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- Azure Minerals (AZS) completes the mineral resource drill-out at the VC-07 East nickel-copper sulphide deposit in Western Australia
- To date, 96 diamond holes have been drilled across VC-07 East with grades peaking at 3.63 per cent nickel, 2.26 per cent copper and 0.15 per cent cobalt
- Now that drilling has wrapped up at VC-07 East, Azure is expected to deliver a maiden mineral resource estimate in the next two months
- Drilling has now moved to VC-07 West where three rigs are following up intersections of high-grade nickel-copper sulphide mineralisation and electromagnetic plates
- Azure is down 1.35 per cent on the market with shares trading at 36.5 cents
Azure Minerals (AZS) has completed the mineral resource drill-out at the VC-07 East nickel-copper sulphide deposit.
The VC-07 East deposit is part of the Andover Project, which lies 35 kilometres southeast of Karratha in Western Australia.
To date, 118 diamond holes, covering 52,188 metres, have been drilled at Andover with 110 holes drilled at VC-07 East and West, and eight drilled at VC-23.
So far, results have been received for 90 holes with assays for the remaining 28 holes expected in the next two months.
Now that drilling has wrapped up at VC-07 East, Azure is expected to deliver a maiden mineral resource estimate in Q1 2022.
Overall, grades from VC-07 East peaked at 3.63 per cent nickel, 2.26 per cent copper and 0.15 per cent cobalt.
Drilling has now moved to VC-07 West where three rigs are following up intersections of high-grade nickel-copper sulphide mineralisation and electromagnetic plates.
Further, testing of high priority targets at VC-23, VC-18 and VC-41 will begin shortly.
“From the initial identification of the kilometre-long VC-07 mineralised corridor, we’ve now completed drilling out the VC-07 East deposit and the estimation of Andover’s maiden mineral resource is underway,” Managing Director Tony Rovira said.
“From here, we move on to defining the VC-07 West mineralised body, where our earlier drilling intersected multiple sulphide-rich zones containing high grades of nickel and copper but shortly we’ll also start drilling on some of the regional electromagnetic anomalies, such as the high-priority targets at VC-23 and VC-18.”
Azure was down 1.35 per cent on the market with shares trading at 36.5 cents at 12:17 pm AEDT.
