Azures Managing Director, Mr Tony Rovira commented: I am delighted with the progress we have made at the Alacrán and Promontorio Projects over the last quarter. Delivering the maiden resource at Mesa de Plata was a particular highlight, which allows us to progress toward assessing our various development strategies, and the results from our active drilling programs continue to demonstrate the huge potential of both projects.
Pete Dougherty, President & CEO stated: We are pleased with the outcome of the ruling, which confirms our belief that the local zoning plan should not have impeded the permitting of the San Antonio project. This ruling does not mean that our permits are granted but does provide the basis of understanding for all involved in the permitting process. We will continue to engage and work closely with all stakeholders to advance the San Antonio project. We believe that San Antonio provides an opportunity for a model mine with the use of clean technologies that also provides near and long-term benefits to the region.
The net proceeds of the Offering will be used to fund the exploration and development of the Company’s La Cigarra project in Mexico and for general working capital purposes.
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