Azure swoops on more nickel-copper hits at Andover discovery
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Special Report: A second drill hole has extended the richly mineralised zone for +40m from the ‘discovery’ hole and validated Azure Minerals’ (ASX:AZS) geological model in the process.
The Andover nickel project in the Pilbara continues to impress after a maiden drill sparked an immediate re-rate of the company’s share price early this week.
Drill hole number two has now hit 14.50m of semi-massive, matrix and disseminated nickel and copper sulphides from about 100m depth.
A 4.05m interval of strongly mineralised semi-massive and matrix sulphides (the good stuff) links with the down-dip extension of a similar interval in the maiden drill hole.
It extends the mineralised zone by at least 40m ‘down dip’.
By the way, when companies talk about going ‘along strike’ or ‘down/ up dip’ this is what they mean:
Azure geologists observed significant quantities of nickel and copper sulphides in the drill core of both holes.
This was verified by pXRF, a technique used to get initial info on a sample out in the field.
Importantly, the “width and tenor” of the mineralised intercept in hole two is consistent with the predicted position of an electromagnetic (EM) conductor plate.
The company believed that the multiple strong conductor anomalies at Andover could be buried nickel sulphide bodies. That belief has now been validated.
“This modelling indicates that the main conductor strengthens at depth and this target is currently being tested by hole ANDD0003,” Azure managing director Tony Rovira says.
“To provide additional definition of along-strike and down-dip extensions to these conductor plates and refine future drill targeting, the EM survey crew has arrived back on site and down hole surveying has started in hole ANDD0002, with additional holes to be surveyed as they are completed.
“The strong correlation of EM conductors with massive to semi-massive nickel and copper mineralisation augurs well for further exploration success as numerous EM conductors identified from surface surveying remain to be tested.”
Assay results from these holes “will be released as they become available”, Azure says.
This article was developed in collaboration with Azure Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.