Azure Minerals Limited (ASX Code: AZS) is a mineral exploration company operating in the world renowned Sierra Madre Occidental mining province in northern Mexico. Azure holds 100% ownership of 14 precious and base metal properties covering 1,690km2. It is focused on developing and operating mining projects.
Some of Azure's priority projects include:
The high grade Promontorio copper-gold-silver project in Chihuahua has a JORC resource of502,000 tonnes @ 4.7% Cu, 2.1g/t Au & 99g/t Ag. Metallurgical testwork produced excellent metal recoveries into a high grade copper-gold-silver concentrate. Economic evaluation shows Promontorio can be developed and operated profitably.
Exploration for large porphyry copper deposits is underway in joint venture with Japanese Government corporation JOGMEC (La Tortuga), and Australian copper miner OZ Minerals (San Eduardo). Both companies may earn a 51% interest in their respective projects by expending US$3 million within 3 years.
Tecolote hosted an historical copper-zinc-silver operation which mined and treated about one million tonnes @ 1.8% Cu, 6.9% Zn and 50g/t Ag. Potential exists for additional copper-zinc mineralisation surrounding the mine and also nearby porphyry copper deposits.