Loma Bonita Gold Deposit Continues to Grow

Azure Minerals Limited announces Alacrán Project drilling continues to intersect wide intervals of significant gold and silver mineralisation.

  • Strong gold intersections from southern Loma Bonita, including:
    • MDPC-153: 58.5m @ 0.7g/t Au from 15m; including 19.5m @ 1.0g/t Au
    • MDPC-154: 73.5m @ 0.7g/t Au from 0m; including 12.0m @ 1.3g/t Au
    • MDPC-155: 31.5m @ 1.7g/t Au from 0m (entire hole)
    • MDPC-160: 37.5m @ 1.8g/t Au from 1.5m; including 19.5m @ 2.4g/t Au
    • MDPC-161: 28.5m @ 1.3g/t Au from 0m
    • MDPC-162: 34.5m @ 1.2g/t Au from 87m; including 6.0m @ 3.3g/t Au
  • Drilling confirms that gold mineralisation extends for a further 100m to 150m south of the southern boundary of the current Loma Bonita mineral resource
  • As expected, drilling within Mesa de Plata silver resource to collect samples for advanced metallurgical testwork returned strong silver intersections including:
    • MDPC-150: 10.5m @ 805g/t Ag from 12m; including 6m @ 1,284g/t Ag
    • MDPC-151: 24.0m @ 474g/t Ag from 36m; including 15m @ 677g/t Ag
    • MDPC-152: 40.5m @ 344g/t Ag from 0m; including 10.5m @ 774g/t Ag

Azure Minerals Limited (“Azure” or “the Company) (ASX: AZS) is pleased to announce that drilling continues to intersect wide intervals of significant gold and silver mineralisation on its 100%-owned Alacrán Project in Sonora, Mexico.

MINERAL RESOURCES
Azure’s previous exploration on Alacrán discovered the Mesa de Plata silver deposit (refer Table 3 for Mineral Resource) and the adjacent Loma Bonita gold-silver deposit (refer Table 4 for Mineral Resource) (see Figures 1 & 2). These two deposits contain total mineral resources of:

Mesa de Plata (ASX: 1 December 2016):

27.4Moz silver in 10.5Mt @ 82g/t Ag

  • Includes an at-surface high-grade resource of: 15.5Moz silver in 1.8Mt @ 275g/t Ag

Loma Bonita (ASX: 21 December 2016):

  • 150,000oz gold & 4.8Moz silver in 5.4Mt @ 0.9g/t Au & 28g/t Ag

DRILL PROGRAM DETAILS

The Reverse Circulation (RC) drilling program is being undertaken at the Loma Bonita gold-silver deposit for resource infill and extension, at Mesa de Plata to collect additional samples for advanced metallurgical testwork, and at several greenfields exploration targets.

Click here to read the full ASX announcement

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