Help Desk -
9958816305, 9810335381
Email
Password

Azure Minerals Mining Underway at Oposura in Mexico

Mining News - Published on Tue, 30 Jul 2019

Image Source: globalminingreview.com
Azure Minerals Limited announced that mining has commenced at its 100%-owned Oposura zinc-lead-silver project, located in Sonora, Mexico. This mining operation is exploiting easily-accessible, high-grade mineralised material with monthly production of between l,500t to 3,000t at grades between 10% to 15% combined zinc and lead. All mineralisation to be mined is classified as Indicated Mineral Resources. Processing of this ore is expected to commence in September under a toll treatment agreement with a third-party sulphide flotation processing plant. Delivery of positive cash flow to the Company will support the ongoing Feasibility Study into a full-scale mining and on-site processing operation and provide general working capital.

Azure Managing Director Tony Rovira said that "I would like to thank the entire Azure team for all their hard work over the past two years. We acquired Oposura in August 2017, and to be commencing an early-stage, low-cost, high-grade mining operation within 24 months is a great achievement. This operation allows Azure to realise early cash-flow that will help fund the ongoing Feasibility Study, which will ultimately see Oposura in full-scale production.”

HIGHLIGHTS:
Open pit mining of high-grade zinc and lead ore has commenced at Oposura

Approximately 1,200 tonnes of massive sulphide ore mined and stockpiled with an estimated mine head grade of 10%-15% combined zinc and lead

Mining is continuing with expected monthly production of l,500t to 3,000t

Toll treatment scheduled to start in September

Development funded by non-dilutive financing from Azure's major shareholder

Source :

Posted By : Rabi Wangkhem on Tue, 30 Jul 2019
Related News from Mining segment