Proactive Investors - Run By Investors For Investors

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.
Azure Minerals updates on Promontorio Project
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."

View full AZS profile View Profile

Azure Minerals Ltd Timeline

December 14 2016

Related Articles

Fort Cady Borate Project in Southern California
March 11 2019
The company has a strategic cooperation agreement with a borate consumer subsidiary of Sinomach.
Platina’s scandium oxide sample
April 10 2019
Products derived from Platina’s scandium can produce master alloy material.
Breaking first ground at the HPA plant site
August 10 2018
Stage I construction at Johor site kicks off with a geotechnical drilling and ground survey program.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use