- Azure Minerals (AZS) has received more outstanding results from its majority-owned Andover Nickel-Copper Project in WA
- The latest diamond hole intersected a 38-metre-wide zone, containing multiple zones of nickel-copper sulphides from a 336.1-metre depth
- The hole was drilled to test an extensive electromagnetic conductor identified by Azure’s recent surface fixed-loop electromagnetic survey
- These findings complement previous assays which revealed 2.85 per cent nickel and 1.14 per cent copper
- Diamond drilling is ongoing and, simultaneously, downhole electromagnetic surveying is being carried out at every drill hole
- Company shares are up a healthy 22.1 per cent, trading for 69 cents
Azure Minerals (AZS) has received more outstanding results from the Andover Nickel-Copper Project in Western Australia.
The Andover Project is located in WA’s West Pilbara region. It’s held in a joint venture with Creasy Group, with Azure holding a 60 per cent stake while Creasy holds the remaining 40 per cent.
The latest diamond hole has intersected a 38-metre-wide zone containing multiple zones of nickel-copper sulphide mineralisation from a downhole depth of 336.1 metres.
The hole was drilled to test a strong, 1050-metre-long electromagnetic conductor that was identified by Azure’s recent surface fixed-loop electromagnetic (FLTEM) survey.
Results include 6.1 metres from 347.5 metres of blebby to matrix nickel-copper sulphides, 4.05 metres from 354.8 metres of massive nickel-copper sulphides, and 4.1 metres from 359.2 metres of heavily disseminated grading to matrix and massive nickel-copper sulphides.
“Given Azure’s recent success in our first three holes drilled at Andover and the distribution of outcropping nickel and copper-rich gossans, we considered that
the area to the west of our initial drilling was highly prospective,” Managing Director Tony Rovira said.
Previous results included grades peaking at 2.85 per cent nickel and 1.14 per cent copper.
“The strongly mineralised intersection in ANDD0004 leads us to believe that if
the one kilometre-long conductor plate is similarly mineralised throughout, there is excellent potential here for a major new nickel-copper deposit,” Tony added.
Diamond drilling continues at the fifth hole, which is testing for potential up-dip extensions. Further holes are planned to test down-dip and along strike.
Simultaneously, downhole electromagnetic surveying is being conducted at each drill hole to better define the vertical and down-dip extent of the VC7 conductor plate.
Drilling to test other high-priority conductors is being planned and the company hopes this will begin in the first quarter of next year.
Company shares are up a healthy 22.1 per cent, trading for 69 cents at 10:24 am AEDT.