Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Azure Minerals has encountered high-grade gold and silver intercepts as exploration begins at its Alacrán project, Mexico
  • A resource estimate forecasts Alacrán to hold 32 million ounces of silver and 150,000 ounces of gold
  • A drilling program is set to commence in quarter four this year
  • Azure’s share price is up 6.25 per cent today, currently sitting at $0.17 apiece

Azure Minerals has found high-grade silver and gold at its Mexico-based Alacrán project, as exploration begins.

Resource estimates forecast the project to hold 32 million ounces of silver and 150,000 ounces of gold.

A drilling program is set to begin in quarter four this year, targeting the identified gold and silver intersections.

The targets have so far been identified at the Mesa de Plata and Loma Bonita deposits.

Azure’s Managing Director Tony Rovira said the Mesa de Plata zone is one of the highest-grade silver deposits internationally.

This confirms “the strong potential for large and high-grade, epithermal-style precious metal deposits at Alacrán,” Tony added.

The company has full ownership of the Alacrán project after purchasing it from the Canadian company Minera Teck in 2014.

Azure’s share price is up 6.25 per cent today, currently sitting at $0.17 apiece, as of AEST 12:41 pm.

AZS by the numbers
More From The Market Herald
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) achieves record net income in June quarter

Champion Iron (ASX:CIA) has achieved a record net income of C$75.6 million (roughly A$78.9 million) during…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) to return to full production at Bloom Lake

As of April 15, mining services have been deemed a "priority service", so Champion can ramp…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) winds down mining at Bloom Lake

Mining company Champion Iron (CIA) will decrease operations at its Bloom Lake mine in Canada, per a government directive.

" A recommissioned mine pushes Champion Iron over a significant milestone

Canadian based mining explorer Champion Iron reached its ten-millionth shipped tonne of iron ore today, thanks…