- Azucar Minerals (AMZ) is preparing to resume activities at its El Cobre porphyry copper-gold project in Veracruz State, Mexico
- The company has received approval from the Mexican health authority to recommence its operations and is currently implementing the necessary health and safety protocols
- Part of the work will involve deepening the EC-20-108 hole, which was suspended due to the outbreak of COVID-19
- The results of drilling efforts at the project’s Primo target were also announced, including 200 metres at 0.4 grams per tonne of gold and 0.24 per. cent copper
- Azucar Minerals (AZM) is currently up 5.56 per cent to C$1.71 per share
Azucar Minerals (AMZ) is preparing to resume activities at its El Cobre porphyry copper-gold project in Veracruz State, Mexico.
The Vancouver-based company recently secured approval from the Mexican health authority to recommence its activities, and is currently working to prepare its on-site facilities and implement the necessary health and safety protocols.
A key part of the work resumption will be the deepening of the EC-20-108 hole, which was suspended due to the COVID-19 outbreak. Prior to the work stoppage, the hole was beginning to intersect a region thought to be above or next to the target area based on previously collected geophysical data.
In addition to the planned recommencement of work, the company outlined its latest drilling results from the Primo target, which is a newly defined region that was discovered in 2019.
Drill hole EC-19-086 returned 200 metres at at 0.4 grams per tonne of gold and 0.24 per. cent copper, which includes 55.6 metres at 0.94 grams per tonne of gold and 0.56 per cent copper.
J. Duane Poliquin, Chairman of Azucar Minerals, said the company will continue to push its intensive two-year drill program at the El Cobre Project.
“The drill program has identified multiple zones of porphyry mineralisation within a large area of hydrothermal alteration.
“The footprint of the system is very large and future work will be focused on searching for the core feeder zones of this large system,” he added.
Located approximately 75 kilometres northwest of the port city of Veracruz, the El Cobre Project sits at an altitude of 200 metres and covers roughly 7,000 hectares.
It hosts five copper-gold porphyry zones: Norte, Villa Rica, El Porvenir, Encinal and Suergo, which are defined by distinct copper-gold soil anomalies, positive magnetic features and a large induced polarisation chargeability anomaly.
The largest of these zones is Villa Rica which, to date, has been the subject of limited drilling activities.
Azucar Minerals (AZM) is currently up 5.56 per cent to C$1.71 per share at 12:17pm EDT.