Ann: Quarterly Activities and Cashflow Report-AZS.AX, page-81

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JandJ

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01/08/16

21:47

Post #: 18420633
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Originally posted by The Pirate ↑

I came across this while being laid up. Its a Ann from August 2008

On 13th August Azure Minerals Limited (ASX: AZS) announced that results of the mineralised intercept in drillhole APR-DD-009 were delayed due to the presence of three very high grade copper samples. Those copper grades required re-analysis using a specialised technique as they were too high for standard analytical methods.
The Company is pleased to advise that it has now received those outstanding assays, which to date are the highest copper grades returned from the Promontorio Project, being:
• 0.50 metres @ 43.9% copper from 86.00m;
• 0.50 metres @ 46.6% copper from 90.25m; and
• 0.40 metres @ 44.2% copper from 130.60m.
These samples are contained within wider zones of massive sulphide mineralisation which returned the following exceptional high grade intercepts:
Mina Vieja Vein
• 9.40 metres @ 12.5% copper, 3.9g/t gold & 266g/t silver from 82.00m;
including: 2.65 metres @ 27.7% copper, 7.4g/t gold & 501g/t silver from 84.50m;
and: 1.35 metres @ 28.1% copper, 6.1g/t gold & 654g/t silver from 89.75m.
Veta Grande Vein
• 1.40 metres @ 20.7% copper, 1.2g/t gold & 270g/t silver from 130.60m;
including: 0.80 metres @ 35.6% copper, 1.8g/t gold & 455g/t silver from 130.60m.
To date Azure has completed drilling 29 holes for a total of 5,239 metres, and analytical results have been received for drillholes APR-DD-001 to 010. Resource definition drilling is continuing and the Company is on track to complete and publish a Mineral Resource in the fourth quarter of 2008.
-ENDS-

Could someone please explain to me what the major differences are between this drilling and whats taking place now other than the depth of the holes (i have no knowledge on this subject at all).

Wonder what the market would do with this type of announcement now!!!!

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WOW - I had no idea there was that much background to the Promontorio project.

And to think I said to Thunder the veins were probably too narrow and widely spaced to be significant - sorry Thunder.

Hey? Where can I get some more cash?

AZS Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Activities and Cashflow Report-AZS.AX, page-81

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