Ann: Azure Completes Placement, page-47

PS. Welcome to AZS - I note two others have responded to your first post on HC so it has touched a nerve that IMO has been exposed about the company. Hopefully AZS are in a transition phase to miner but still very much with an explorer mentality. Read the cross posts and added this PS after typing the post below

There is going to be some drilling when approvals are sorted. The tenement is 300x300m so what would constitute a major drilling program? I suspect the planned holes will give a reasonable first pass with maybe a 1000m or so of diamond drilling.


This rough sketch outlines what an approximate 50x50m grid pattern would be required to test the entire magnetic anomaly with holes ranging up to ??200m deep (eg 10 etc and 19) and average say 150m. Roughly 20 holes for 3000m using up to some $1m would IMO be excessive unless results justify all holes being drilled.
A selection of these holes for 1000m or so including one or more deeper holes for 7-10-12-or 14 would give an idea of the extent of the skarn mineralisation.

Hole 21 is an optional one to test Zn but that is an explorer hole which is not really appropriate. Which gets back to explorer vs miner - this topic seems to be a major one and your impression of TR at the meeting may be correct. Hopefully the inclusion of Glen Jardine on the team will help shift them towards mining and revenue.