Promontorio the mineralisation is constrained into narrow zones of massive and semi-massive veins.

This suggests that Cascada may have potential to host a significant quantity of copper, gold and silver mineralisation.

In a nutshell, the defined Promontorio deposit is already robust, the Cascada results should lead to an increase in the project’s overall resource base and significantly enhance the economics of the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

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Fri, 05 Jul 2013 14:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149974/azure-minerals-drilling-reveals-widths-and-high-grade-copper-at-cascada-in-mexico-45246.html
<![CDATA[News - Azure Minerals intercepts 129m at 2.9% copper equivalent at Cascada in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149973/azure-minerals-intercepts-129m-at-29-copper-equivalent-at-cascada-in-mexico-44874.html Azure Minerals (ASX:AZS) has had a huge copper hit intercepting 129 metres at 2.9% copper equivalent that included a high grade zone of 10 metres at 14% CuEq at its Cascada copper-gold-silver project in Mexico.

The results are from the first three drill holes, and follow on from the discovery hole at Cascada that returned 70 metres at 2.7% CuEq, announced in February.

Drill results from the APR-DD-089 that hit 129 metres at 2.9 CuEq include 19 metres at 9.5% CuEq, while the APR-DD-090 returned 70 metres at 1.9% CuEq including 10 metres at 4% and hole APR-DD-088 hit a gold rich zone of 13 metres grading at 2.12g/t gold and 23g/t silver.

Visual inspection of the core also shows presence of copper sulphide mineralistion in all the holes drilled to date at the project, with dominant copper sulphide mineral being chalcocite.

Azure's current drilling program consists of 18 holes for a total of about 2,000 metres of which 17 have been completed.

Fifteen holes test the Cascada zone, while two tested the Rojo Grande target about 300 metres northeast from Cascada and one scout hole will test a zone of vuggy silica containing anomalous gold at Cascada.



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Wed, 26 Jun 2013 13:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149973/azure-minerals-intercepts-129m-at-29-copper-equivalent-at-cascada-in-mexico-44874.html
<![CDATA[News - Azure Minerals to provide Mexican drilling update ]]> https://www.proactiveinvestors.com.au/companies/news/149972/azure-minerals-to-provide-mexican-drilling-update-44770.html Azure Minerals (ASX: AZS) will soon update the market on material drilling results and has placed its shares into an ASX trading halt.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 26th June 2013.

Azure has been carrying out drilling programs at its Cascada copper-gold-silver project and its La Tortuga project in Mexico.

It had previously said the 21 hole program at Cascada was progressing well with zones of sulphide mineralisation observed in each of the completed holes.

It also noted that diamond drilling at La Tortuga was progressing towards the target strong gravity anomaly that may represent a deeply buried porphyry copper or Iron Oxide Copper Gold mineralised body.

 

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Mon, 24 Jun 2013 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149972/azure-minerals-to-provide-mexican-drilling-update-44770.html
<![CDATA[News - Azure Minerals starts Mexican copper-gold-silver drilling program ]]> https://www.proactiveinvestors.com.au/companies/news/149971/azure-minerals-starts-mexican-copper-gold-silver-drilling-program-43238.html Azure Minerals (ASX: AZS) has started drilling a 24 hole drilling program totalling 2,800 metres at its Cascada copper prospect of the Promontorio copper-gold-silver project in Chihuahua, Mexico.

This follows up on an intercept of 70 metres at 2.7% copper equivalent from 41.9 metres from the last drilling program.

Mapping and sampling of surface exposures and historical underground mine workings has also provided the company with additional information of the geology and controls on mineralisation in the Cascada area.

Numerous outcrops of vuggy silica were channel sampled with the majority returning elevated gold grades over 1 gram per tonne gold up to a maximum of 9.8g/t gold.

Azure believes this widespread gold anomalism at surface could be a pathfinder representing copper mineralisation at depth.

