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Azucar Minerals Commences Drilling New Porphyry Lithocap Target at the El Cobre Project, Mexico
VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) -- Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announ
About this update from Mustang Minerals Limited
[{"type":"text","content":" VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) -- Azucar Minerals Ltd. (\"Azucar\" or the \"Company\") (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce that it has commenced drilling the large lithocap target discussed in its press release of March 10, 2022. The target area and lithocap characteristics are provided in Figure 1. The target area is defined by several overlapping target methodologies, including geophysics, mineralogy, geochemistry and past drilling campaigns at the property, which have returned significant high grade porphyry copper and gold assays from multiple zones, which appear to mantle and surround this area in a roughly arcuate shape of high magnetic response. This area has been targeted for drilling on the basis of the following data set: 2021 mineral vectoring study (“MVS”) completed at the CODES Analytical Laboratory of the University of Tasmania utilizing chlorite and epidote samples collected from the El Cobre project in 2021; Mineral vectoring has been established as an effective tool for exploration targeting at porphyry projects around the world through published studies at systems such as the El Teniente, Resolution, Arizona and Batu Hijau, porphyry systems; The MVS indicates that the El Cobre district likely contains a fertile medium to large sized porphyry system; The most prospective area in the MVS is located in the centre of the project (approximately 1 km southeast of the established resource at the Norte target) where there has been little previous exploration drilling; This area coincides with a deep IP geophysical anomaly, which does not crop out, within an area of moderate magnetic response. The deep IP anomaly is the deep core to the broad near surface anomaly which encompasses all the currently known areas of porphyry mineralisation on the project; The closest hole to this deep core IP anomaly, which did not test the anomaly, intersected intense quartz pyrite sericite (QSP) phyllic alteration which provides further support to this new target representing a possible porphyry centre; The MVS target also overlaps with a large area of mapped pyrophyllite (approximately 700 metre (E-W) x 550 metre (N-S)), an alteration mineral often observed overlying porphyry copper-gold mineralisation; Recent spectral mineral mapping and sampling in this area has further defined a ...