Azure extends molybdenum mineralisation

16 September 2007 | 06:11 Code : 15270 Geoscience events
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Azure Minerals has confirmed the presence of a large molybdenum-rich zone of....
Azure extends molybdenum mineralisation

  Azure Minerals has confirmed the presence of a large molybdenum-rich zone of mineralisation at its Pozo de Nacho project in Mexico, following the successful completion of second phase diamond core drilling at the project.Azure said a substantial body of molybdenum mineralisation had been intersected over an area of 800m by 250m and from surface to depths in excess of 300m. The mineralised zone remains open in most directions. Azure Managing Director, Tony Rovira said that several holes ended while still within molybdenum mineralisation. “The drill holes ending in mineralisation provide us with an excellent indication of the significant depth extent and overall size potential of this mineralised system,” Mr Rovira said. “We believe that Pozo de Nacho has the potential to host a very large body of molybdenum mineralisation.“In order to expand the known mineralisation and further define this potential we are currently planning further drilling for Pozo de Nacho,” he said. According to Azure, the mineralised system remains open to the east, west and north, and extends from surface to depths exceeding 300 vertical metres. In addition a large number of assays exceed 0.1%MoS2, which augers well for delineating higher grade zones of mineralisation with future drilling. Mineralisation is present as veins and coarse to fine disseminations of molybdenite hosted within strongly altered quartz porphyry and surrounding sediments. Chalcopyrite (copper sulphide) mineralisation is also present, producing modest copper grades, and silver mineralisation occurs throughout the system. The Pozo de Nacho project is part of a larger joint venture with Geoinformatics Exploration, in which Azure is earning a minimum 51 percent interest.

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