Connect with us

Press Release

Aztec Minerals 3D Modelling of Gold-Silver Mineralization Supports New Exploration & Drilling Targets at Tombstone Project, Arizona

Published

on

(via TheNewswire)

Aztec Minerals Corp.
  • Westside Area of the Tombstone project, adjacent to the historic Contention open pit, continues to show mineralized features with high potential for shallow gold-silver expansion drill targets

  • Contention Pit area field work and sampling is providing key information to delineate and expand the wide mineralized zone on surface and is being integrated into a 3D model for the first time

Vancouver, Canada – May 22, 2024 – TheNewswire – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company“) announces that 3D modeling of gold-silver mineralized features supports a high confidence interpretation for continuity of shallow, oxidized Au-Ag exploration and drilling targets, below, alongside and to the West of the Contention Open pit at the Tombstone Project in Southeastern Arizona. The ongoing review and modelling of extensive historic and current data, combined with ongoing field work at the Tombstone Project has provided the key elements to building the first 3D model of the historic Tombstone Silver District, incorporating: underground workings, mined stopes, geology, multielement geochemistry, SWIR alterations, and geophysics. The modelling’s preliminary results show the basis of the primary geological controls of gold-silver mineralization down to over 300 meters depth. This is an important milestone to support exploration drilling of shallow targets to potentially extend the footprint of the known gold-silver mineralized zones.

Surface exploration confirms much of the upper portions of the historic data and strengthens the confidence of the 3D model. The surface exploration and modelling have also exposed areas of potential Au-Ag mineralization not extensively explored in the past. The ability to integrate historic and current exploration data for the first time in 3D at the Tombstone Project provides Aztec with valuable information and a strong foundation to continue expanding the footprint of the shallow gold-silver mineralization.

The Tombstone JV owns patented claims related to the Contention and Westside mines. Both mines host the three main deposit styles in the Tombstone district (fissure stringer vein lodes, mineralized Qfp dikes with breccias, and CRD mineralized beds in anticlines). They both encompass multiple, historic mines that produced high-grade gold-silver oxide mineralization at the Tombstone Project.

Recent review of historic data and on-site investigations by Aztec have confirmed that the Westside area was previously planned as an expansion of the Contention pit operations at the time on the interruption of mine operations in 1982. This review identified the Westside area as a high potential target for shallow gold-silver mineralization, almost doubling the project’s potential gold-silver oxide mineralization footprint near to the historic Contention Pit (please see news release dated April 22, 2024).

Aztec has completed a wire frame model of the tunnels (see Figure 1 below) and the Quartz-feldspar dikes (Qfp) (see Figure 2 below), which acted as mineralized solution conduits in the historic Tombstone Silver district. Aztec is now modelling the mined stopes, such as those of the Westside anticline (see Figure 3 below) and then model the intricate folded and faulted sedimentary geology.

Figure 1- Tombstone Project – Initial stage of the 3D modelling is of wire framed underground workings of the Westside Area and Contention Pit Areas


Click Image To View Full Size

Aztec’s recent surface exploration has confirmed the presence of several known and new mineralized features and mine workings and has georeferenced their positions in the project area. This has confirmed the historic positions of the underground workings and related important mineralized features, and that the mineralized features could be exploration targets, with evidence that their intersection potentially hosts broad gold-silver mineralization near surface.

Review of historic data has confirmed the Westside anticline was mined on at least five separate, stacked, oxidized CRD replaced layers in the sediments near the crest of the axis along its 450+ m length, noting that, at its intersection with the Arizona Queen Fissure at the fifth level (see Fig. 3 below), the 120 m long Sulphuret stope, was mapped at over 60 m wide and 10-20 m thick. The Sulphuret stope was reported (Butler, 1938) to have production averaging 70 opt silver with high-grade gold. Aztec drilling has confirmed that the gold-silver mineralization in the property extends beyond the limits of the historically mined stopes.

Figure 2. Tombstone Project Qfp Dikes with Property Limits Plan View


Click Image To View Full Size

Most of the Westside area and its multiple targets have yet to be explored, representing a key area for future drilling and potential shallow resource delineation. The Westside – Sulphuret mine workings reached to the 7th and 8th levels (210-250 m), and historic drilling has significant CRD-style mineralized intercepts at 500 to 600 m depths. Several poorly explored anticlines, with evidence of mineralization at the edge of the historic open pit, have been identified and will be part of the exploration targeting.

