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AZS - Azure Minerals

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Aussie explorer with a swag of very interesting Mexican plays. Lots of polymetallics which is typically Mexican (especially high grades). Has appox 112,000,000 shares on issue and currently priced at 20-22 cents. Exploded several days ago from a 9-10 cent base. To-day's volume is already hitting 40 million and buyers are coming in swarms on recent new highs.
 
Aussie explorer with a swag of very interesting Mexican plays. Lots of polymetallics which is typically Mexican (especially high grades). Has appox 112,000,000 shares on issue and currently priced at 20-22 cents. Exploded several days ago from a 9-10 cent base. To-day's volume is already hitting 40 million and buyers are coming in swarms on recent new highs.

Looks like a you beaut stock, bought last year when it was NKL as it has the potential to be a mini Bolnisi, and Bolnisi was going nicely at the time. Today's turnover is pretty amazing, looks like someone knows something rather than just momentum traders. Not too fussed, am holding for the long term.

Heard Fat Prophets put a buy on it...doubt that would explain volume and price today though.
 
Looks like a you beaut stock, bought last year when it was NKL as it has the potential to be a mini Bolnisi, and Bolnisi was going nicely at the time. Today's turnover is pretty amazing, looks like someone knows something rather than just momentum traders. Not too fussed, am holding for the long term.

Heard Fat Prophets put a buy on it...doubt that would explain volume and price today though.

Now in pre-open pending announcement. This might explain the recent massive volume in the stock. Could be good drilling results?
 
Now in pre-open pending announcement. This might explain the recent massive volume in the stock. Could be good drilling results?
Actually a cap raising of 3million, their third in 12months, certainly a zippy bunch.AZS are a company in a hurry.I hold .Pls DYOR:D
 
Hi guys, from what I heard, they are going to be announcing more drill results this week!

I'll have to wait and see. I'll believe it when I see it!
 
Here we go! And I haven't got in yet!

About 700,000 went through @ 18c

DO I buy? I'm not sure. It looks like AZS have got alot on at the moment which is good and if they hit more signifficant Zinc it could run hard.
 
Finished nicely today at the high of 19.5c with 7million shares traded.

Announcement regarding La Bufa to be announced this week!
 
with the release of the molybdenum drilling results due anyday, looks like buyers are now lining up to get into AZS.

With historical high molybdenum results in the area AZS could really fly on positive results.

Also with the increased focus on Lead/Zinc/Molybdenum/Iron Ore recently AZS has all the bases covered.

With prime landholdings in the historical resource rich Mexico, increased drilling/sampling activity should increase awareness of the company.

I am putting more detailed research together on AZS and will post when fully compiled.

The company is well worth a look and would be interested to hear others thoughts.
 
Yes an announcement regarding La Bufa due anytime, La Bufa has previously announced great results.

If it isn't La Bufa then shoot me
 
Finished nicely today at the high of 19.5c with 7million shares traded.

Announcement regarding La Bufa to be announced this week!

DYRC - Can you please refer me to the announcement by AZS where they state that an announcement regarding La Bufa will be released this week.
 
Please refer back to my post #5.

I'm not ramping the stock at all. I don't even own shares in AZS. I heard something about LA BUFA results due his week & I said i'll believe it when I see it.

SO AZS never said that in an announcement. If this is not allowed on this site then I do apollogise.

Regards
 
AZS is another junior explorer that is well worth taking a look at, has all the commodities with the best outlooks covered Lead, Zinc, Molybdenum, Iron Ore.

Has a large landholding in a very prospective channel in Mexico, where several huge mines are positioned. As well as some good iron ore prospects in WA.


Capital Structure

Shares 112,350,004
Unlisted Options 14,100,000


Market Cap $25,290,000



Reasons To Buy Into AZS

-Exposure to commodities with best outlook Lead,Zinc,Molybdenum, Iron Ore
-Large landholdings in well defined resource channels in Mexico
-Well funded with recent placement by Patersons Securities
-Constant stream of drilling/sampling results over the medium term
-Extremely high grades already uncovered
-Well funded joint venture partners Rio Tinto, Geoinformatics (TSX)
-Plenty of upside compared to its peers in Mexico
- Bolnisi Gold USD$740 million
- Alames Gold $925 million
- Minefinders $520 million
- Frontera Copper $240 million
-Drilling from La Bufa molybdenum project due anytime now (according to company announcement on 30/5/07)

A closer look into some of its many projects

Potreritos Project

Potreritos is located 115 kilometres northeast of Hermosillo, the capital of Sonora, less than 10 kilometres from the Hermosillo-Arizona (USA) highway. The property covers the southern extension of the Cumobabi molybdenum-copper field, Mexico's highest grade and largest molybdenum mine (see Figure 1).

