Azure Minerals Ltd

Azure Minerals acquires high-grade zinc-lead-silver project in Mexico

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

Azure has commenced a program to determine the potential of Oposura

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.

Quick facts: Azure Minerals Ltd

Price: $0.13

Market: ASX
Market Cap: $13.87 m

Add related topics to MyProactive

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


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...



'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

6 hours, 14 minutes ago

2 min read