- Azure Minerals (AZS) has found nickel and copper sulphides in the first three diamond holes at the VC-23 target on the Andover Project in WA
- Drilling at Andover is aimed at defining a mineral resource at the VC-07 conductor, as well as testing the VC-23 target, which has yielded pleasing historical results
- All drill holes have been prepared for geophysical surveys which will be completed shortly and assist with additional drilling.
- The holes have been logged and samples have been dispatched to the lab for analysis, while drilling of the fourth hole is underway
- Company shares are trading 11.1 per cent higher at 55 cents
Azure Minerals (AZS) has found nickel and copper sulphide mineralisation in the first three diamond core holes at the VC-23 target on the Andover Project.
Azure owns a 60 per cent stake in the WA-based project, while Creasy Group owns the remaining 40 per cent.
Drilling recommenced on January 14 and is aiming to define a mineral resource at the VC-07 conductor which is believed to represent a continuous body of bedrock sulphide mineralisation that extends for more than 1050 metres and over 200 metres down dip.
The program is also testing the VC-23 target which has yielded pleasing historical results.
VC-23 is the first of the high-priority targets being tested. So far, three holes have been completed, with the fourth in progress.
The sulphide mineralisation found in all three holes was observed in various forms, including banded massive, semi-massive, matrix and disseminated sulphides hosted in gabbro and similar mafic rocks.
Hole ANDD0009 intersected several zones of massive and matrix nickel-copper sulphides within an overall 8.6-metre-wide mineralised envelope commencing at 65.8 metres downhole.
AND0010 intersected two broad zones of disseminated nickel-copper sulphide mineralisation roughly 40 metres to the south of a previously drilled hole.
The third hole, ANDD0011, intersected 3.1 metres of weathered iron-nickel-copper-rich rocks from 4.1 metres downhole, which are interpreted to represent semi-oxidised sulphides.
All drill holes have been prepared for geophysical surveys, which will be completed shortly and assist with additional drilling.
The three holes have been logged and samples have been dispatched to the lab for analysis.
Company shares are trading 11.1 per cent higher at 55 cents at 11:23 am AEDT.