Drilling On The Lithocap Target At El Cobre Project

VANCOUVER - Azucar Minerals Ltd. reported on the two holes completed into the large Lithocap target. Both holes passed through typical clay dominant lithocap alteration into phyllic alteration. Large intervals of brecciated rock were intersected possibly reflecting a diatreme like body that may have disrupted any earlier porphyry alteration zonation in this area. Alteration data was collected from the core using a Terraspec infrared spectrometer along with the samples for assay. No significant intervals of porphyry mineralization were intersected however the second hole intersected a late sulphide vein that returned 0.70 meters of 0.95% copper and 0.42 g/t gold. At present the Company is reviewing how best to further explore this lithocap target as well as other zones on the project and will update shareholders once this is complete.

J.D. Poliquin, Chairman, said, “These two holes were the first to be drilled into this newly defined alteration target. It is important to remind shareholders that this zone is one of many porphyry targets and centers on the project. We have defined a preliminary resource on the most explored Norte Zone, and we intend to continue our exploration on this project to further unlock the potential of the multiple zones and targets which are yet to be fully tested.”