The 100% owned Promontorio Project is one of Azure’s two cornerstone assets. Promontorio is located in the northern Mexican state of Chihuahua and comprises four adjoining mineral concessions totalling 10,520 hectares. All four of these concessions are 100%-owned by Azure.
Promontorio occurs within a district containing numerous, multi-million ounce gold-silver mines currently in operation, including the Ocampo, Pinos Altos, Coñcheno, Mulatos and Dolores mines, all located within 100km of the project.
Promontorio Location Plan
Azure has been exploring Promontorio since 2008 with considerable success. Several different styles of precious and base metal mineralisation have been identified, including:
- high sulphidation epithermal;
- hydrothermal breccia; and
Potential deposit sizes for these mineralisation styles range from large, bulk-tonnage resources to more modest-sized, high grade bodies, which bodes well for large scale, long-life mining operations.
Azure’s exploration discovered the Promontorio and Cascada copper-gold-silver deposits. Hosted within high-sulphidation epithermal and hydrothermal breccia systems, these deposits are sourced from an underlying copper-mineralised porphyry body. The wider Promontorio project area is recognised as having excellent potential for hosting more precious and base metal deposits.
Promontorio Geology Plan
With the strong exploration success to date, and with significant additional exploration upside, Azure believes Promontorio is potentially a ‘company-making’ asset.
Azure is currently assessing opportunities to involve a partner into the Promontorio Project to further its development.