High-grade results from Los Chinos

30 July 2007 | 07:51 Code : 14747 Geoscience events
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Azure Minerals’ initial surface sampling program on its Los Chinos Project in Sonora....

  Azure Minerals’ initial surface sampling program on its Los Chinos Project in Sonora, Mexico has returned very positive assay results in both precious and base metals.Azure hold the Los Chinos Project in joint venture with Toronto listed Geoinformatics Exploration, with Azure earning a 51 percent interest. The JV recently acquired the property as part of the ongoing program of regional exploration, target identification and project acquisition. Los Chinos covers 94sqkm and is located within the La Caridad mineralised corridor. According to Azure, the project area is characterised by numerous historical mine workings throughout the property, which have exploited replacement-style mineralisation to shallow depths. Azure said the mineralisation is hosted by a mixed sequence of sediments and volcanics, which have undergone very strong and extensive alteration, indicating the presence of buried intrusives, which are likely to be the source of the mineralisation. The company collected channel and rock chip samples from outcrop, and dump samples from old mine workings, from several different areas within the property, with high-grades of lead, zinc, copper, molybdenum, silver and gold returned, associated with extensive alteration and replacement of sedimentary horizons. Azure’s Executive Chairman, Tony Rovira said Los Chinos had the potential to host significant polymetallic mineralisation. “What is significant about Los Chinos is the overall size and intensity of the alteration system, which covers more than 5sqkm, and the high grades returned in numerous commodities,” said Mr Rovira. “Of particular interest to us is the high molybdenum values in replacement style mineralisation, indicating close proximity to intrusive rocks,” he said. “This could mean that one or more large copper-molybdenum mineralised porphyry systems underlie the area at shallow depths.”

tags: QAZVIN


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