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- Azure Minerals (AZS) begins exploration work at Barton Gold Project, located in the Eastern Goldfield’s region of Western Australia
- The newly granted tenement is said to contain 67 graticular blocks covering approximately 200 square kilometres of the Kookynie Gold District
- AZS has begun an airborne magnetic survey and plans to undertake aircore and reverse circulation drilling to follow-up historical drill holes
- The company is encouraged by the success of nearby explorers and says there is potential for the discovery of significant gold mineralisation on its landholding
- Shares dropped 6 per cent to trade at 23.5 cents at 3:28pm AEST
Azure Minerals (AZS) has begun exploration work at its newly granted tenement comprising the Barton Gold Project, located in the Eastern Goldfield’s region of Western Australia.
AZS acquired the project back in September 2020 from 30 Well, and has now completed the transaction following payment of 1.15 million fully paid ordinary shares and $20,000 upon granting of the tenement, while the full transfer of the Barton tenement is in progress.
Tenement E40/393 was granted on July 1, and is said to contain 67 graticular blocks covering approximately 200 square kilometres of the Kookynie Gold District, adjoining several growing gold deposits and projects.
With the grants in hand, AZS has started exploration work with an airborne magnetic survey.
Following this, the company is planning to undertake aircore and reverse circulation drilling to follow-up historical drill holes, as well as test for extensions of gold mineralised zones currently being drilled by other companies.
Commenting on the nearby success of other companies, Azure’s Managing Director Tony Rovira said the largely unexplored landholding has good potential for the discovery of significant gold mineralisation.
Shares dropped 6 per cent to trade at 23.5 cents at 3:28pm AEST.