Azure's 2006 reconnaissance exploration program on the Potreritos Project comprised geological mapping, geochemical sampling, an Induced Polarisation ("IP") survey, and a 3-hole Reverse Circulation ("RC") drilling program. This work identified wide, near-surface zones of high grade copper mineralisation, with:

several significant old mine workings;
chalcopyrite (copper-sulphide) and copper-oxide mineralisation in outcropping breccia zones up to 50 metres wide;
copper values ranging up to 1.66% Cu in rock-chip samples;
a 700 metre long copper-in-soil anomaly which is open along strike;
several strong IP chargeability anomalies indicative of accumulations of disseminated sulphide mineralisation; and
high-grade copper and silver mineralisation in the RC drilling (eg: 4.6m @ 4.92% Cu & 38g/t Ag from 21.3 metres).


Jagüey Project, Mexico

Jagüey is located in the western foothills of the Sierra Madre Occidental mountain range, about 190 kilometres east of Hermosillo. The property contains volcanic and intrusive rocks prospective for porphyry copper and associated styles of mineralisation.

Azure's 2006 work program comprised several phases of exploration, including geological mapping, soil and rock chip sampling, Induced Polarisation (IP) surveying, and diamond core drilling. This work identified:

a large (4km x 2km) area of intense alteration and strong geochemical anomalism;
several groups of old mine workings;
two very strong IP anomalies indicative of significant accumulations of disseminated sulphides; and
near surface, high grade, silver-lead-zinc mineralisation hosted in massive sulphide veins.
Azure completed a program of diamond drilling (5 holes for 1,450 metres) which returned several high grade intercepts of silver-lead-zinc mineralisation in massive sulphide veins. Better intercepts included:

3,180g/t silver & 19% lead+zinc over 0.7 metres from a depth of 19.2 metres;
526g/t silver & 4.3% lead+zinc over 0.5 metres from 37.4 metres;
242g/t silver & 9.9% lead+zinc over 0.6 metres from 95.9 metres; and
122g/t silver & 13.8% lead+zinc over 1.1 metres from 116.8 metres.
Azure plans to carry out further diamond drilling at Jagüey to follow-up these very promising initial results.


San Nicolas Project, Mexico

The project straddles the Hermosillo-Chihuahua highway, 185 kilometres southeast of Hermosillo. San Nicolas is located 140 kilometres northwest of the Palmarejo Gold and Silver Mine (Bolnisi Gold NL).

The property is located in a well-mineralised district containing numerous mines and deposits, including:

Los Verdes molybdenum-copper deposit (approx 32Mlbs Mo and 110Mlbs Cu), currently undergoing a feasibility study, located 2km east of San Nicolas; and
Dios Padre silver mine (approx 100Moz silver), located 15km east of San Nicolas.

Reconnaissance exploration confirmed the potential of the property, with rock chip sampling returning high grades up to 6.2% copper, 795g/t silver, and 7.1% zinc. Furthermore, historical mine workings discovered on a breccia ridge contain visible molybdenite (a molybdenum sulphide ore mineral), and samples collected from the outcrop returned high molybdenum grades, peaking at 5,340ppm Mo (0.534% Mo).

Trenching exposed molybdenum-rich pegmatite veins. Channel samples returned best intervals of 30m @ 800ppm Mo, including 6m @ 1,100ppm Mo and 8m @ 1,200ppm Mo, 32m @ 560ppm Mo and 8m @ 1,100ppm Mo
.

The company considers that the San Nicolas project has excellent potential for hosting significant copper, molybdenum and silver mineralisation. Further exploration, including drilling, will be undertaken during the first half of 2007



Cardeleña Project, Mexico


The Cardeleña project is located 130 kilometres southeast of Hermosillo, close to established infrastructure including sealed roads, water, power and labour. The local area is well endowed with mineralisation, including porphyry and breccia-style copper systems and epithermal and structural gold-silver deposits. The project area is underlain by a highly prospective mix of intrusive and volcanic rocks and intrusive breccias.

