Livewire Exploration Watch

John Robertson

PortfolioDirect

Azure Minerals has reported a 67.1 meter thick interval of mineralised material at its Loma Bonita prospect in Sonora State in Mexico. The discovery includes a 25.9 meter thick zone from surface grading 1.31 g/t Au and 17 g/t Ag and a 25.9 meter interval from 36.6 meters grading 2.4 g/t Au and 23 g/t. The shallow and stacked nature of the open oxidized system would facilitate future development. Centaurus Metals, which had gone to Brazil for its iron ore potential, has released exploration results from its Brazilian Mombuca gold prospect. With three holes drilled on distinct geophysical anomalies, no significant results were reported from two and a thin interval of 0.42 g/t Au was found in the third. Alto Metals will commence testing a series of shallow gold in soil anomalies identified by Troy Resources between 1994 and 2010 in an RC drilling program to commence later in October, after being granted five exploration licences over tenements at Sandstone in Western Australia. The company has also commissioned an airborne magnetic and radiometric survey to complement its existing data.


John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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