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Azure Minerals (ASX:AZS) begins field exploration at Andover

Mining
ASX:AZS      MCAP $1.692B
27 August 2020 18:00 (AEST)

Azure Minerals (AZS) has commenced field exploration at the Andover Nickel-Copper Project in the West Pilbara region of Western Australia.

The project is held in a joint venture with the Creasy Group who holds a 40 per cent interest while Azure owns the remaining 60 per cent.

Before entering the joint venture, Creasy identified an area of the project that may be prospective for nickel and sulphide mineralisation.

Pleasingly, a number of electromagnetic conductors which showed bedrock-hosted sulphide mineralisation and nickel and copper-rich gossans were identified.

Initial exploration activities include fixed-loop electromagnetic (FLTEM) surveys to cover two locations where drilling intersected significant nickel and copper sulphide mineralisation, downhole electromagnetic surveys, and geological mapping and sampling.

Additionally, Azure will conduct a diamond core drilling program of 12 holes for around 3000 metres.

“Andover is a highly prospective nickel and copper project and we’re very excited to get on the ground and start our exploration program,” Managing Director Tony Rovira said.

The surveys will refine the locations of the conductors and optimise targets for the upcoming drilling program.

Diamond drilling is expected to begin in mid-September and will be followed up with reverse circulation drilling.

Company shares are up 3.13 per cent and trading for 16.5 cents just before market close.

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