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AZS - Azure Minerals

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Announcement - high grade assay results from Los Chinos. JV property - see post above for JV parameters.

High grade results precious metals (gold/silver) and base metals (lead, zinc, copper & moly). These are assay results and indicate surface mineralisation.

Positive announcement should hopefully get SP back on track.
 
doyoureallycare said:
High grade assy results from Los Chinos ojust released.

Nice grades!! Look at the silver & lead!:)
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You beat me to it...

Los Chinos is one of the properties that were recently acquired (May) so it was not even on the official CY07 drilling target! Bit excited about this one. Lead, silver, zinc and moly all sound great to me even though it is just surface mineralisation at the moment.

Nachos ann to come.
 
Also a key point is on page 2 i.e a reminder of the 'North American Growth strategy' i.e TSX listing.:D

"Further information on progressing a Canadian listing will be provided in due course"

So I guess the next announcement relating to this will be just to announce the broker chosen to carry out the listing.
 
Azure assays 'very positive'
11:00, Tuesday, July 17, 2007

Sydney - Tuesday - July 17: (RWE Australian Business News) -
Azure Minerals Ltd (ASX: AZS) today announced that the initial surface
sampling program on its Los Chinos Project in Sonora, Mexico has
returned very positive assay results in both precious (gold and silver)
and base metals (lead, zinc, copper and molybdenum).
Los Chinos is held in joint venture with Toronto listed
Geoinformatics Exploration Inc (TSX-V: GXL), with Azure earning a 51%
interest. The property was recently acquired as part of the
ongoing program of regional exploration, target identification and
project acquisition. Los Chinos covers 9,392 hectares (94 km²) and is
located approximately 80 kilometres north of Hermosillo, the capital of
Sonora, within the La Caridad mineralised corridor.
The project area is characterised by numerous historical mine
workings throughout the property which have exploited replacement-style
mineralisation to shallow (<10 metres) depths. Mineralisation is hosted
by a mixed sequence of sediments and volcanics which have undergone very
strong and extensive alteration, indicating the presence of buried
intrusives which are likely to be the source of the mineralisation.
Channel and rock chip samples from outcrop, and dump samples
from old mine workings, were collected from several different areas
within the property. High grades of lead, zinc, copper, molybdenum,
silver and gold were returned, associated with extensive alteration and
replacement of sedimentary horizons.
High grade assays include:
Lead 15.3% & 14.1%
Zinc 8.26% & 8.13%
Copper 2.03% & 1.87%
Molybdenum 0.66% & 0.19%
Silver 564g/t & 483g/t
Gold 3.45g/t & 3.12g/t.
ENDS
 
This announcement is fantastic! I dont understand why the buying the depth hasnt increased as not only does it talk about the grades it also talks bout the possible listing on the TSX which obviously will happen! Why are people not buying this up?
 
Fair bit of profit taking today, but the buying side is very strong... lots of people want in... :) With sellers decreasing in numbers it is unlikely that the support at 20c will be broken.
 
I must say very disappointing day in regards to where the price ended up! The ann on Fri killed the share but then todays very positive ann including the possibility of TSX listing made no difference to the price! I realise theres not heaps of sellers on screen however there were a few bombs from offscreen! Chart is looking a little dodgy with macds closing together?? Anyone got any thoughts?
 
Brinks I wouldn't get too upset about the lack of action today, AZS has had a stellar run over the last couple of months, it needs to find a level and consolidate, one thing is for sure they won't have a lack of exploration results to keep the investors interested.

Also the fact they continue to highlight the option to list on the TSX leads me to believe that it is just a matter of time before it happens, this will lead to a whole new set of investors.
 
Hi can anyone give a chart analysis on this one? To me the macds have crossed down so could we see much of a fall in price to come? Also is there any more announcements due out soon? It seems interest has gone from this stock and moved elswhere since the pathetic LaBufa results!
 
for all those still holding or looking at AZS and wondering why the sudden spike in SP today, as I have discussed previously with Fat Prophets covering the stock they were likely to revisit AZS with follow up coverage and they have done that this week.

They have increased their entry point into AZS thus providing a nice solid base for the stock above the 20c level.

Also very positive on near term exploration potential.
 
mick2006 said:
for all those still holding or looking at AZS and wondering why the sudden spike in SP today, as I have discussed previously with Fat Prophets covering the stock they were likely to revisit AZS with follow up coverage and they have done that this week.

They have increased their entry point into AZS thus providing a nice solid base for the stock above the 20c level.

Also very positive on near term exploration potential.
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Have u got a copy of the fat prophets valuation? have they posted a target price? curious as to what they said abt this one.....
 
mick2006 said:
for all those still holding or looking at AZS and wondering why the sudden spike in SP today, as I have discussed previously with Fat Prophets covering the stock they were likely to revisit AZS with follow up coverage and they have done that this week.

