Azucar Minerals Announces El Cobre Drill ProgramBy Lorenzo Núñez | Wed, 05/19/2021 - 08:00
Azucar Minerals has announced the start of a focused drill program at the El Cobre porphyry copper-gold project in Veracruz, Mexico.
El Cobre project covers around 11,860 hectares and contains copper-gold porphyry mineralization over a strike length of at least four kilometers. The company has discovered five copper-gold porphyry zones within the property along an approximately 4km trend, stretching from Norte down to Encinal in the southeast, according to Azucar Mineral´s website.
The five zones that make up El Cobre Project are, Norte Zone, Villa Rica Zone, El Porvenir Zone, Suegro Zone and Encinal Zone.
2021 Drill Program
The focus for the current drill program in 2021 will be in the Pedregal, Villa Rica, and Encinal Zones of the property. Initially one hole is planned for each area, reported the company in a press release.
Duane Poliquin, Chairman of Azucar, said “We are pleased to report these plans and excited to get the drill turning once again on the excellent targets that we have at El Cobre. We look forward to updating shareholders on this year’s plans and reporting on our progress and results.”
At the Villa Rica Zone, located about 1.8 km south of the Norte Zone, the Company plans to further explore the Raya Tembrillo target. Initial drilling in 2017 on the Raya Tembrillo target intersected two styles of mineralization: hypogene copper-gold porphyry mineralization.
At the Encinal Zone of the project, located around 4.3 kilometres to the southeast of the Norte Zone, the Company plans to follow up past drill results. On June 29, 2017, Azucar announced the results of initial drilling on this exposed stockwork that returned results including 34.47 meters grading 0.73 g/t Au and 0.20 percent.
And finally, the Pedregal target is one of two prominent magnetic anomalies located north of the Norte Zone, neither of which has been drilled in the past. The Pedregal target is about one km north of the Norte Zone.