El Tecolote District (Porphyry Copper & Skarn Copper-Zinc)

Azure holds 100% ownership over a 600km² district highly prospective for large porphyry copper and skarn copper-zinc deposits
Major Japanese Government-owned mining corporation in two exploration joint ventures with Azure in this district
Diamond drilling undertaken by Azure on all 3 properties has identified both porphyry copper and skarn copper-zinc mineralisation

El Tecolote Project

JOGMEC (Japan Oil, Gas and Metals National Corporation) can earn a 70% interest by sole funding US$13M of exploration expenditure
Contains historical El Tecolote Copper-Zinc-Silver Mine, a skarn deposit with production of 1.4 million tonnes @ 1.9% copper, 7.0% zinc and 47g/t silver
Excellent brownfields potential for copper-zinc mineralisation surrounding the mine and additional skarn deposits (eg at the Reyna del Cobre Prospect)
Porphyry copper potential shown by presence of altered porphyry with quartz vein stockwork, oxidised sulphides and copper oxide mineralisation located 4km south of the mine.
Azure undertaking geophysical surveys (aeromagnetics, VTEM and IP), geological mapping and sampling, and diamond drilling
Diamond drilling at the Reyna del Cobre Prospect intersects 11.0m @ 1.3% Copper, 3.0% Zinc, 7.1g/t Silver, 17.2g/t Indium & 31.9% Iron in massive sulphide skarn mineralisation

JOGMEC can earn a 51% interest by sole funding US$3M of exploration expenditure
Diamond drilling (13 holes for 4,560m) intersected porphyry and skarn hosting disseminated and veinlet sulphides containing anomalous copper, molybdenum, zinc & silver grades
Best drill intercept of 159.6m @ 0.2% copper & 0.2% zinc of skarn mineralisation from surface

Prospective for porphyry copper deposits and high grade breccia and skarn hosted copper-zinc mineralisation
Numerous historical mine workings throughout the property, untested by modern exploration
Surface sampling returned grades to 3.3% Copper & 11.3% Zinc
Deep diamond drilling (1 hole to 600m) intersected wide zones of strongly altered and quartz veined porphyry containing substantial quantities of pyrite, with minor amounts of copper oxide and copper sulphide mineralisation
Numerous targets will be followed up with further exploration, including drilling