After passing through a thick sequence of overlying post-mineral cover rocks, the drill hole entered the target basement rocks at 593m. Unfortunately after drilling only 10 metres into promising-looking intrusive rocks, excessive water flow prevented any further advance by the drill, and the hole was terminated at 603m.
This is the second hole that has been attempted into the La Tortuga porphyry copper target with both holes being prematurely terminated due to difficult drilling conditions. After entering the target zone, both holes intersected strongly hematite-altered and brecciated granitic rocks with quartz-hematite veinlets. Assays from the first hole contained encouraging elevated values of precious metals, base metals and other pathfinder elements. Assays for samples from the second holes are awaited.
Azure will consult with drilling companies to determine the most appropriate drilling method and equipment to ensure success at its next attempt.
Victoria Thomas
Six Degrees Investor Relations
Ph:+61 3 9645 7567
or visit www.azureminerals.com.au
Competent Person Statement:
Information in this document that relates to Exploration Results is based on information compiled by Mr Tony Rovira, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Rovira is a full -time employee of Azure Minerals Limited. Mr Rovira has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Rovira consents to the inclusion in the documents of the matters based on his information in the form and context in which it appears.