Promontorio is a high-sulphidation, epithermal system where base and precious metal mineralisation is contained in veins of massive and semi-massive sulphides. Sulphide mineralisation is predominantly enargite (a copper-arsenic sulphide) and pyrite, with minor chalcocite and chalcopyrite (copper sulphides).

It has a Resource of 840,000 tonnes at 2.5% copper, 1.6 grams per tonne (g/t) gold and 56g/t silver, or 4.1% copper equivalent.

 

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Tue, 14 May 2013 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149971/azure-minerals-starts-mexican-copper-gold-silver-drilling-program-43238.html
<![CDATA[News - Azure Minerals updates copper-gold-silver Resource at Mexican project ]]> https://www.proactiveinvestors.com.au/companies/news/149970/azure-minerals-updates-copper-gold-silver-resource-at-mexican-project-43119.html Azure Minerals (ASX: AZS) has updated the Resource at its Promontorio copper-gold-silver deposit in northern Mexico to 840,000 tonnes at 2.5% copper, 1.6 grams per tonne (g/t) gold and 56g/t silver - or 4.1% copper equivalent.

This compares with the previous Resource of 502,000 tonnes at 4.7% copper, 2.1g/t gold and 99g/t silver.

Notably, 75% of the Resource is now contained in the higher confidence Indicated category, allowing the company to proceed to the Feasibility Study stage.

This includes completing a definitive underground mine design, production schedule and a Probable Ore Reserve, which are expected to begin in the second half of 2013.

The Indicated Resource is contained entirely in the main Santiago and Veta Grande veins.

Azure has also started drilling at the newly discovered, high grade copper zone at Cascada.

A hole drilled at Cascada had returned an intercept of 70 metres at 2.7% copper equivalent (1.6% copper, 0.9g/t gold and 35g/t gold) from 41.9 metres.

If this is successful, it would add further value to the overall Promontorio Project.

The updated Resource used data from 149 drill holes compared to 50 drill holes for the previous Resource from 2009.

Promontorio is a high-sulphidation, epithermal system where base and precious metal mineralisation is contained in veins of massive and semi-massive sulphides. Sulphide mineralisation is predominantly enargite (a copper-arsenic sulphide) and pyrite, with minor chalcocite and chalcopyrite (copper sulphides).

 

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Fri, 10 May 2013 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149970/azure-minerals-updates-copper-gold-silver-resource-at-mexican-project-43119.html
<![CDATA[News - Azure Minerals heads to market ]]> https://www.proactiveinvestors.com.au/companies/news/149969/azure-minerals-heads-to-market-41831.html Azure Minerals (ASX: AZS) is preparing a capital raising announcement, with the ASX granting the company a trading halt this morning - with its shares placed in pre-open.

Azure is focused on developing mining projects in the richly mineralised Sierra Madre Occidental mining province in northern Mexico, with key projects including the high grade Promontorio copper-gold-silver project, the El Tecolote copper-zinc project and the La Tortuga porphyry copper project.

Earlier in the month Azure updated drilling at La Tortuga, and said that drill hole testing of a porphyry copper target was completed at 926.25 metres, with widespread anomalous base metal grades returned, including: 0.38% copper, 2.54% zinc and 0.28% molybdenum.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 12th April 2013.

 

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Wed, 10 Apr 2013 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/149969/azure-minerals-heads-to-market-41831.html
<![CDATA[News - Azure Minerals sells non-core Mexican assets ]]> https://www.proactiveinvestors.com.au/companies/news/149968/azure-minerals-sells-non-core-mexican-assets-40972.html Azure Minerals (ASX: AZS) has sold two of its inactive non-core assets in Sonora, Mexico, for US$100,000.

The company said that while the Estacion Llano and San Juan projects still had some value, they were both inactive and unlikely to receive attention while it focused on high value projects such as the high grade Promontorio copper-gold-silver project.

It added the sale is in line with its strategy of gaining value from its projects, while also seeking new opportunities through the acquisition of projects which have significant potential.