In the Tombstone district the sedimentary hosted mineralization (CRD) is focused on the anticlines, in multiple, stacked horizons that have favorable permeability and chemistry with associated skarning-hornfelzing, argillic and silicic alterations. It appears the Qfp dikes generally have significant Au-Ag mineralization associated with them in the sedimentary country rock at an estimated average radius of 15 meters distally from their physical limits. The dikes and the quartz stringer lode-fissures at their intersections with the favorable sedimentary horizons often develop broad zones of mineralization.

Figure 3. Detail of the Westside Anticline, Fifth Level Stopes (Fuchsia colour) with Westside and Arizona Queen Fissure Lodes (Magenta color), mineralized Qfp dikes and mine workings

Current Exploration Program

Aztec’s crews onsite are continuing the 2024 Tombstone exploration program (see news release dated April 22, 2024). Company is currently developing high priority drill targets as a result of the surface exploration program in the area of the Contention pit and surroundings, advancing the detailed geological mapping, and further out with reconnaissance level geological mapping of lithologies, Terraspec SWIR alterations and structures, multi-element rock geochemistry, and thin section petrology and alterations to review the hosting of the gold-silver mineralization. The data acquired is being integrated into the 3D model being constructed including the historic mine workings and geologic mapping of the principal portion of the Tombstone district. The 3D model is being geolocated to the current surface and geology, geochemistry and geophysics and will then be interpreted to strengthen both shallow and deep drilling targeting. This information will be used in supporting the upcoming drilling program design.

The ongoing exploration program is adding key knowledge into the expansion potential of the bulk tonnage, gold-silver oxidized mineralization, and from that, continue drilling and mineralization footprint. The focus of this exploration program is to better define the three styles of mineralization known to exist on the property and to identify top priority targets for drilling. The three types of known mineralization at the Tombstone property are as follows:

  • Silver-gold bearing, north-northeast striking felsic intrusive dikes hosting mesothermal stock-works and hydrothermal breccias that cut the Cretaceous Bisbee Group and the underlying Paleozoic carbonates, on which the historic Contention underground mine and later the 1980’s open pit heap leach mine was developed, which now is known to extend laterally and vertically beyond the Contention pit

  • High-grade, silver-gold quartz stringer vein lodes striking northeast cutting the Cretaceous Bisbee Group clastic sediments and the Paleozoics, which are related to several of the historic mines in the Tombstone district

  • Tombstone’s well known, high grade, oxidized, silver-gold rich base metal carbonate replacement deposits (“CRD”), which lie in the lowermost Bisbee Group and in the underlying Paleozoic carbonates, have a geologic setting very similar to the world-class Hermosa Taylor base metal sulfide deposit of South32, located 65 kilometers southwest of Tombstone. Strong structural controls of the Tombstone CRD deposit locations related parallel to the crests of anticlines, usually with vertical (“reef”) stacking on multiple, favorable horizons

Positive indications for mineralization at Tombstone include:

  1. The Bisbee sediments exhibit widespread fracturing, silica-pyrites-sericite-clay alteration, quartz veinlets, stockworks, and hornfelsing and in the limestones jasperoids, dolomitization and skarn development

  2. The Contention open pit mine is centered along a strong NNE fault structure with large, mineralized felsic dikes possibly related to a deeper intrusion

  3. The underground Contention mine mined the dike mineralization to over 300 m depth

  4. Historic drilling by Newmont and Santa Fe to over 700 m depth have intersected narrow to wide, high grade CRD mantos, evidence that the Paleozoic limestones are prospective

  5. The presence of several manganese-silver rich mines surround the Property are considered indicative of distal mineralization to CRD deposits worldwide

Tombstone Project Overview

Aztec holds a 75% interest in the Tombstone Property Joint Venture, which includes most of the original patented mining claims in the main district as well as some recently acquired properties.

The main target of the 2023 core drill program was to continue testing the shallow, bulk tonnage, heap leachable, mesothermal gold-silver oxide mineralization adjacent and below the previously mined Contention pit by infill and step-out drilling. Core drilling was deemed necessary to penetrate the multiple historic workings and to acquire needed geological data. Future drilling is expected to focus on strike and dip extensions of the shallow oxide mineralization and move deeper to test for larger and deeper “Taylor-type” CRD targets along and adjacent to the Contention structure.