They have increased their entry point into AZS thus providing a nice solid base for the stock above the 20c level.

Also very positive on near term exploration potential.
Click to expand...

Wow well the Fat Prophet write up did more than the assay results at Los Chinos did that's for sure. Finished up a whopping 30% today. I hope that Nachos results are good as this set of investors buy and dump in bulk and are spooked quite easily. I am assuming that Nachos and the new JV properties are what they mean by 'positive or near term exploration potential'. That is all that's left for this calendar year.

I still hold.
 
What day does Fat Prophets arrive on peoples doorsteps-just a thought so that people who want to get out can avoid mass dumping
 
Another good trade from Fat Prophets, the first buy came out a few weeks ago, buy around 12.5c, one thing good about FP is the first thing they look at in a stock is management and TSX listing this year the stock will be upgraded, I'm positive about more good drilling results as they are in a highly rich mineral area, wouldn't want to guess what price the stock would be at the end of the year, already over 100% gain, definately a hold I think.
 
alankew said:
What day does Fat Prophets arrive on peoples doorsteps-just a thought so that people who want to get out can avoid mass dumping
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Fat Prophets very rarely sell, they might sell 2 out of 100 stocks, all there trades are long term, many traders jump on them for a short time then take profits, some of their stocks make 100's of % gains and some 1000%.
Alot of other traders dump there stocks in fear, even taking losses, the stock becomes undervalued, this is where Fat Prophets comes in, cleaning up bargains, FP believe that AZS could turn out to be one of their best.
 
It has been a wild ride for AZS holders. Close at 17.5c; hit an intraday high of 33c as recently as mid july; falling on small volume. It is back at levels which pique my interest... but given overall market volatility and sentiment, will watch curiously.
 
No response in AZS SP today on a very upbeat day on the market. I hold this one and was surprised by the lack of movement. In fact it was one of the very few that went down slightly today, although not by much.
To me nothing has changed. What are others thoughts on AZS?
 
AussiePaul72 said:
No response in AZS SP today on a very upbeat day on the market. I hold this one and was surprised by the lack of movement. In fact it was one of the very few that went down slightly today, although not by much.
To me nothing has changed. What are others thoughts on AZS?
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Sold down half my holding pre correction. Still hold on to the 50%.

I will continue to hold for three announcements & then make an assessment of where this stock is at-
1. TSX listing;
2. Pocho Del Nachos (sp?); and
3. What minerals can be found in the tenements they recently purchased.

Problem with AZS in the current environment is there is no JORC to hang your hat on. It is a real speccie. Also it has quite a few fairweather investors willing to dump it when the market recedes or when newsflow dries up (ie La Bufa ann, subprime shocks to the Dow).

Patience remains the key with this stock. If what they alluded to in their various ann is true, there will be a glittering prize at the end for all holders. In the mean time you have to sit tight on a risky vessel.
 
Bushman said:
Sold down half my holding pre correction. Still hold on to the 50%.

I will continue to hold for three announcements & then make an assessment of where this stock is at-
1. TSX listing;
2. Pocho Del Nachos (sp?); and
3. What minerals can be found in the tenements they recently purchased.

Problem with AZS in the current environment is there is no JORC to hang your hat on. It is a real speccie. Also it has quite a few fairweather investors willing to dump it when the market recedes or when newsflow dries up (ie La Bufa ann, subprime shocks to the Dow).

Patience remains the key with this stock. If what they alluded to in their various ann is true, there will be a glittering prize at the end for all holders. In the mean time you have to sit tight on a risky vessel.
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Thanks Bushman, appreciate your comments ... very informative and makes a lot of sense. Any idea when the next announcement is due?
 
The following is not really "news" ..but I throw it in here as a bit more grist to the mil,at a time when all holders need it.Presumabely this is an ongoing investigation.Perhaps it's worth depends on how much you value this sort of publicity

Trevor Hoey. Compushares 13/7/07.
Part1


"Unloved Offshore Miners with Tonnes Of Potential"

Azure Minerals

While it is early days, Azure Minerals (AZS) has made good progress in exploring targets in Mexico, some of which are in relatively close proximity to where Bolnisi experienced success. These include the Jaguey prospect, about 100 kilometres north of Bolnisi’s cornerstone Palmarejo project, where early drilling results have indicated high grade silver, lead and zinc mineralisation.

Azure’s managing director is Tony Rovira, a well regarded Australian mining executive who was the exploration manager for Jubilee Mines when the company discovered its valuable Cosmos nickel deposit. Mexico’s 500 years of mining history has resulted in the country boasting a well trained and experienced workforce along with a pro-mining democratic government that is stable and attuned to the mining legal system. Furthermore, it welcomes overseas investment, allowing 100 per cent ownership and offering a low tax environment.
 
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