Lists Piedras Verdes and La Adelita as its' primary Mexican interests, but AZCO has been diversifying into industrial minerals (Black Canyon Mica Projet, Arizona) and looking into gold projects in Mali, West Africa and Pongkor, West Java, Indonesia.
AZCO Mining Inc.
[AZC:TSE] [AZMN:OTCBB]
Piedras Verdes Cu Project in Sonora. Sold 70% to PD in December 95 for $49M cash. Initial drill indications were 154 MM tons at 0.41% Cu. or about 1.28 billion pounds of Cu. Reserves have since been doubled to new figures in 1998 by PD. (Currently around 2.35 billion lbs. Cu from ore grading 0.37 % Cu. - see PD for details). Held now by Cobre del Mayo S.A. de C.V. a 70/30 PD/AZCO JV. During 1996 Cobre del Mayo drilled 16,686 m of core in 58 diamond holes on 5 fences spaced 600m apart. Ten of these were "twins" which confirmed previous RC holes to within 6% in terms of both grade and thickness. Six column-leach tests showed 80% recoveries. A $4.8 M budget was been approved for 1997. Work planned included expansion and upgrading of the Cu resource, geophysics, metallurgical testing, project engineering and environmental base-line studies. Acquired adjacent 1,351 ha property from Alamos Minerals. Total of 448 holes now in resource database. Mineralization is 600m wide ofer 4 km of strike. AZCO recognizes an upturn in Cu prices needed for estimated initial $180M capital cost justification to bring the project on line at a scale of 130,000,000 lbs Cu annually for 10 years. AZCO estimates that the Piedras Verdes property contains a 316 million ton deposit grading 0.37% copper or 2.34 billion pounds of contained copper (at a 0.2% cut-off). Total costs for the project are estimated at $0.65/pound with cash costs of $0.47/pound.
GCN #218 13Nov98
LAMR November, 1998
LAMR March, 1998
LAMR April, 1997
NMN v83#6 04/07/97
MBD April, 1997
GCN #55 19Mar97
MBD January,1996La Adelita Cu property in Sonora. (Dropped it) Located near Alamos. AZCO announced that it has acquired an option to earn a 70% interest in La Adelita, a proximal skarn copper-gold-silver prospect in Southern Sonora, Mexico, from Minera Cortez Resources Ltd. This interest can be earned by spending US$500,000 over 3 years and by making cash payments totaling US$165,000 over 5 years. The property contains one principal zone of mineralization, which has been subject to an extensive rock chip sampling program. The work to date has identified a high grade core of copper-gold-silver mineralization measuring 200 meters in strike length and 30 meters in width with grades ranging between 1%-3.85% copper; 0.2 grams/ton-3.6 grams/ton gold; 5.4 grams/ton-155 grams/ton silver. AZCO dropped this property in 2Q2000.
WWW info.
AZ Daily Star, November, 1998Suaqui Verde Cu property in Sonora optioned 70% to PD in July, 96. Resource 30 MM tons at 0.32% Cu. Deal through wholly-owned subsidiary Cobre de Suaqui Verde. Located 20 mi SW of Tonochi, Sonora. PD returned property to AZCO in 1998 who is presently evaluating data. The Suaqui Verde copper property is leased by Cobre de Suaqui Verde, S.A. de C.V., a Mexican corporation that is owned 99.97% by AZCO. The project is located in southeastern Sonora State, Mexico, near the town of Suaqui Grande, which is about 160km southeast of Hermosillo, the state capital. Suaqui Verde is a large mineralized copper porphyry system amenable to SX-EW exploitation. So far, drilling has identified a 200 million-pound resource.
LAMR July, 1996
WWW info 6Dec96
MBD July, 96
GCN #96 16May96
LAMR v3, #7 July 96
CMH 1995-1996
