Company Profile
Azure Minerals Limited (ASX: AZS) is an explorer and developer of precious and base metal projects in Mexico. The company is exploring in the richly mineralised Sierra Madre Occidental mining province in northern Mexico, and is expanding its activities to other mining districts in northern Mexico. Through exploration success and selective project acquisition, Azure aims to become an independent minerals producer in Mexico.
Azure currently holds nine 100%-owned projects and 13 projects in joint venture with TSX-V listed Geoinformatics Exploration Inc, in which Azure has earned an initial 51% interest. The entire project portfolio now covers an impressive area of 186,200 hectares (1,862 km2). Drilling has intersected promising mineralisation in copper, gold, silver, zinc, lead and molybdenum.
The company has secured an option to purchase 100% ownership of the Promontorio Project in the state of Chihuahua, where an historical resource of 1M tonnes @ 4.0% copper, 2.4g/t gold & 63g/t silver exists. Azure is undertaking an intensive drilling campaign to produce a JORC Code compliant resource and to further expand the resources, and has made a fast track start on a pre-feasibility study.