El Cuervo: (copper-zinc-molybdenum; 100% Azure)
El Cuervo is located 50 kilometres north of Chihuahua City, the capital of the State of Chihuahua. This is a large property of 258km2 located towards the northern end of the Chihuahua Trough, a major geological feature containing numerous base metal mines including the nearby limestone-hosted, world-class Santa Eulalia silver-lead-zinc mine.
The property is situated five kilometres north of the Terrazas zinc-copper deposit (90Mt @ 1.37% zinc & 0.32% copper), which is currently under feasibility study by TSX-listed Constellation Copper Corporation. More than 20 strike kilometres of the limestone and associated felsic intrusive sequence that hosts Terrazas and other contact skarn deposits in the district are contained within the property.
El Cuervo has potential for repetitions of Terrazas style deposits and for massive sulphide silver-lead-zinc mineralisation similar to Santa Eulalia and Naica. The El Cuervo property also surrounds the Peña Blanca mineral field which is held by the Mexican Government. The southern portion of Peña Blanca hosts several shallow, high grade molybdenum deposits, which are reported to contain a total of 9.3Mt @ 0.13% Mo for approximately 11,700 tonnes (25.8Mlbs) of molybdenum.
El Cuervo contains more than 100km2 of the same geological sequence that hosts the Peña Blanca deposits. No known drilling has been completed within the El Cuervo property, with all historical exploration being focused on the neighbouring occurrences at Peña Blanca with its outcropping mineralisation. Azure considers El Cuervo to have potential for hosting molybdenum deposits of the Peña Blanca style and will carry out surface exploration and drilling during 2008.