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Azure Minerals (ASX:AZS) begins diamond drilling at Andover

Mining
ASX:AZS      MCAP $1.692B
03 October 2020 06:00 (AEST)

Azure Minerals (AZS) has begun diamond drilling at the Andover Nickel-Copper Project in the West Pilbara region of Western Australia.

Andover is held in a joint venture with the Creasy Group, with Azure owning 60 per cent of the project and the remaining 40 per cent is held by Creasy.

Azure began its maiden exploration program in August and will undertake geophysical surveys and drilling as part of this program.

Work includes fixed-loop electromagnetic (FLTEM) surveying over 10 target zones, a 12-hole diamond drilling program on defined targets, and downhole electromagnetic surveying of drill holes.

The FLTEM surveys have been completed and they identified multiple strong conductor anomalies which potentially indicate buried nickel sulphide bodies.

A 3000-metre diamond drilling program is now underway to follow-up on results such as seven metres at 2.62 per cent nickel and 0.65 per cent copper including 26 metres at 1.03 per cent nickel and 0.46 per cent copper from 43 metres.

“We’re very pleased to get our first drilling program at Andover underway so quickly, in what is a target-rich environment for nickel and copper sulphide mineralisation,” Managing Director Tony Rovira commented.

“The ground EM surveying has identified numerous electromagnetic conductors indicative of bedrock-hosted sulphide mineralisation and drilling of these new anomalies will be undertaken as a matter of high priority,” he added.

Drilling will be carried out through the remainder of the year and first results are expected later in the month.

Azure has ended the day in the grey with shares trading for 18.5 cents each in a $44.8 million market cap.

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