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Azure surges on gold hits

5th February 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The share price of junior Azure Minerals spiked significantly on Wednesday, after the company announced significant gold intersections from drilling at the Loma Bonita gold/silver deposit, at its Alacran project, in Mexico.

The company reported gold intersections including 126 m at 2 g/t gold from 1.5 m, including 64.5 m at 2.8 g/t gold, which included 34.5 m at 3.9 g/t gold.

The reverse circulation drilling programme at Loma Bonita has to date completed ten holes, for a total of 1 259.5 m, with drilling continuing. Gold, silver and base metal assays have been received for the first six holes.

The deposit extends over 600 m north-south and up to 200 m east-west, and remains open in the north, east and south.

Azure was trading at a high of 17.5c a share on Wednesday up from an opening price of 13.5c a share.

Edited by Creamer Media Reporter

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