azure hits 40percent copper at promontorio

AZURE HITS +40% COPPER AT PROMONTORIO

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-
For further information, please contact:
Tony Rovira Shane Murphy
Executive Chairman Porter Novelli
Azure Minerals Ltd +61 8 9386 1233
+61 8 9481 2555 +61 (0)420 945 291
Or visit www.azureminerals.com.au
Competent Person Statement: Information in this report that relates to Exploration Results is based on information compiled by Mr Pat Manouge, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Manouge is a full-time employee of Azure Minerals Limited. Mr Manouge 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 Manouge consents to the inclusion in the documents of the matters based on his information in the form and context in which it appears.
TABLE 1 - SIGNIFICANT INTERCEPTS FROM DRILLHOLE APR-DD-009
DRILL HOLE
FROM
(m)
TO
(m)
INTERVAL
(m)
COPPER
(%)
GOLD
(g/t)
SILVER
(g/t)
APR-DD-009
82.00
91.40
9.40
12.5
3.9
266
including
86.00
86.50
0.50
43.9
5.1
686
and
90.25
90.75
0.50
46.6
7.2
873
130.60
131.40
1.40
20.7
1.2
270
including
130.60
131.40
0.80
35.6
1.8
455
including
130.60
131.00
0.40
44.2
1.4
508
Intersections selected are based on sulphide intercepts using a 0.5% copper lower cut-off, no upper cut, with maximum 4m internal dilution. Samples are all HQ quarter core.
Sample preparation was undertaken by ALS-Chemex (Hermosillo) and analysed by ALS-Chemex (Vancouver) using ICP-AES (for silver and base metals) and Fire Assay / AAS (for gold) methods.
Certified Reference Standards and blank check samples are inserted at regular intervals to provide assay quality checks. Review of the standard and blank samples are within acceptable limits.
TABLE 2 – PROMONTORIO DRILL HOLE DETAILS
DRILL HOLE
EASTING
(mE)
NORTHING
(mN)
ELEVATION
(mASL)
DIP
AZIMUTH
DEPTH
(m)
APR-DD-001
9997
10096
2041
-45
045
158.65
APR-DD-002
10016
10021
2012
-53
090
137.45
APR-DD-003
9997
10096
2041
-47
090
100.25
APR-DD-004
10026
9999
2023
-54
090
157.70
APR-DD-005
9997
10096
2041
-60
090
188.00
APR-DD-006
9978
10060
2014
-46
090
144.70
APR-DD-007
9997
10096
2041
-69
090
152.45
APR-DD-008
9978
10060
2014
-57
090
160.00
APR-DD-009
9997
10096
2041
-80
090
210.35
APR-DD-010
9957
10063
2010
-63
090
182.75
APR-DD-011
9989
10013
2020
-52
090
142.50
APR-DD-012
10002
10050
2015
-45
090
102.80
APR-DD-013
9972
10148
2040
-55
090
211.00
APR-DD-014
9989
10013
2020
-69
090
179.60
APR-DD-015
9972
10148
2040
-61
090
194.40
APR-DD-016
9989
10013
2020
-61
090
201.00
APR-DD-017
9972
10148
2040
-66
090
270.45
APR-DD-018
9940
10026
2024
-50
090
140.40
APR-DD-019
9993
10099
2035
-75
090
195.00
APR-DD-020
9940
10026
2024
-60
090
230.95
APR-DD-021
9922
10140
2007
-45
090
160.00
APR-DD-022
9940
10026
2024
-66
090
201.00
APR-DD-023
9922
10140
2007
-53
090
240.00
APR-DD-024
10039
10035
2013
-45
090
57.10
APR-DD-025
9922
10140
2007
-60
090
275.00
APR-DD-026
To Be Drilled
APR-DD-027
To Be Drilled
APR-DD-028
9953
10065
2003
-70
090
225.00
APR-DD-029
9875
10099
2012
-55
090
124.35
APR-DD-030
To Be Drilled
APR-DD-031
9930
10101
2008
-64
090
261.55
APR-DD-032
To Be Drilled
APR-DD-033
9930
10101
2008
-55
090
184.55
All drillhole collars were surveyed by DGPS with accuracy of +/- 10mm.
Drillhole coordinates are in local grid, parallel to UTM NAD27 grid.
All drillholes were down hole surveyed for dip and azimuth at approximately 30 metre intervals down hole.
Elevation is metres above sea level. Azimuth is true bearing.
FIGURE 1 – PROMONTORIO DEPOSIT GEOLOGY