Azucar Announces Board and Management Appointments
NEWS RELEASE
February 6, 2019
Trading Symbols:
TSX-V: AMZ; OTCQX: AXDDF
www.azucarminerals.com
AZUCAR ANNOUNCES BOARD AND MANAGEMENT APPOINTMENTS
Vancouver, B.C. Azucar Minerals Ltd. (“Azucar” or “the Company”; TSX-V: AMZ; OTCQX:
AXDDF) is pleased to announce that Mr. Grant Hendrickson has been appointed Director of the
Company and Mr. Osbaldo Zamora has been appointed Director, Exploration of Azucar. Both
appointments are effective immediately.
Mr. Hen drickson served as Chief Geophysicist with Ivanhoe Mines Mongolia Inc. from 2002 -
2008, where he held overall responsibility for the geophysical work which played an important
role in the discovery of the Oyu Tolgoi deposit . T he main part of this very large porphyry
Copper/Gold system w as found at depths greater than a kilometre, and g eophysics played a
leading role in the discovery. From 2008 to 2016, Mr . Hendrickson was the Director of
Exploration with Goviex Gold Inc., Ibex Mongolia, and High Power Ventur es Mongolia. Prior to
his work with Ivanhoe, Mr. Hendrickson was Managing Director of Delta Geoscience Ltd. from
April 1986 to January 2005, and Director and Co-Founder of Praxis Goldfields Inc (2000-2007).
Mr. Zamora has a B.Sc. in Geology from the Autonomous University of San Luis Potosi, Mexico,
an M.Sc. in Geochemistry from the National Autonomous University of Mexico, and a Ph.D. in
Economic Geology from the University of Alberta.
Mr. Zamora ’s 20 years of geological experience ranges from precious me tals exploration to
mining. He has experience across a variety of ore deposits including skarn -type, epithermal
veins, and VMS in Mexico, Greenstone Belt gold deposits in Canada, and more recently, IOCG
and porphyry-type deposits in Chile and Peru. He has worked for major companies such as
Peñoles, Fresnillo PLC, and Mauricio Hochschild on greenfield exploration in Mexico. He has
also worked on brownfield exploration at La Cienega mine, a Fresnillo underground mine
operation, performing underground mapping, grade control, planning and supervision of drilling
programs, core logging, geological modeling, and reserve estimation. He has also worked for
junior companies including Continuum Resources in Oaxaca, Mexico, North Country Gold, and
has recently served as VP Exploration for Altiplano Metals Ltd.
J. Duane Poliquin, Chairman of Azucar stated, "We are delighted that Grant and Osbaldo have
joined the Azucar team. Grant was a key part of the team that discovered the Oyu Tolgoi
property and has been familiar with El Cobre for many years, having completed some of the first
geophysical work on the property several years ago. We look forward to his insight on the
technical aspects of our exploration programs. Osbaldo is a very well qualified Mex ican
geologist with broad international experience. We look forward to his integration into our very
active Azucar team as we advance property-wide exploration activity and focused drilling at both
existing and evolving targets”.
Azucar also announces that, pursuant to its Stock Option Plan, it has granted stock options to
purchase an aggregate 665,000 common shares in the capital of the Company at an exercise
price of $0.36 per share which expire on February 28, 2022.
About Azucar
Azucar is an exploration company with a mandate to thoroughly explore the El Cobre project in
Veracruz, Mexico, a ~7,300 Ha property which covers multiple gold -rich porphyry targets, as
demonstrated by recent drilling. Azucar is permitted and funded for active drill campaigns i n
2018 and 2019. Azucar holds a 100% interest in the El Cobre project, subject to net smelter
returns (“NSR”) royalty interests, assuming production from the property exceeds 10,001 tonnes
per day of ore, tota ling 2.25% which can be reduced to 2.0% th rough the payment of US$3.0
million.
On behalf of the Board of Directors,
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Azucar Minerals Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that te rm is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United Sta tes. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unle ss
registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Contact Information:
Azucar Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.azucarminerals.com/