El Carnero (Azure 100%)
El Carnero
View 67Kb PDF enlargement
El Carnero
View 105Kb PDF enlargement
El Carnero, which covers approximately 90km2, is located only 60 kilometres northwest of the city of Hermosillo, the site of Azure's Mexico office.
Based upon the considerable historical and current mining and exploration activity elsewhere in the local district, Azure identified the El Carnero property as highly prospective with potential to host economic zinc, copper, lead and silver mineralisation.
El Carnero contains extensive evidence of well mineralised zones which have been exploited by numerous small-scale historical mine workings dating back more than two centuries. However no modern exploration techniques have been applied to the property, as the local landowners have denied the resource sector access to El Carnero for over 80 years.
Azure's on ground exploration team in Mexico was able to successfully negotiate access to the property with the family that owns the cattle ranch and associated surface rights, and the Company has completed a preliminary program of reconnaissance mapping and sampling at El Carnero.
This first pass surface sampling on the property returned excellent results, with grades up to 17.55% zinc, 11.45% lead, 419g/t silver, 4.29% copper, 0.28% molybdenum and 0.39g/t gold.
The historical mining activity exploited replacement-style mineralisation at the contacts between limestone and intrusive felsic dykes. Individual mines selectively extracted high grade zones, some in excess of three metres wide. Workings extend for over 200 metres along strike and to depths of at least 30 metres below surface, indicating excellent continuity of the mineralisation.
A total of 18 rock chip and dump samples were collected from the mineralised zones and returned numerous high grade results, with 15 samples assaying greater than 1% lead and 1% zinc, and seven samples assaying greater than 1% copper and 30g/t silver. Details of the sampling results are shown in the Table.
El Carnero is considered to be an excellent acquisition in a strongly mineralised district, with the initial exploration returning very positive results.
Sample No. |
Zinc % |
Lead % |
Silver g/t |
Copper % |
Molybdenum ppm |
Gold g/t |
|---|---|---|---|---|---|---|
| 718967 | 15.25 | 2.45 | 30 | 0.05 | 2800 | 0.017 |
| 718968 | 17.55 | 5.36 | 40 | 0.19 | 93 | 0.049 |
| 718969 | 9.18 | 11.45 | 419 | 0.17 | 61 | 0.032 |
| 718970 | 10.15 | 3.44 | 12 | 0.30 | 12 | 0.012 |
| 718971 | 4.47 | 3.49 | 18 | 0.85 | 29 | 0.011 |
| 718972 | 5.51 | 4.12 | 26 | 0.17 | 105 | 0.008 |
| 718973 | 0.03 | 0.03 | 0.5 | <0.01 | 2 | 0.005 |
| 718974 | 0.13 | 0.11 | 0.8 | <0.01 | 3 | 0.005 |
| 718975 | 3.57 | 2.41 | 17 | 4.29 | 24 | 0.114 |
| 718976 | 2.86 | 2.32 | 4 | 2.4 | 3 | 0.122 |
| 718977 | 5.72 | 0.88 | 7 | 0.68 | 15 | 0.114 |
| 718978 | 4.11 | 6.58 | 94 | 3.83 | 5 | 0.391 |
| 718979 | 8.02 | 11.3 | 80 | 1.12 | 3 | 0.106 |
| 718980 | 1.85 | 6.79 | 18 | 3.72 | 19 | 0.028 |
| 718981 | 7.66 | 3.65 | 142 | 2.17 | 6 | 0.031 |
| 718982 | 9.35 | 7.77 | 82 | 1.2 | 75 | 0.08 |
| 718983 | 3.28 | 2.84 | 7 | 0.95 | 21 | 0.014 |
| 718984 | 0.29 | 9.96 | 13 | 0.21 | 13 | 0.055 |