As if opening a jewellery box, virtually everywhere Azure Minerals (ASX: AZS) looks, it discovers silver, gold and base metals at its flagship Alacrán project in Mexico. Ngaire McDiarmid reports.
To say Azure Minerals managing director Tony Rovira is thrilled with the company’s precious and base metals Alacrán project in northern Mexico is an understatement.
Within 18 months of acquiring the rights to the property, Azure has established a near-surface, multi-million ounce JORC mineral resource estimate at the Mesa de Plata silver deposit and now is forging ahead to progress the Alacrán project on two fronts.
“One is a pathway to the development of mining operations and the second is to continue our exploration success that we’ve been having,” Rovira explains.
The Mesa de Plata (Spanish for silver table) resource contains 25.9 million ounces of silver in 9.6 million tonnes at 84 g/t silver, including a high-grade zone of 15.3Moz of silver contained in 2.2 million tonnes.
Mineralisation remains open to the north-west and north-east.
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