Azure had in January completed a 33 hole diamond drilling program at Promontorio in Chihuahua, Mexico.

Thirty one holes were drilled as part of the resource expansion program at the Promontorio deposit, with the final two holes were drilled as part of a wider exploration program to test the Cascada and Risco Dorado prospects.

Notable high grade intercepts reported to date include 2.3 metres at 21.9% copper equivalent, 4.75 metres at 8.8% copper equivalent and 4.5 metres at 11% copper equivalent.

Azure had $1.5 million in cash as of 31 December 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Mar 2013 14:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149968/azure-minerals-sells-non-core-mexican-assets-40972.html
<![CDATA[News - Azure Minerals hits the heights in Mexico, 70 metre copper intercept ]]> https://www.proactiveinvestors.com.au/companies/news/149967/azure-minerals-hits-the-heights-in-mexico-70-metre-copper-intercept-39731.html Azure Minerals (ASX:AZS) has recorded a "monster" of a copper intercept from drilling assays from Promontorio deposit, located in the Mexican state of Chihuahua.

The 70.0 metre at 2.7% copper equivalent drill intercept was from Cascada – 200 metres northwest of Promontorio.

It also included 35.9 metres at 4.8% CuEq, including 11.25 metres at 10.5% CuEq.

There were also additional good copper intersections at a newly identified prospect Risco Dorado, 600 metres northwest of Promontorio.

A total of 33 diamond core holes were drilled for 3,588 metres at Promontorio deposit.

The aim was to expand the resource base and on results to date, the probability is strong of a significant resource upgrade.

A JORC resource upgrade is due for early Q2 2013.

The Promontorio drilling has delivered multiple intercepts of economically significant mineralisation.

There were also good widths of high grade copper, gold and silver mineralisation from areas untested by previous exploration.

The results also would indicate that Azure may have another potential copper system on its hands adjacent to Promontorio.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Feb 2013 11:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149967/azure-minerals-hits-the-heights-in-mexico-70-metre-copper-intercept-39731.html
<![CDATA[News - Azure Minerals gains foothold in copper prospective Mexican province ]]> https://www.proactiveinvestors.com.au/companies/news/149966/azure-minerals-gains-foothold-in-copper-prospective-mexican-province-39227.html Azure Minerals (ASX: AZS) has been awarded a 100% interest in the Loreto Copper Project in the highly prospective Baja California Sur by the Mexican Government.

The Baja California peninsula is a strongly mineralised province hosting notable mining projects, including the 600 million tonne at 0.6% copper and 0.2 grams per tonne (g/t) gold El Arco and the 160 million tonne at 2% copper equivalent El Boleo deposits.

Azure had been actively looking for opportunities to acquire a foothold in the Mexican province.

The company recently participated in a Mexican Geological Survey auction for exploration projects considered prospective for precious and base metals.

Azure successfully bid for the Loreto Project, which covers 9,571 hectares on the east of the Baja California peninsula, and acquired it for US$137,000 plus a 1% net smelter royalty.

Loreto hosts porphyry copper targets with visible outcropping copper mineralisation.

Mexican Geological Survey previously carried out reconnaissance exploration comprising geological mapping and surface sampling.

Significant amounts of visible copper mineralisation and alteration typical of porphyry copper systems were located, and four separate prospective areas identified.

Surface sampling returned numerous anomalous copper and gold assays up to 10.1% copper and 7.6 grams per tonne (g/t) gold.

To date, Azure has completed acquisition and interpretation of satellite imagery, in conjunction with analysis of the Mexican Geological Survey data.

The company will begin field exploration in mid-February, involving detailed mapping and sampling.

Planning for geophysical surveys including aeromagnetics and induced polarisation is also in progress.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 06 Feb 2013 15:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149966/azure-minerals-gains-foothold-in-copper-prospective-mexican-province-39227.html
<![CDATA[News - Azure Minerals assays return high grade copper of up to 11.9% at Promontorio project ]]> https://www.proactiveinvestors.com.au/companies/news/149965/azure-minerals-assays-return-high-grade-copper-of-up-to-119-at-promontorio-project-38436.html Azure Minerals (ASX:AZS) has intersected high grade copper of up to 1.5 metres at 11.9% copper equivalent following resource extension drilling at its Promontorio project in Mexico.

Of the assays for the first 16 holes received, 14 showed significant mineralisation.

Sampling of the remaining 17 holes is ongoing and results are expected in the next two to four weeks.

The assays received to date are predominantly from extensions of known mineralised veins. But new veins containing massive copper sulphide mineralisation have been intersected in recent drilling, assays of which are pending.

These new veins will potentially have a positive impact on the new mineral resource estimation for Promontorio, likely to be completed by April 2013.

Two new targets separate from the resource area have been identified and will be drill tested in the current program. Drilling at Promontorio will be completed shortly, with the total program comprising 33 holes for approximately 3,550 metres.

The Promontorio is a high sulphidation epithermal deposit, which currently contains a JORC mineral resource (indicated and inferred) of 502,000 tonnes at 4.7% copper. 2.1 grams per tonne of gold and 99 grams/tonne of silver.

The deposit remains open along strike and at depth and Azure believes that the current drilling program has the potential to achieve the its near-term goal of doubling the existing resource.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Jan 2013 13:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149965/azure-minerals-assays-return-high-grade-copper-of-up-to-119-at-promontorio-project-38436.html
<![CDATA[News - Azure Minerals proves its mettle with massive copper rich results in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149964/azure-minerals-proves-its-mettle-with-massive-copper-rich-results-in-mexico-37936.html Azure Minerals (ASX:AZS) has hit the drilling jackpot at Promontorio in Chihuahua, Mexico finding copper up to 15.2%, 5.3g/t gold & 230g/t silver.

Of more interest, the intercepts were from drilling in areas untested by previous exploration, both above and along strike from the current mineral resource boundaries.

The current find looks capable of adding tonnes to the JORC resource at Promontorio of 502,000 tonnes at 4.7% copper, 2.1 g/t gold and 99 g/t silver.

High grade copper-rich extensions drilled at Promontorio:

- 2.3m at 21.9% Copper Equivalent
- 4.75m at 8.8% CuEq,
- 2.5m at 9.3% CuEq, and
- 4.5m at 11.0% CuEq

The deposit remains open along strike and at depth.

Tony Rovira, managing director of Azure would dearly like to double the inferred and indicated resource base at the high sulphidation epithermal deposit at Promontorio.  On today's results he is on the way.

An updated Mineral Resource estimate is expected by April 2013.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 08 Jan 2013 14:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149964/azure-minerals-proves-its-mettle-with-massive-copper-rich-results-in-mexico-37936.html
<![CDATA[News - Azure Minerals to progress Promontorio project after Mexican government approval ]]> https://www.proactiveinvestors.com.au/companies/news/149962/azure-minerals-to-progress-promontorio-project-after-mexican-government-approval-14627.html Azure Minerals (ASX: AZS) has received a green light from the Mexican Federal Government for the company's next stage drilling at the Promontorio project in Mexico, with environmental approval granted.

Azure will now kick off a 40 hole diamond drilling exploration program for 6000 metres, as the JORC Indicated and Inferred Resource of; 502,000 tonnes at 4.7% copper, 2.1 grams per tonne (g/t) gold and 99g/t silver, remains open.

Drilling will focus along strike, as well as testing deeper extensions.

Providing the potential for high grade hits, drilling will also target two wildcat drill holes completed in the last drilling campaign at Promontorio, which intersected; 1.1 metres at 3.8% copper, 22.1g/t gold and 168g/t silver.

