Azure Minerals Ltd (ASX:AZS) has moved to secure two new exploration licence applications (ELA) in the Kookynie Gold District of Western Australia and has also applied for two additional licences to the south of Azure’s Barton tenement package.
Azure says it now holds a very large, strategically situated portfolio of tenements within the gold-rich Kookynie district and covering potential extensions to the south, comprising:
- one granted Exploration Licence (E40/393: 198 square kilometres);
- six ELAs (totalling 483 square kilometres) with Azure as the sole applicant; and
- four ELAs (totalling 336 square metres) where Azure is a competing applicant, and which will go into a Mining Warden’s Court ballot to decide ownership.
These tenements collectively hold some 88 kilometres of potential strike length, hosting numerous under-explored mineralised trends covering greenstone belts, adjacent granite margins and favourable structural settings prospective for gold and base metals mineralisation.
New tenement details
Azure has made application for two exploration licences located within the Kookynie Gold District. The tenements are:
- Christmas Well ELA 40/421, 69 square kilometres, Azure is sole applicant
- Two Dees ELA 40/432, 33 square kilometres, Azure is sole applicant
Christmas Well has potential for Kookynie-style gold mineralisation and Volcanogenic Massive Sulphide (VMS) mineralisation (copper-zinc-lead-gold-silver).
Two Dees is prospective for gold mineralisation similar to Genesis’ nearby Ulysses and Admiral-Butterfly-Clark gold deposits.
Azure has also made applications for two new exploration licences further south from Kookynie:
- Cranky Jack ELA 31/1310, 173 square kilometres, Azure is sole applicant
- Yarri ELA 31/1314, 208 square kilometres, multiple applications, pending ballot
Cranky Jack covers about 33 kilometres of strike length in the southern extension of the Kookynie greenstone belt which hosts a mix of mafic to felsic volcanic rocks bounded to the east and west by granites.
The property is considered prospective for Kookynie-style gold mineralisation and VMS-style base metals mineralisation.
Azure’s Yarri tenement application is in competition with three other applicants, and ownership will be decided by ballot at the Kalgoorlie Mining Warden’s Court. Yarri is considered prospective for both gold and nickel sulphide mineralisation.
Watch: Azure Minerals picks up four new tenements in Barton area, where strong gold results are expected
About Azure Minerals
Azure is committed to progressing its portfolio of precious and base metal projects to deliver shareholder value.
In Australia the company is engaged in:
- continuing to advance the Andover Nickel-Copper-Cobalt Project through the Mineral Resource and Scoping Study stages;
- drilling the unexplored 450-square-kilometre Turner River Gold Project seeking repetitions and extensions of the nearby Mallina and Hemi gold deposits;
- drilling on the under-explored 200-square-kilometre Barton Gold Project, which is located between several large and growing gold deposits in the gold-rich Kookynie Gold District; and
- identifying new opportunities that offer low-cost entry into projects with significant upside.
In Mexico, Azure has commenced a strategic review of its 100%-owned precious metals and base metals projects in Mexico, including the Alacrán silver-gold-copper project and the Oposura zinc-lead-silver project.