Business
Azucar Minerals Provides Drilling Update for El Cobre Project, Mexico
VANCOUVER, British Columbia, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announc
About this update from Mustang Minerals Limited
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 20, 2018 (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 is currently underway at the Villa Rica target, the Norte zone and Porvenir zone using three drill rigs. Results presented below represent recent highlights from drilling at the Villa Rica zone: Hole EC-18-050 VILLA RICA TARGET, 90 Az, -55 dip From 399.00 to 413.00, 14.00 metres @ 0.22 g/t gold and 0.09% copper Including 407.00 to 411.00, 4.00 metres @ 0.39 g/t gold and 0.13% copper Hole EC-18-052 VILLA RICA TARGET, 90 Az, -65 dip From 395.00 to 556.20, 161.20 metres @ 0.23 g/t gold and 0.15% copper Including 534.20 to 552.20, 18.00 metres @ 0.51 g/t gold and 0.43% copper And 534.20 to 544.20, 10.00 metres @ 0.60 g/t gold and 0.48% copper Hole EC-18-054 VILLA RICA TARGET, 90 Az, -72 dip From 457.50.00 to 573.80, 116.30 metres @ 0.21 g/t gold and 0.16% copper Including 547.00 to 559.40, 12.40 metres @ 0.85 g/t gold and 0.39% copper J. Duane Poliquin, Chairman of Azucar commented, “With the completion of the Newcrest private placement and related corporate spinout earlier this year, the El Cobre project is now, for the first time, going to benefit from comprehensive, well funded drill programs. Drilling in 2016 and 2017 confirmed four high quality targets across a five kilometer strike. At one of these targets, Norte, the objective of current drilling is to define the higher grade mineralized area in order to be able to define a resource. Elsewhere on the property we will be following up results from 2016 and 2017, and continuing to define and drill new targets. We look forward to updating shareholders periodically with the results of these programs.” 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 prop...