- Azucar Minerals (AMZ) has received and compiled results from the two holes completed into the Lithocap Target
- Large intervals of brecciated rock were intersected, possibly reflecting a diatreme-like body that may have disrupted any earlier porphyry alteration zonation in this area
- The second hole intersected a late sulphide vein that returned 0.70 metres of 0.95 per cent copper and 0.42 g/t gold
- Azucar Minerals (AMZ) was down 9.09 per cent, trading at C$0.05 as of 9:45 am ET
Azucar Minerals (AMZ) has received and compiled results from the two holes completed into the Lithocap Target.
Large intervals of brecciated rock were intersected, possibly reflecting a diatreme-like body that may have disrupted any earlier porphyry alteration zonation in this area. The second hole intersected a late sulphide vein that returned 0.70 metres of 0.95 per cent copper and 0.42 g/t gold. The company is reviewing how best to further explore this lithocap target as well as other zones on the project.
J.D. Poliquin, Chairman of Azucar Minerals, stated that these two holes were the first to be drilled into this newly defined alteration target.
“It is important to remind shareholders that this zone is one of many porphyry targets and centres on the project. We have defined a preliminary resource on the most explored Norte Zone, and we intend to continue our exploration on this project to further unlock the potential of the multiple zones and targets which are yet to be fully tested.”
The El Cobre project covers a 5 km trend of porphyry copper-gold associated alteration and mineralization where five separate zones explored.
Past drilling campaigns have returned significant porphyry copper and gold assays from multiple targets.
High-grade intersections from these targets highlight the potential for significant mineral endowment.
Azucar is an exploration company working on the El Cobre project in Veracruz, Mexico, covering multiple gold-rich porphyry targets.
Azucar Minerals Ltd. (AMZ) was down 9.09 per cent, trading at C$0.05 as of 9:45 am ET.