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Be the first with the news that moves the market- With the relaxation of COVID-19 restrictions, Azucar Minerals (AMZ) has resumed drilling work at its El Cobre Project in Veracruz State, Mexico
- The company received approval from the Mexican health authority to recommence its operations in early September, and has now implemented all necessary safety protocols
- Initial work will involve deepening the EC-20-108 hole, which was suspended following the outbreak of the pandemic in March
- The hole sits within the Primo Zone, which previously returned 200 metres at 0.4 grams per tonne of gold and 0.24 per cent copper
- Azucar Minerals is currently steady at C$1.03 per share
With the relaxation of COVID-19 restrictions, Azucar Minerals (AMZ) has resumed drilling work at its El Cobre Project in Mexico.
In early September, the Vancouver-based company received approval from the Mexican health authority to recommence its operations. All on-site facilities have now been re-opened, and all work is being carried out in accordance with new COVID-19 safety protocols.
To date, Azucar has identified five copper-gold porphyry zones within the El Cobre Project, which sit along a five-kilometre trend that stretches from the Norte region in the north to the Encinal region in the southeast.
Initial work will involve deepening the EC-20-108 hole, located within the Primo Zone, which was suspended in March following the outbreak of the pandemic.
Having first been defined in 2019, the Primo Zone is a newly discovered target of interest. According to previous results, 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.
In addition to the work at the Primo Zone, Azucar also intends to focus on the Porvenir and Villa Rica targets, located to the east and west, respectively, with a view to further delineating resource potential at the El Cobre Project beyond that contained in an initial resource estimate published on September 29, 2020.
“Our press release on September 29 outlined a substantial initial resource endowment at the Norte Zone, said Duane Poliquin, Chairman of Azucar Minerals.
“We believe that this is just the beginning of our work to quantify the mineral potential of this area and with our safety protocols in place we are excited to return to exploration of the broader property area,” he added.
Azucar Minerals is currently steady at C$1.03 per share, as of 2:42pm EST.
