Azure Minerals (ASX:AZS) - Managing Director, Tony Rovira
Managing Director, Tony Rovira
Source: Azure Minerals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Azure Minerals (AZS) has intersected more massive nickel-copper sulphides at its Andover project in WA’s Pilbara region
  • Visual inspection of the drill core from the fifth hole at Andover indicates a wide zone of nickel-copper sulphides
  • Every hole drilled so far has intersected similar wide zones of mineralisation, coincident with electromagnetic conductors detected in previous surveys
  • The fifth hole intersected a 20.8-metre section of sulphides, with onsite portable X-ray fluorescence (pXRF) readings indicating significant nickel and copper grades
  • Drilling will continue to seek extensions to the modelled mineralisation, while assays are being processed for the most recent drilling
  • Azure Minerals is down 12.50 per cent to 84 cents

Azure Minerals (AZS) has intersected more massive nickel-copper sulphides at its Andover project in WA’s Pilbara region.

Sustained success

Visual inspection of the drill core from the fifth hole at Andover indicates a wide zone of nickel-copper sulphides.

Every hole drilled so far has intersected similar wide zones of mineralisation, coincident with electromagnetic conductors detected in previous surveys.

The fifth hole was designed to test the up-dip extensions of a 38-metre zone of nickel-copper sulphides intersected in the fourth hole.

The two holes were targeting the eastern part of the large VC7 conductor, which spans an area of around 1,050 by 200 metres.

The fifth hole intersected a 20.8-metre stretch of blebby and semi-massive to massive sulphides, with onsite portable X-ray fluorescence (pXRF) readings indicating significant nickel and copper grades.

While assays are still pending for the third, fourth and fifth holes, the signs so far augur well for positive results.

Looking ahead

Azure’s initial 12-hole, 3000-metre diamond drilling program will continue as planned, targeting 12 conductors located in fixed loop and downhole electromagnetic surveys.

So far, Azure has enjoyed a 100 per cent success ate in hitting the targeted sulphides from electromagentic modelling. As a result, it appears Azure’s geological work is in line with results confirming and validating the interpretation.

Drilling of the sixth hole is now underway, targeting a down-dip extension of the mineralisation detected in the fourth and fifth holes.

The company will then continue step-out drilling along strike to the west-northwest to expand the potential mineralised zone.

Azure Minerals is down 12.50 per cent to 84 cents at 11:07 am AEDT.

AZS by the numbers
More From The Market Online

What can we expect from the North American mining sector in 2024?

You may be surprised to learn the USA's nonfuel mining industry contributed US$3.64 trillion towards the…

Shaping Australia’s tech-infused mining industry

According to the Minerals Council of Australia, the nation's mining sector has invested $30 billion in…