The Tombstone project is located 100 kilometers (km) southeast of Tucson, Arizona and covers much of the historic Tombstone silver district. Tombstone is renowned for its high grade, oxidized, silver-gold mesothermal stringer lode veins, hydrothermal breccias and manto CRD orebodies that were mined in the late 1800’s and early 1900’s. The historic silver production in the Tombstone district from 1878 to 1939 was estimated at 32 million ounces and 250,000 ounces of gold.

The district geology consists of a mix of shallow-level, oxidized Au-Ag and base metal deposits related to CRD and skarns hosted in folded and thrusted sediments, intrusive dikes and lode veins, and as well the under explored, sulfide versions located below the water table.

Host rocks to the mineralization are primarily the clastic sediments of the lowest portion of the Cretaceous Bisbee Formation. Between 50 and 300 meters (m) in depth, the Bisbee is underlain by approximately two kms thick of the same Paleozoic carbonate formations that host the 110 MT Hermosa-Taylor zinc-lead-silver deposit of South32 located 60 km southwest of Tombstone.

Although the historic silver mines at Tombstone were generally small, Aztec believes they could be related to much larger mesothermal and CRD orebodies below the old mines. Since 2017, Aztec has completed geological mapping, geochemical sampling and geophysical surveying to identify the most prospective areas for Au-Ag mineralization around and below the Contention open pit, and CRD zinc-lead-copper-silver-gold mineralization below the entire district. Aztec management views the district as highly prospective for the discovery of mesothermal and CRD orebodies.

Note: Gold equivalents are calculated using a 80:1 silver:gold ratio in 2020 and 2023 and a 70:1 silver:gold ratio in 2021. Reported lengths are apparent widths, not true widths. The Contention Au-Ag mineralization zones are generally west dipping at around 60-80 degrees, associated with the quartz-feldspar porphyry dikes. However, these dikes also extend as sills in shallow angles out from the Contention fault along fold noses in the Bisbee clastic sediments so the full range of mineralization dips vary from 20 to 80 degrees. True widths for the apparent mineralization intersection widths of the drill holes approximately range from 50 to 100% of the apparent widths, with the norm for the mineralized true widths being 60 to 90% of the apparent widths. Please see summary news releases dated: July 5, 2023, December 7, 2021, and January 12, 2021.

*Grade-Thickness in meters-grams/tonne means the result of multiplying a drill hole intercept length, measured in meters, by the grade of the gold values in the intercept, the resulting compiled number is measured in grams/tonne. Grade thickness is not to be construed as gross metal value nor as a resource. The Tombstone property does not have a current, compliant resource estimation at this point.

Summary Tombstone Project Highlights

  • Well located property on patented (33) and unpatented (42) claims (452.02 hectares/1,116.94 acres), covers much of the historic Tombstone silver mining district, great infrastructure, local town, road access, full services, water, power

  • Historic silver district produced 32 million oz silver from 1878-1939, in high grade, oxidized, silver-gold-lead-zinc-copper vein, breccia and CRD deposits, and small open pit heap leach production in late 1980’s

  • Drilling by Aztec in 2020-23 has demonstrated that the Contention Pit target has significant, shallow. oxidized Au-Ag bulk tonnage mineralization which is open in all directions

  • Multiple other prospective targets in Cretaceous and Paleozoic rocks related to major NW and NNE trending structures hosting porphyritic intrusions crosscutting a possible caldera ring structure

The following are highlights of recent drilling intersections supporting the conceptual exploration model for mineralized footprint growth.

  • TR21-22: 2.44 gpt Au and 66.56 gpt Ag (3.39 gpt AuEq)over 65.5m (including 16.80 gpt Au and 374.36 gpt Ag over 7.6m)

  • TR21-03 – 5.71 gpt Au and 40.54 gpt Ag (6.28 gpt AuEq) over 32.0m

  • TC 23-01: 3,477 gpt Ag over 1.52m from a zone of 733.9 gpt Ag over 7.6 m within 125 m of 1.63 gpt AuEq

