Azure Minerals (ASX: AZS) has sold two of its inactive non-core assets in Sonora, Mexico, for US$100,000.
The company said that while the Estacion Llano and San Juan projects still had some value, they were both inactive and unlikely to receive attention while it focused on high value projects such as the high grade Promontorio copper-gold-silver project.
It added the sale is in line with its strategy of gaining value from its projects, while also seeking new opportunities through the acquisition of projects which have significant potential.
Azure had in January completed a 33 hole diamond drilling program at Promontorio in Chihuahua, Mexico.
Thirty one holes were drilled as part of the resource expansion program at the Promontorio deposit, with the final two holes were drilled as part of a wider exploration program to test the Cascada and Risco Dorado prospects.
Notable high grade intercepts reported to date include 2.3 metres at 21.9% copper equivalent, 4.75 metres at 8.8% copper equivalent and 4.5 metres at 11% copper equivalent.
Azure had $1.5 million in cash as of 31 December 2012.
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