Azure Minerals has reported the initial mineral resource estimate for its Oposura zinc-lead-silver project located in Sonora, Mexico.
Azure Minerals (ASX: AZS) has reported the initial mineral resource estimate for its Oposura zinc-lead-silver project located in Sonora, Mexico.
As highlighted in the press release:
- Initial mineral resource estimate of 2.9 million tonnes at 5.0 percent zinc and 2.8 percent lead.
- Contained metal: 146,000 tonnes of zinc, 82,000 tonnes of lead and 1.6M ounces of silver.
- 75 percent of contained metal is in the indicated mineral resource category.
- Mineral resource remains open for extensions with further drilling planned for 2018.
- Easily accessible, near-surface mineralisation provides multiple open pit and underground mine scheduling options.
- Pit optimization and underground stope design studies are in progress as part of the preliminary economic assessment due in September.
As quoted in the press release, managing director of Azure, Tony Rovira said:
“This initial Oposura mineral resource is a very positive outcome for the company’s development and production strategy. Containing over 220,000 tonnes of zinc and lead and 1.6 million ounces of silver in near-surface, high-grade mineralized zones, Oposura is presenting a strong case for mine development.
Open pit and underground mine planning and scheduling are now underway. The schedules will be used to optimize the proposed plant throughput rate and finalize the capital and operating cost estimates. Further information on the results of these studies will become available during the third quarter of 2018.”