Sara Alicia (AZS 100%): Gold-Cobalt
Azure acquired 100% ownership of the Sara Alicia project in August 2017 and to date has drilled 19 diamond core holes for 1,607m. Drill results exceeded the Company’s expectations, intersecting significant widths of high-grade gold and cobalt mineralisation assaying up to 60g/t Au and up to 6% Co.
Geologically, the Sara Alicia prospect hosts a sequence of carbonate rocks which have been intruded by a porphyry. Strong alteration and mineralising reactions in the limestones have formed a skarn horizon (or manto) enriched with garnet, magnetite and sulphides and containing the high grade gold and cobalt mineralisation.
The Company has offered this property for sale or joint venture as part of its strategic focus on the development of the Oposura Project.