Azure Minerals, Australia’s leading mineral exploration company in Mexico, announced that it has received approval for the Phase 4 drilling at the Alacrán Project located in the northern Mexican state of Sonora.
Image credit: Azure Minerals’ ASX release
According to Azure, the program envisions drilling at Loma Bonita, Cerro Enmedio and a newly identified prospect in the southern part of the project area, with the number of holes and meterage to be drilled dependent upon results.
“The first stage of drilling campaign will be focused on testing the high priority Loma Bonita prospect, where extensive, highly significant gold and silver grades have been identified by surface sampling,” the company said in a statement to the ASX.
“This mineralisation is hosted in residual quartz (both vuggy and strongly silicified) similar to that which hosts the silver mineralisation at Mesa de Plata. The drill rig has been mobilised to site and drilling of the first hole has commenced.”
The second target area with approved drill sites is Cerro Enmedio, which is located between one and two kilometres south of Loma Bonita.
The company previously drilled one hole near this area, but due to limitations with the drill rig, the hole was terminated at a down-hole depth of 290 metres, well short of the 500m target.
Azure said that despite failing to reach the targeted depth, the hole intersected rocks with potassic alteration, pyrite mineralisation and abundant quartz veinlets, features that suggest the nearby presence of porphyry style mineralisation.
“The Company has been granted a permit for the construction of access roads and drill pads in order to test Cerro Enmedio and drilling will be undertaken following the Loma Bonita drilling,” Azure said.
