Business
Azucar Minerals Hits 64.50 M of 1.10 g/t Au and 0.40% Cu at the Norte Target, Provides Drilling Update For El Cobre Project, Mexico
VANCOUVER, British Columbia, March 20, 2019 (GLOBE NEWSWIRE) -- Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announ
About this update from Mustang Minerals Limited
[{"type":"text","content":" VANCOUVER, British Columbia, March 20, 2019 (GLOBE NEWSWIRE) -- Azucar Minerals Ltd. (\"Azucar\" or the \"Company\") (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce results from its ongoing drilling program at the El Cobre porphyry copper-gold project in Veracruz State, Mexico. Drilling results reported today come from hole EC-18-063 at the Norte Zone. This hole drilled across the system above the late mineral intrusive body and was designed to test for deep high grade mineralisation on the south margin of the porphyry complex. While the hole was collared at -45 degrees it shallowed significantly to -28 degrees dip and therefore did not get to the target area. Nevertheless, this hole tested new ground on the north side of the complex returning high grade results in this area, including 44.50 metres averaging 1.34 g/t gold and 0.47% copper. A section and plan are provided with this news release. Highlights include the following intervals: Hole EC-18-063 NORTE TARGET, 145 Az, -45 dip From 373.50 to 627.00, 253.50 metres @ 0.72 g/t gold and 0.30% copper Including 424.00 to 488.50, 64.50 metres @ 1.10 g/t gold and 0.40% copper And 424.00 to 468.50, 44.50 metres @ 1.34 g/t gold and 0.47% copperAnd 433.50 to 446.50, 13.00 metres @ 2.04 g/t gold and 0.70% copper From 638.35 to 653.00, 14.65 metres @ 0.73 g/t gold and 0.28% copperFrom 678.75 to 731.85, 53.10 metres @ 1.00 g/t gold and 0.40% copper Including 678.75 to 713.30, 34.55 metres @ 1.26 g/t gold and 0.47% copper J. Duane Poliquin, Chairman of Azucar commented, “We are pushing on with our comprehensive two year intensive drill program at the El Cobre project. The results so far have shown that the property hosts multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as the program continues.” About the El Cobre Project The El Cobre Project has a total area of approximately 7,000 hectares and is located adjacent to the Gulf of Mexico, about 75 kilometres northwest of the major port city of Veracruz, Mexico in an area of excellent infrastructure. The project is situated 200 metres above sea level with extensive road access and is located less than 10 kilometres from a power plant, highway, gas line and other major infrastructure. Major power lines cross the property area. The four copper-gold porphyry targets curr...