A second hole 200 metres along strike intersected a mineralised structure with anomalous copper, gold (up to 3.5g/t) and molybdenum values

Azure also said drilling will explore the nearby Cascada prospect, where historical drill intercepts include:

- 7.6 metres at 19.8g/t gold from 56.4 metres;
- 48.4 metres @ 1.47g/t gold from 4.6 metres; and
- 24.4 metres @ 1.86g/t gold from surface.

Tony Rovira, executive chairman, finds dealing with the Mexican authorities a easy process, saying, "The straightforward approvals process in Mexico again demonstrates the attractiveness of the country for mineral exploration and mining.

"We compiled a comprehensive Environmental Impact Statement (EIS) to ensure compliance with environmental laws and received prompt approval from the regulatory authorities as a result.”

Promontorio comprises the adjoining Hidalgo, Promontorio & Magistral mineral concessions, collectively known as Promontorio Central, and the surrounding 105 square kilometre mineral concession, Promontorio Regional.

Promontorio Central covers 187 hectares and is subject to an option to purchase agreement whereby Azure will pay US$4.0 million over four years to acquire the concessions, with no royalties payable to either vendors or government.

Azure has 100% ownership of the surrounding Promontorio Regional concession.

 

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Mon, 14 Mar 2011 12:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149962/azure-minerals-to-progress-promontorio-project-after-mexican-government-approval-14627.html
<![CDATA[News - Azure Minerals kicks off drilling targeting copper at San Eduardo JV Project ]]> https://www.proactiveinvestors.com.au/companies/news/149961/azure-minerals-kicks-off-drilling-targeting-copper-at-san-eduardo-jv-project-14377.html Azure Minerals (ASX: AZS) has commenced diamond drilling on its 100%-owned San Eduardo Project targeting porphyry copper and skarn copper-zinc deposits.

San Eduardo covers 234 square kilometers and is located in the state of Sonora in Mexico. It is adjacent to Azure’s other 100%-owned projects of El Tecolote and La Tortuga.

Drilling at San Eduardo will be undertaken in a joint venture with OZ Minerals (ASX: OZL) with two holes to 800 metres deep.

Exploration on the project is being funded by OZ Minerals (ASX: OZL) which may earn a 70% interest in the project by sole funding the first US$13 million of expenditure. OZ Minerals has so far spent about US$360,000.

Exploration has comprised geological mapping, surface sampling, an airborne magnetic and radiometric survey, and an Induced Polarisation (IP) survey.

The drilling program comprises two diamond core holes, each drilled to 800m, to test the coincident geological, geophysical and geochemical anomalies at the El Venado prospect.

On March 1 Azure announced it will raise about A$4.57 million through a share placement of 50,782,334 fully paid ordinary shares at $0.09 each for the development of its portfolio of projects in Mexico.

On the same day it announced that it completed a drilling program on its Tecolote Project and will shortly commence a 500 metre deep hole targeting copper at the adjoining La Tortuga Project in Mexico.


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Thu, 03 Mar 2011 12:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149961/azure-minerals-kicks-off-drilling-targeting-copper-at-san-eduardo-jv-project-14377.html
<![CDATA[News - Azure Minerals completes drilling at Tecolote, to target copper at La Tortuga ]]> https://www.proactiveinvestors.com.au/companies/news/149960/azure-minerals-completes-drilling-at-tecolote-to-target-copper-at-la-tortuga--14314.html Azure Minerals (ASX: AZS) has completed a drilling program on its Tecolote Project and will shortly commence a 500 metre deep hole targeting copper at the adjoining La Tortuga Project in Mexico.

The seven hole, 785 metre diamond drilling program on its 100%-owned Tecolote Project, located in the state of Sonora, is now complete and assay results are expected within two weeks.

Azure has now moved the drill rig to its 100%-owned La Tortuga Project where JV partner Japan Oil, Gas and Metals National Corporation (JOGMEC) has requested a single, 500m deep, hole to be drilled to test a porphyry copper target defined by coincident geochemical and geophysical anomalies.