  • TR21-10: 1.39 gpt Au and 56.40 gpt Ag (2.20 gpt AuEq) over 96.0m

  • TR21-13: 1.8 gpt Au and 36.9 gpt Ag (2.33 gpt AuEq) over 70.1 m

  • TR21-17: 1.73 gpt Au and 56.20 gpt Ag (2.53 gpt AuEq) over 64.0m

  • TR21-08: 2.09 gpt Au and 47.1 gpt Ag (2.76 gpt AuEq) over 39.6m

  • Hole TC23-02 – 1.69 gpt gold and 29.07 gpt silver (2.03 gpt gold AuEq) over 45.3 m, including 10.1 m grading 6.63 gpt gold and 72.81 gpt silver (7.49 AuEq)

  • TC23-05 – 2.816 gpt gold and 176.64 gpt silver (5.02 gpt AuEq) over 36.0 m, including 6.45 gpt gold and 408.47 gpt silver (11.554 gpt AuEq) over 15.5 m

The company in conjunction with its exploration sampling programs uses quality assurance-quality control as part of its sampling-assaying-assessments. Samples and their collection are controlled by an industry standard conforming QAQC program including insertions of certified standards, blanks and sample duplicates. The samples are being regularly shipped to and received by the Bureau Veritas Minerals laboratory in Hermosillo, Mexico for geochemical analysis.

Core and RC drilling samples are continuously collected over 5 foot (1.52m) sample intervals from all drill holes. The samples were analyzed for gold with a 30-gram sample size using the fire assay method FA430 followed by multi-element MA300, including silver. Over limits, when present, are analyzed by MA370 or FA530. All holes contain certified blanks, standards, and duplicates as part of the quality control program.

Allen David Heyl, B.Sc., CPG., VP Exploration of Aztec, is the Qualified Person under NI43-101, supervised the Tombstone exploration programs. Mr. Heyl has reviewed and approved the technical disclosures in this news release.

“Simon Dyakowski”

Simon Dyakowski, Chief Executive Officer

Aztec Minerals Corp.

About Aztec MineralsAztec is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

Contact Information For more information, please contact:

Simon Dyakowski, President & CEO, Director

Tel: (604) 685-9770
Fax: (604) 685-9744
Email: [email protected]

Website: www.aztecminerals.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements:

This news release contains “forward?looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work, develop new drill targets at the Tombstone project, carrying out future exploration work on the Company’s projects, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of gold, silver and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law.

Copyright (c) 2024 TheNewswire – All rights reserved.

comtex tracking

COMTEX_452750747/2895/2024-05-22T15:10:26

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

The Beauty of Solid Wood Floors with Hardwood Flooring Group Inc.

Published

on

When it comes to flooring options, the modern homes have one of the very first things that comes to your mind that adds to beauty and elegance is the solid wood floors. That adds to the durability and elegance and enhances the aesthetic appeal of any given space.

At Hardwood Flooring Group, we invite you to check out the natural beauty and durability of wood flooring. Helping our customers to create spaces that are timeless and durable in nature as well. All those people who are looking to add to the benefits of using wood flooring should take a look at some of the reasons why we urge our customers to incorporate wood flooring for you and your loved ones in their homes and commercial settings.

Here is a brief insight into what solid wood flooring could do to your space.

The grace of solid wood flooring:

No matter if you are interested in creating a modern look for your home or still looking to delve into the traditional settings. We offer you to take a sneak peek into the solid wood flooring. And how it adds elegance and grace to any given space.

Solid woods exhibit warmth and richness to the flooring that no other flooring could promises to replicate. You could play around with the richness of the wood at the same time look forward to create a dignified play of color variation for any flooring.

For people who are looking to experiment with the color variation of the solid wood, you have the option to choose from walnut, solid red or white oak wood colors or the striking grain of the Hickory. At Hardwood Flooring Group, we promise to install sold wood flooring that matches any given theme, setting, or, most importantly, the style that you might want to portray in your wooden flooring.

Durability: 

While there are many other reasons why you should choose to go for the solid wood flooring and one among them is the ability to remain true to its nature for a very long time.

However, it is important to mention that the solid wood flooring requires proper maintenance and therefore, if maintained properly you could find them to be the perfect partner for your floors that lasts longer for generations to come.

The ability to stay in the same manner from season to season makes solid wood flooring one of the best choices for homemakers, builders and business owners because these floorings are not only appealing but also cost-effective.

Seamless integration:

When you take a look at solid wood flooring, we understand that different clients have different tastes in their flooring requirements, and therefore, the versatility in design and shape and, most importantly, the integrity of the flooring is what makes them so desirable. Moreover, the important aspect of solid wood flooring is the seamless integration that it offers to homeowners.

