- Azure Minerals (AZS) intersects some of the highest-grade assays to date from the VC-07 East Nickel-Copper Deposit in Western Australia
- Results have been received for 57 holes with drilling continuing to intersect significant nickel-copper sulphide mineralisation
- Overall, grades peaked at 3.34 per cent nickel, 0.87 per cent copper and 0.14 per cent cobalt
- Drilling is continuing 24/7 with focus on completing in-fill and extensional resource definition drilling to support a maiden mineral resource estimate
- Shares in Azure are up 7.04 per cent on the market and are trading at 38 cents at 10:35 am AEST
Azure Minerals (AZS) has intersected some of the highest-grade assays to date from the VC-07 East Nickel-Copper Deposit.
The VC-07 East Deposit is part of the Andover Project which lies 35 kilometres southeast of Karratha in Western Australia.
Drilling is continuing 24/7 with focus on completing in-fill and extensional resource definition drilling to support a maiden mineral resource estimate.
Azure has drilled 87 diamond holes at Andover with 76 holes drilled at VC-07 East and 11 holes drilled at VC-07 West.
Assay results have been received for 57 holes with results for the remaining 30 pending.
Drilling is continuing to intersect significant nickel-copper sulphide mineralisation with recent grades confirming the continuity of the thickness and grade of the mineralisation.
Best results include 4.1 metres at 3.34 per cent nickel, 0.87 per cent copper and 0.14 per cent cobalt from 238.7 metres within 8.4 metres at 2.58 per cent nickel, 0.71 per cent copper and 0.11 per cent cobalt from 234.4 metres.
The results received have expanded the strike of VC-07 East greater than 400 metres and extended the up-dip mineralisation to within 50 metres.
Managing Director Tony Rovira commented on the results.
“VC-07 East is shaping up to be a significant nickel-copper sulphide deposit with consistent broad widths of mineralisation, including internal massive sulphide zones that host high grades of nickel and copper,” Mr Rovira said.
“We’re moving quickly to determine the size and economic value of the deposit by progressing both the maiden mineral resource and the development studies towards publication next year.”
Shares in Azure were up 7.04 per cent on the market and were trading at 38 cents at 10:35 am AEST.