Azure Minerals Limited (AZRMF)

[OTCRIDER]

....HIGHLIGHTS

ALACRÁN PROJECT
Mesa De Plata
• Multi-million ounce JORC resource estimate completed for Mesa de Plata silver deposit:
Total Indicated Mineral Resource:
? 25.9 million ounces of silver in 9.6 million tonnes @ 84g/t Ag
Includes High Grade Resource of:
? 15.3 million ounces of silver in 2.2 million tonnes @ 219g/t Ag
• Core drilling for geotechnical logging and advanced metallurgical testwork nearing completion
• Infill RC drilling to upgrade deposit to Measured Resource category commenced
• Development studies underway for metallurgy, mineral processing, mining, environmental and permitting
Loma Bonita
• Drilling at Loma Bonita intersects gold mineralisation within the oxide zone over 300m strike, including:
? 48.0m @ 2.68g/t Au & 32g/t Ag from 23.1m in MDPD-012
• Gold mineralised zone remains open in all directions and drilling continues in order to extend the footprint
• Testwork on oxide mineralisation shows gold is amenable to cyanide leaching with gold recoveries averaging:
? 94% on ground samples (simulating conventional milling)
? 71% on crushed samples (simulating heap leach processing)


QUARTERLY ACTIVITIES REPORT
FOR PERIOD ENDED 30 JUNE 2016
http://www.azureminerals.com.au/azs//assets/2016/07/1576391.pdf