No matter what style you pick and what design that you prefer the solid wood flooring is what amalgamates to new and existing design seamlessly.

CONTACT DETAILS:

Website: https://www.woodfloorgroup.com/ 

Email: [email protected]

Phone Number: (954) 489-8384

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Expert Installation Services by Hardwood Flooring Group Inc.

Published

on

For all those who are seeking wood flooring solutions. We at Hardwood Flooring Group Inc. provide you with all the leading flooring solutions that are capable of seamlessly integrating into the existing theme and design of your space.

We are proud to provide flooring solutions that include installation, design and customization of Hardwood Flooring Group. Here, we are offering you solutions that are professional execution, ensuring that every flooring solution is built with precision and excellence.

However, if you are looking to get the new flooring installed, then look no further and choose Hardwood Flooring Group. Then there are some of the reasons why our clients choose us over others in the market.

Experience:

With tons of experience on the back, we are the ones who choose excellence and craftsmanship when it comes to the installation of hardwood flooring in your home. At Flooring Group Inc., we are a team of professional and dedicated craftsmen who are ready to provide you with exceptional services, immaculate finishes, and touches of elegance for your space.

Diversity:

While you take a look at some of the most diverse flooring options for your space, it is important to choose those that allow you to have versatility and diversity in your choice.

However, it is important to make sure that you prefer those who give you options in various techniques of installation. With hardwood, you always have a choice and the option of choosing flooring approaches that kick in right with your existing theme and design.

Detailed understanding:

With our expert consultation services, we are offering you a comprehensive understanding of your ideas and creative instinct and adding our expert experience to craft a final piece of flooring which matches no other. 

We at Hardwood Flooring Group INC. understands the fact that each of our client approaches our installation and consultation services with different ideas in mind. And we pay complete attention to the details and understands their perspective.

Precision installation:

Among many other reasons why you should choose our services over others, it is important to understand how our team works.

We are team of dedicated individuals who are ready to install, design and give you expert consultation services and that too under one roof. What separates us from others is our precision in installation.

We make sure that each plank is aligned and fitted and gives a finish that matches your expectations.

Commitment to time and cost:

We understand how excited our customers are to witness the final touches of Hardwood flooring, and therefore, we make no compromises to the time and cost of our installation services.

Our teams are dedicated to providing you with timely finishes, flawless touches, and prices that are sure not to match those of our service providers in the vicinity.

Hardwood Flooring Group Inc. is a hardwood flooring solution that sets no barrier when it comes to choosing quality, cost, and standard of material and installation services.

CONTACT DETAILS:

Website: https://www.woodfloorgroup.com/ 

Email: [email protected]

Phone Number: (954) 489-8384

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

China Medical System: Innovative Drug Methylthioninium Chloride Enteric-coated Sustained-release Tablets Approved for Marketing in China

Published

on

  • Innovative drug Methylthioninium Chloride Enteric-coated Sustained-release Tablets (Lumeblue®) is an oral diagnostic drug, approved by China’s NMPA for enhancing visualisation of colorectal lesions in adult patients undergoing screening or surveillance colonoscopy.
  • The results of the Phase III clinical trial in China show that the Product can significantly improve the detection rate of non-polypoid colorectal lesions (the primary endpoint of the study), leading to an improved detection rate of dangerous lesions such as non-polypoid adenomas (the secondary endpoint).
  • The Product can be taken during the bowel preparation step, ensuring that colorectal staining is completed by the time colonoscopy is conducted. This not only enhances the detection rate of colorectal lesions but also potentially simplifies the colonoscopy procedure, making the examination more efficient and improving the screening benefits.
  • As of now, CMS’s newly launched innovative portfolio has been expanded to 5 products, continuously generating driving force to the Group’s sustainable and healthy development.

 

SHENZHEN, CHINA – China Medical System Holdings Limited (the “Company”, together with its subsidiaries, the “Group” or CMS) is pleased to announce that on 11 June 2024, the New Drug Application (NDA) of the Group’s innovative drug methylthioninium chloride enteric-coated sustained-release tablets (Lumeblue®) (the “Product”) has been approved by the National Medical Products Administration of China (NMPA). The drug registration certificate was obtained on 18 June 2024. The Product is indicated to enhancing visualisation of colorectal lesions in adult patients undergoing screening or surveillance colonoscopy, and it is the first oral methylthioninium chloride enteric-coated sustained-release tablets in China. The Group will synergize with existing gastroenterology products and resources to advance the commercialization and academic promotion related works of the Product in an orderly manner, aiming to achieve nationwide large-scale clinical application as soon as possible so as to benefit patients with colorectal disease.

