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Azure Minerals’ (ASX:AZS) Andover Project delivers more strong results

Materials
ASX:AZS      MCAP $1.692B
12 January 2021 13:30 (AEST)

Azure Minerals (AZS) has announced it has received more strong nickel and copper results from recent drilling at its Andover Project.

AZS recently completed a diamond drilling program at the nickel-copper asset in WA’s Pilbara Region— with seven holes completed for 2720 metres.

The best intersection from the latest results include 19.2 metres at 1.47 per cent nickel and 0.41 per cent copper from 406.3 metres in Hole ANDD0006.

Hole ANDD0005 returned similar results of 18.7 metres at 1.35 per cent nickel and 0.68 per cent copper from 325.3 metres.

Previous results from the asset also managed to extend the nickel sulphide zone at the project by another 120 metres.

But, when combined, all of the results from this recent drilling program at Andover define a vertical mineralised section exceeding 120 metres.

Pleasingly, the nickel-copper mineralisation remaining open both up-dip and down-dip, as well as along strike to the east and west.

“Nickel-copper sulphide intersections coincide with large VC-07 electromagnetic (EM) conductor, providing further confidence that this 1050-metre-long and over 200-metre-deep body represents a substantial deposit,” the company stated.

To follow up on the strong results at Andover, the exploration company is planning a two-stage diamond drilling program which will begin shortly.

The program will comprise of two consecutive 15,000 metres drilling campaigns, with the first phase designed to delineate the extent of the mineralised system.

Meanwhile, the second phase will aim to define the deposit to JORC mineral
resource standards.

Shares in Azure Minerals have jumped 3.96 per cent in the green following Tuesday’s announcement, trading at 52.5 cents each at 11:44 am AEDT.

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