Drilling on the La Tortuga Project is being funded by JOGMEC which can earn a 51% interest by spending US$3 million of exploration expenditure. JOGMEC has funded about US$1.65 million of expenditure.

The La Tortuga Project comprises the La Tortuga and Los Nidos properties, covering 213km2 and is situated only three kilometres east of the now closed El Tecolote Mine which is now owned 100 % by Azure.

The El Tecolote Mine produced 1.4 million tonnes at 1.9% copper, 7.0% zinc and 47g/t silver in 1978-1984, and is located 90 kilometres northwest of Hermosillo, the capital of Sonora State, where Azure has its exploration and administration base.

Azure has completed 12 diamond core hole at La Tortuga for a total of 4,060m. Anomalous grades of porphyry copper and skarn copper-zinc mineralisation have been intersected, with a best intercept of 156.9m at 0.2% copper and 0.2% zinc from surface.

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Tue, 01 Mar 2011 11:23:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149960/azure-minerals-completes-drilling-at-tecolote-to-target-copper-at-la-tortuga--14314.html
<![CDATA[News - Azure Minerals raises A$4.57m to progress manganese and copper projects in Mexico ]]> https://www.proactiveinvestors.com.au/companies/news/149959/azure-minerals-raises-a457m-to-progress-manganese-and-copper-projects-in-mexico-14309.html Azure Minerals (ASX: AZS) will raise about A$4.57 million through a share placement of 50,782,334 fully paid ordinary shares at $0.09 each for the development of its portfolio of projects in Mexico.

Funds will be used to assist with the acquisition of the San Francisco Manganese Project, fund exploration at its other properties, and for general working capital purposes.

At the San Francisco project, which is targeting high grade manganese, drilling is designed to convert the existing Foreign Resource Estimate to a JORC Resource.

Drilling is also underway at Tecolote, which covers 138 square kilometres and contains the now closed Tecolote copper-zinc-silver mine, highlighting there are known resources in the area.

Drilling at San Eduardo will be undertaken in a joint venture with OZ Minerals (ASX: OZL) with two holes to 800 metres deep.

La Tortuga will be a joint venture with JOGMEC, with a 500 metre deep core hole to test a porphyry copper target.

Azure's portfolio of projects in Mexico also include the high grade copper-gold deposit, Promontorio.

Azure is no longer suspended from trading on the release of this announcement.

The placement was undertaken by RFC Corporate Finance Ltd (RFC) and shares are expected to be allotted later this week. Strong interest from domestic investors has resulted in the placement being oversubscribed.

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Tue, 01 Mar 2011 09:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149959/azure-minerals-raises-a457m-to-progress-manganese-and-copper-projects-in-mexico-14309.html
<![CDATA[News - Azure Minerals granted suspension pending capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/149958/azure-minerals-granted-suspension-pending-capital-raising-announcement-14272.html Azure Minerals (ASX: AZS) has been granted a short term suspension by the ASX pending a capital raising announcement.

The Mexican focused explorer has not yet indicated where the potential new inflow of funds will be allocated, but last week the company announced a ramp-up in exploration across four projects.

At the San Francisco project, which is targeting high grade manganese, drilling is designed to convert the existing Foreign Resource Estimate to a JORC Resource.

Drilling is also underway at Tecolote, which covers 138 square kilometres and contains the now closed Tecolote copper-zinc-silver mine, highlighting there are known resources in the area.

Drilling at San Eduardo will be undertaken in a joint venture with OZ Minerals (ASX: OZL) with two holes to 800 metres deep.

La Tortuga will be a joint venture with JOGMEC, with a 500 metre deep core hole to test a porphyry copper target.

 

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Mon, 28 Feb 2011 10:03:00 +1100 https://www.proactiveinvestors.com.au/companies/news/149958/azure-minerals-granted-suspension-pending-capital-raising-announcement-14272.html