Azucar Minerals Ltd. (TSX-V: AMZ)(OTC: AXDDF) was created in May 2018 as a result of the spin-out transaction with its predecessor company, Almadex Minerals Limited, and a related $19 million Canadian private placement investment by Newcrest Mining Limited.
Azucar is led by the serially successful father-son duo of Duane and Morgan Poliquin, respectively. Azucar’s flagship property, El Cobre, is located in Mexico where the Poliquins have over 25 years of experience.
El Cobre is a copper-gold porphyry in Veracruz, Mexico. There are four copper-gold porphyry targets on the 7,300 hectare property, with mineralization over a 4 kilometer strike length. Azucar is fully permitted and funded for an exploration drilling campaign in 2018 and into 2019.
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