Historical drilling by Kennecott Exploration at Cardeleña targeted porphyry copper mineralisation in the vicinity of the old Cardeleña Copper Mine. Anomalous drill intercepts, including 36m @ 0.3% copper and 10g/t silver, were returned from near-surface oxide mineralisation. Kennecott deemed the target did not meet their corporate size criteria and transferred control and ownership of the project to Geoinformatics and thence into the Azure joint venture.

Azure’s exploration has identified a zone of outcropping mineralised breccia containing anomalous copper and silver. Work has included geological mapping, and soil and rock chip sampling. This work identified:

an intrusive-style breccia body containing anomalous geochemistry in soil sampling and rock chips;
a +5g/t silver soil anomaly with dimensions of 600m x 200m, with individual values ranging up to 22.3g/t Ag; and
copper, lead, zinc and molybdenum soil anomalies coincident with the silver anomaly.
The Cardeleña breccia hosts soil anomalies with significantly higher geochemical values than the Potreritos breccia (which returned a drill intercept of 4.6m @ 4.92% Cu).



Arroyo Amarillo Project, Mexico


During 2006, Azure exercised its right to assign a new project to the joint venture portfolio, when it was offered the Arroyo Amarillo project by Geoinformatics. Arroyo Amarillo lies adjacent to the Hermosillo-Chihuahua highway about 190 kilometres southeast of Hermosillo and 10 kilometres north of San Nicolas. It is located about 140 kilometres northwest of the Palmarejo Gold and Silver Mine (Bolnisi Gold NL).

The project area covers 962 hectares overlying volcanic and intrusive rocks. Local geology demonstrates strong alteration and stockwork vein development, with several groups of old mine workings present. Rock chip sampling returned high grade mineralisation, including 1,395g/t silver, 2.7g/t gold, 1.2% copper, 16.2% lead and 2.4% zinc.
The alteration and mineralisation are indicative of a high sulphidation epithermal system and the property is considered to be highly prospective for silver and gold-rich, polymetallic sulphide vein mineralisation. Further exploration, including drilling, will be undertaken during the first half of 2007.



Splinter Project, Australia
Iron Ore, Copper & Gold
Azure Minerals 100%


Splinter comprises four granted Exploration Licences covering 840km 2, and is located 120 kilometres northeast of the port of Esperance. The project has been a focus of the company since listing in 2003 due to its prospectivity for iron ore (magnetite-style) deposits and iron oxide copper-gold deposits.

Recent drilling by Azure has identified a large Banded Iron Formation (BIF) containing multiple iron-rich magnetite zones. Highlights include:

Wide zones of high grade magnetite mineralisation;
Potential 16 kilometre strike length;
Better intercepts include 24m @ 30.8% iron and 50m @ 22.8% iron;
High grades start at only 5 metres below surface;
Davis Tube Recovery metallurgical testwork returned:
recoverable magnetite of 39.5%;
magnetite concentrate grade of 66.5% iron;
very low levels of impurities; and
Splinter compares favourably with other Western Australian magnetite deposits.
The Splinter BIF forms an eight kilometre long antiform, with magnetite-rich units occurring on both limbs of the fold, indicating potential for a magnetite deposit of substantial size.

Further exploration has also identified another, much larger magnetic formation within the eastern part of the project area. This Eastern Banded Iron Formation has a magnetic signature that has up to twice the magnetic intensity as the Splinter BIF, indicating a higher magnetite content.


Very few juniors have exposure to such a wide range of commodities, with many prospects sited right in the heart of Mexico's elephant country.

With funding now taken care of AZS can get down to the business of churning out results, with so many extremely high grade hits/samples already the future certainly looks positive.
 
thanks for that post, any good information on HC has been drowned out by utter tripe from about 3 or 4 posters....pretty selfish really.
 
Interesting to note that Tony Rovira who is responsible for the day to day running of AZS was responsible for the discovery of JBM Cosmos deposit, looks like AZS exploration is certainly in good hands.


Anthony Paul Rovira
B.Sc. Flinders University, B.Sc. (Hons) Flinders University, MAusIMM, MAICD
Tony Rovira is the Executive Chairman of Azure Minerals Limited. He has 25 years technical and management experience in the mining industry, as an exploration and mining geologist, and as a company administrator at Board level. Since graduating from Flinders University in South Australia in 1983, Tony has worked for companies both large and small, including BHP, Sons of Gwalia, Barrack Mines, Zapopan, Pegasus Gold and Jubilee Mines.