 

Lumeblue® is an oral diagnostic drug that uses patented multi-matrix (MMX) technology to deliver active substances directly to the colon and release them locally in a controlled manner. As an enhancer dye, the Product increases the contrast between colorectal lesions and healthy mucosa. The results of the Phase III clinical trial in China show that the Product can significantly improve the detection rate of non-polypoid colorectal lesions(the primary endpoint of the study), leading to an improved detection rate of dangerous lesions such as non-polypoid adenomas (the secondary endpoint)[1]. In addition, the Product can be taken during the bowel preparation step, ensuring that colorectal staining is completed by the time colonoscopy is conducted. This not only enhances the detection rate of colorectal lesions but also potentially simplifies the colonoscopy procedure, making the examination more efficient and improving the screening benefits.

 

According to the diagnosis and treatment data of the Digestive Endoscopy Branch of the Chinese Medical Association, approximately a total of 28 million gastroenteroscopies were completed nationwide in 2012, including 5.83 million colonoscopies. In 2019, approximately 38.73 million gastroenteroscopies were completed nationwide, an increase of 34.62% compared with 2012[2]. The Chinese consensus of early colorectal cancer screening recommends that people aged 50 to 75 years old should be screened for colorectal cancer regardless of whether they have alarm symptoms[3]. There are approximately 400 million people aged 50 to 75 in China in 2020[4]. With the popularity of early screening for colorectal cancer in China, it is expected to witness a considerable growth of the number of colonoscopies in China in the future.

 

The Product has been approved by the European Medicines Agency (EMA) to be commercialized in the European Union under the trade name Lumeblue™ in August 2020. The Group obtained an exclusive license for the Product from Cosmo Technologies Ltd, a fully owned subsidiary of Cosmo Pharmaceuticals NV, on 3 December 2020.

 

Driven by the twin-wheel of “Collaborative R&D and Independent R&D”, CMS has continuously deployed global first-in-class (FIC) and best-in-class (BIC) innovative products guided by patient and clinical demands. With enhancing R&D capabilities in developing differentiated innovative products, CMS has empowered the continuous transformation of scientific research outcomes into clinical application, continuously releasing the value of innovation. As of now, CMS’s newly launched innovative portfolio has been expanded to 5 products, continuously generating driving force to the Group’s sustainable and healthy development. Desidustat Tablets and Methotrexate Injection (rheumatoid arthritis), CMS’s innovative pipeline products, are currently under NDA review in China. Meanwhile, over 10 innovative pipeline products are undergoing clinical trials in China, mainly randomized controlled trials (RCT). CMS is expected to launch differentiated innovative products every year in the future with higher efficiency and more controllable costs, continuing to optimize its product portfolio and build fresh driving forces for the mid- to long-term development of the Company.

 

About CMS

CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

 

CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

 

CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its dermatology and medical aesthetics business, and ophthalmology business, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a “bridgehead” for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.

 

Reference:

  1. The results of the Phase III clinical trial in China was published and can be found at: https://web.cms.net.cn/en/2022/12/positive-results-for-china-phase-iii-clinical-trial-of-methylthioninium-chloride-enteric-coated-sustained-release-tablets/
  2. The diagnosis and treatment data of the Digestive Endoscopy Branch of the Chinese Medical Association
  3. Chinese consensus of early colorectal cancer screening (2019, Shanghai)Chinese Journal of Internal MedicineDOI 10.3760/cma.j.issn.0578-1426.2019.10.004
  4. CHINA POPULATION CENSUS YEARBOOK 2020, can be found at https://www.stats.gov.cn/sj/pcsj/rkpc/7rp/zk/indexch.htm

 

CMS Disclaimer and Forward-Looking Statements

This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

 

This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

 

Media Contact

Brand: China Medical System Holdings Ltd.

Contact: CMS Investor Relations

Email: [email protected]

Website: https://web.cms.net.cn/en/home/

Source: China Medical System Holdings Ltd.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST