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.
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