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Azucar Minerals Receives Mineral Vectoring Results, Identifies New Porphyry Target, Provides El Cobre Project Update
VANCOUVER, British Columbia, Nov. 04, 2021 (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. 04, 2021 (GLOBE NEWSWIRE) -- Azucar Minerals Ltd. (\"Azucar\" or the \"Company\") (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce the results of a recently completed mineral chemistry porphyry vectoring study which has identified a new target area for a possible central porphyry system to the El Cobre project. The Company also wishes to update shareholders on the now-completed summer drill program. Mineral vectoring study was completed at the CODES Analytical Laboratory of the University of Tasmania and utilized chlorite and epidote samples collected from the El Cobre project earlier this year; Published studies show the effectiveness of this method around the world such as at the giant El Teniente Chile, Resolution, Arizona and Batu Hijau, Indonesia porphyry systems; Study indicates that the El Cobre district likely contains a fertile medium to large sized porphyry system; Most prospective area is located in the centre of the project 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 area also overlaps with a large area of mapped pyrophyllite, an alteration mineral often observed overlying porphyry copper-gold mineralisation; Field work underway to prepare for future drilling campaign. J. Duane Poliquin, Chairman of Azucar, stated “This is an exciting development in the exploration timeline of the El Cobre project. We now have a focus area to explore for a deep porphyry target that we hope will be the centre and source of the already known large area of alteration and mineralisation covering the project area.” Background to Mineral Vectoring Study Results The mineral vectoring study was completed at the CODES Analytical Laboratory of the University of Tasmania and utilized chlorite and epidote samples collected from the El Cobre project earlier this year. The technique employed uses trace element chemistry of epidote and chlorite to detect the likely location of porphyry copper systems in a large altered area. Published studies show the effectiveness of this method around the world such ...