- Azure Minerals’ (AZS) seventh drill hole has extended the nickel sulphide zone at the WA-based Andover nickel-copper project by 120 metres
- This hole intersected a 21.7-metre-wide interval containing nickel-copper sulphide mineralisation from 407.9 metres downhole
- Additionally, this hole is the first step-out hole on a 1050-metre long electromagnetic (EM) conductor
- Due to the sulphide-rich zones coinciding with the EM conductor, Azure believes there’s potential to uncover a major nickel-copper sulphide deposit
- The initial seven-hole drilling program has now been completed and assays for the last three are pending
- A 30,000-metre diamond drilling program will begin in the new year to test strike extensions and the mineralisation further
- Azure’s shares are down 5.93 per cent and trading at 63.5 cents
Azure Minerals (AZS) has extended the nickel sulphide zone at the Andover nickel-copper project by 120 metres.
The zone was extended through a maiden drilling program being conducted at Azure’s 60 per cent-owned Andover project which is located 35 kilometres southeast of Karratha in Western Australia.
The seventh drill hole in the program, which is also the first step-out hole on target VC-07, intersected a 21.7-metre-wide interval containing multiple zones of nickel-copper sulphide mineralisation from 407.9 metres downhole.
This mineralisation remains open along strike to the west and down-dip.
Pleasingly, all seven holes intersected broad intervals containing nickel-copper sulphide mineralisation.
ANDD0004 was the first hole drilled into the VC-07 electromagnetic (EM) conductor and returned 16.2 metres at 2.09 per cent nickel and 0.75 per cent copper from 347.5 metres. While assays are pending, the fifth, sixth and now seventh hole, have all intersected visually significant nickel-copper sulphide mineralisation.
“Azure started drilling only 10 weeks ago and all seven holes we’ve completed to date have intersected significant nickel-copper sulphide mineralisation — a remarkable 100 per cent success rate,” Managing Director Tony Rovira said.
“Given that VC-07 extends for 1050 metres east-west, at least 150 metres to 200 metres vertically, and remains unconstrained at depth, we believe there is excellent potential here for further drilling to delineate a major nickel-copper sulphide deposit,” he added.
Azure has now completed the first phase of drilling and will recommence exploration with a 30,000-metre diamond drilling program in the new year.
Key focuses of future drilling will be to continue testing strike extensions along the modelled 1050-metre length of the VC-07 conductor plate, as well as exploring down-dip extensions of the sulphide mineralisation.
Azure’s shares are down 5.93 per cent and trading at 63.5 cents at 11:44 am AEDT.