leadf
logo-loader
viewAzure Minerals Ltd

Azure Minerals updates on Promontorio Project

Azure Minerals (ASX:AZS) has provided an update on the Promontorio Project in Mexico, where Kennecott Exploration Mexico S.A. de C. V. has elected not to complete the Stage 2 commitments of the earn-in and joint venture agreement required to earn a 51% interest.

shutterstock_92320345-001.jpg
Azure Minerals has provided an update on the Promontorio Project.

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."

Quick facts: Azure Minerals Ltd

Price: 0.815 AUD

ASX:AZS
Market: ASX
Market Cap: $199.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Venture Minerals says Golden Grove North could host significant body of VMS...

Venture Minerals Limited's (ASX:VMS) Andrew Radonjic sat down with Proactive's Andrew Scott after confirming a volcanic massive sulphide (VMS) system with assays of up to 7% zinc in its maiden drilling at the Orcus prospect within the Golden Grove North Project in WA. All three holes returned...

1 day, 7 hours ago

2 min read