From 1997-2003 Tony was the General Manager Exploration with Jubilee Mines, during which time he led the team that discovered and developed the world class Cosmos and Cosmos Deeps massive nickel sulphide deposits. In the year 2000, the Association of Mining and Exploration Companies awarded Tony the Prospector of the Year Award for the discovery of the Cosmos deposit. Tony is responsible for the management of all Azure Minerals' activities, including exploration, project generation and acquisition, and implementation of strategies set by the board.
 
Good to see AZS getting some recognition there is a nice piece in todays Australian Daily Assay's column giving the company a good writeup and highlighting some of the recent spectacular exploration results.

With the large readership of the Australian this article could certainly give AZS a very nice kick along.


Azures zinc lure promises Mexican blue skies
http://www.theaustralian.news.com.au/story/0,20867,22017543-5005200,00.html

AH MEXICO, a land of endless tequila parties, tacos and fun-loving gringos.

And possibly a ginormous zinc deposit owned by a junior explorer which, for now, calls West Perth its home.

A little over two weeks ago you would have been able to pick up Azure Minerals shares for around 9.5 cents.

Today, you're looking at upwards of 20 cents a share to fill a buy order.

The kicker for the share price was in June was the outstanding assay results from its wholly-owned La Providencia project near Sonora, Mexico.

Surface sampling returned zinc grades of up to 45.4 per cent, 4.81 grams of gold per tonne, 0.95 per cent copper, 5.3 per cent lead and 532g/t of silver.

Not bad at all and it is no real surprise that the news sent the share price surging.

It's still very early days, but Azure is suggesting Providencia has the same style mineralisation and capacity to be ranked alongside those in the Santa Eulalia mining district.

Over three centuries up to 2001, the Santa Eulalia district yielded more than 450 million ounces of silver and massive amounts of lead and zin and was deemed the world's largest known "carbonate replacement deposits".

But in nearology terms (you know, that useful technique peculiar to the mining industry to indicate just how important a mine could be based on what the neighbour is doing), Azure - and remember, we are only talking about the results of a brief surface sampling expedition - believes La Providencia could be like Colibri Resource's Ramard Project.

Ramard has returned results including 4.5m at 158gpt of gold, 10.8 per cent zinc and 2.6 per cent lead.

Heady stuff.

But let's stress again, none of Azure's Mexico holdings, some of which are in a joint venture with Toronto-listed Geoinformatics Exploration, have been evaluated by modern exploration methods.

That's probably why it raised $3 million through Patersons and Foster Stockbroking through a placement of 20 million shares at 15c a share.

"This raising will allow us to maintain the momentum through further exploration success and project acquisition," newly-appointed Azure chairman Tony Rovira said.

Curiously, Azure also said when it announced the share placement that "further exploration and drilling" at La Providencia returned exactly the same results as the initial sampling.

So where does that leave Azure?

Is it just another in the long line of juniors to post amazing initial results which stun the market into action, or is this more hope than hype?

Tony Rovira is in Mexico as Daily Assay pens this tome. So he can't be contacted for comment, except via email.

Which is what Daily Assay has done. Stay tuned.
 
Much like the info I was able to obtain from the MD of FNT Peter McNeil

For anyone interested I have managed to strike up a good relationship with the Chairman of AZS Tony Rovira and he kindly answered a detailed Q&A, containing some very interesting information about the company.

Anyone who wants a copy of the email just send me a PM and I will kindly forward it too you.
 
Hi there. I have read the posts on AZS here and also read the reports and newspaper articles. Why then did the price go down today? Can anyone give a guess on the 1month share price, 3month and 12month price of AZS? Thanks in advance!!!
 
Hi there. I have read the posts on AZS here and also read the reports and newspaper articles. Why then did the price go down today? Can anyone give a guess on the 1month share price, 3month and 12month price of AZS? Thanks in advance!!!

The sp has more than doubled in the last 2 weeks, so some consolidation is probably to be expected. That doesnt mean it wont rise again, but some traders are sitting on substantial profits already, and are probably selling down some of their holdings. It happens quite regularly. However, if the fundamentals are good, the sell down can often lead to good buying opportunities.
 
Thanks for your thoughts,do you have any price targets? If results are good can expect to see 30c++ at all? Thanks in advance
 


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