Azure Minerals Limited (ASX: AZS) is pleased to provide further information regarding the Company?s acquisition of 100% ownership of the El Tecolote Project, located in Sonora, Mexico. El Tecolote was acquired as part consideration for the recently announced property ownership rationalisation and termination of the Kiska joint venture agreement.
The El Tecolote property contains the historical skarn-hosted El Tecolote Copper-Zinc-Silver Mine. This was a significant mining and processing venture operated during the 1970?s and 1980?s by Grupo Mexico, Mexico?s largest mining company and a significant global copper producer.
Historical production from this mine is recorded as approximately 1.6 million tonnes @ 1.8% copper, 6.9% zinc and 50g/t silver. Production ceased in the early 1980?s due to low metal prices at the time, and there is excellent brownfields potential for substantial unmined copper-zinc mineralisation surrounding the mine.
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Yours Sincerely,
Tony Rovira
Executive Chairman
Azure Minerals Limited
~~~~~~~~~~~~~~~~~~~~~Angela Fielder Executive Assistant Azure Minerals Limited Level 1, 30 Richardson St, West Perth, WA, 6005 PO Box 493, West Perth, WA, 6872 Ph: +61 8 9481 2555 Fax: +61 8 9485 1290 Web: www.azureminerals.com.au
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Azure Minerals Ltd
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EXPLORATION STAGE |
CODE : AZS.AX |
ISIN : AU000000AZS2 |
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Azure Min. is a copper and gold exploration company based in Australia. Its main exploration properties are SAN FRANCISCO JALISCO, SAN EDUARDO, EL CARNERO, EL CUERVO, LOS CHINOS, POZO DE NACHO, LA TORTUGA-LOS NIDOS, LOS VIBORAS and PROMONTORIO HIDALGO MAGISTRAL in Mexico. Azure Min. is listed in Australia. Its market capitalisation is AU$ 6.2 billions as of today (US$ 4.1 billions, € 3.8 billions). Its stock quote reached its lowest recent point on September 04, 2015 at AU$ 0.01, and its highest recent level on November 19, 2023 at AU$ 4.37. Azure Min. has 1 672 649 984 shares outstanding. |