https://www.miningweekly.com

Azure spreads copper wings in Mexico

6th February 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) - ASX-listed Azure Minerals has acquired the Loreto copper project, in Mexico, for $137 000, along with a 1% net smelter royalty.

“We had identified the Baja Peninsula as a highly prospective area some time ago, and had been actively looking for opportunities to acquire a foothold in that province,” said MD Anthony Rovira on Wednesday.

“The acquisition of the Loreta project, for what we see as a bargain price, is a great first step in that area.”

The Loreta project contains occurances of outcropping copper mineralisation and artisanal mine workings. Surface samplings have returned several anomalous copper and gold assays, ranging up to 10.1% and 2.1% copper, and 7.6 g/t and 2.8 g/t gold.

The project covers some 9 571 ha and is located on the east coast of the Baja California Peninsula.

Azure said on Wednesday that a field exploration programme would start in mid-February.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.038 0.79s - 110pq - 2rq
Subscribe Now