Azucar Minerals (TSXV:AMZ) has reported new drill results from the two holes completed into the large lithocap target from the press release dated March 10, 2022. The two holes pass through typical clay-dominant lithocap alteration into phyllic alteration. 

At both holes, large intervals of brecciated rock were intersected which could reflect a diatreme-like body. This could have disputed earlier porphyry alteration zonation in this area. All of the alteration data was collected from the core using a Terraspec infrared spectrometer with the samples for assay. The company did not intersect any significant intervals of porphyry mineralisation but the second hole did intersect a late sulphide vein that returned 0.70 metres of 0.95% copper and 0.42 g/t gold.

The company is not assessing how to explore the lithocap target further along with other zones and will provide another update once this review is complete.

J.D. Poliquin, Chairman of Azucar Minerals commented in a press release: “These two holes were the first to be drilled into this newly defined alteration target. It is important to remind shareholders that this zone is one of many porphyry targets and centres on the project. We have defined a preliminary resource on the most explored Norte Zone, and we intend to continue our exploration on this project to further unlock the potential of the multiple zones and targets which are yet to be fully tested.”

Source: Azucar Minerals Ltd.

Norte Zone

Hole From (m) To (m) Interval (m) Au (g/t) Cu (%)
EC-17-018 222.40 334.50 112.10 1.35 0.48
EC-17-026 543.45 609.90 66.45 2.41 0.61
Including 543.45 569.45 26.00 4.15 1.00
EC-17-029 204.15 314.15 110.00 1.87 0.48
Including 208.15 240.15 32.00 2.57 0.57
and 264.15 300.15 36.00 2.02 0.51

Raya Tembrillo (1.8km South of Norte)

Hole From (m) To (m) Interval (m) Au (g/t) Cu (%)
EC-17-037 302.00 320.00 18.00 1.25 0.52

Primo Zone (1.4km South of Raya Tembrillo)

Hole From (m) To (m) Interval (m) Au (g/t) Cu (%)
EC-19-086 868.40 918.00 49.60 0.99 0.61
Including 878.40 914.40 36.00 1.10 0.68

Porvenir Zone (2.5 km SE of Norte, 1.0 km west of Primo

Hole From (m) To (m) Interval (m) Au (g/t) Cu (%)
EC-17-040 243.00 255.00 12.00 2.43 0.82
EC-18-056 381.50 408.00 26.50 1.72 0.34


The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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