Azure Minerals Ltd (ASX:AZS) is developing its two flagship silver projects in Mexico, Promontorio and Alacrán.
Mexico remains comfortably the world's biggest producer of silver.
Azure is free carried for the first US$245 million of expenditure at Promontorio by joint venture partner Kennecott.
The company recently raised $15 million to accelerate the development of the Mesa de Plata and Loma Bonita discoveries within the Alacrán project.
A total JORC Mineral Resource of 9.6 million tonnes at 84 g/t silver for 25.9 million ounces of silver was recently completed for Mesa de Plata.
Mesa de Plata is on top of a hill, minable by open pit with 15.3 million ounces of silver in a near-surface high grade zone.
The mineralised zone remains open to the northwest and northeast. A drill hole to the northeast of the calculated resource has intersected 17.3 metres at 45 g/t silver from surface.
Continued drilling at Loma Bonita is building on from the discovery of shallow, thick, high grade gold mineralisation being identified with drilling intersecting 27 metres at 4.1 g/t gold.
Recent drilling in June has found semi-massive copper sulphide mineralisation at Loma Bonita with an intersection grading 8.4 metres at 0.92% copper.
Azure has a number of institutional shareholders on its register including prospector Mark Creasy through Yandal Investments, Drake Private Investments and Sprott Inc.
Find out more from Tony Rovira, managing director, at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in July 2016.
Sydney Investor Sessions, Tuesday, 5th July.
Melbourne Investor Sessions, Wednesday, 6th July.
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