Proactive Investors reported that Azure Minerals has intersected high grade copper of up to 1.5 metres at 11.9% copper equivalent following resource extension drilling at its Promontorio project in Mexico.

Of the assays for the first 16 holes received 14 showed significant mineralization.

Sampling of the remaining 17 holes is ongoing and results are expected in the next 2 to 4 weeks.

The assays received to date are predominantly from extensions of known mineralized veins. But new veins containing massive copper sulphide mineralization have been intersected in recent drilling assays of which are pending.

These new veins will potentially have a positive impact on the new mineral resource estimation for Promontorio likely to be completed by April 2013.

2 new targets separate from the resource area have been identified and will be drill tested in the current program. Drilling at Promontorio will be completed shortly with the total program comprising 33 holes for approximately 3,550 metres.

The Promontorio is a high sulphidation epithermal deposit which currently contains a JORC mineral resource of 502,000 tonne at 4.7% copper. 2.1 grams per tonne of gold and 99 grams per tonne of silver.

The deposit remains open along strike and at depth and Azure believes that the current drilling program has the potential to achieve the its near-term goal of doubling the existing resource.