High grade nickel-copper assays confirm Azure’s Andover discovery
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Special Report: Assays from a maiden drilling program confirm the presence of high-grade nickel-copper sulphides at Azure’s Andover discovery in WA.
Azure Minerals (ASX:AZS) has surged ~100 per cent since it potentially hit the big one in its very first drillhole at the Andover nickel-copper project in WA in October.
Early testing of the drill core indicated the presence of high-grade nickel and copper.
This has now been confirmed by assay, a lab-based process which determines which/how much metal is in each drill hole sample.
It shows the first diamond drill hole at Andover intersected a wide ~40m interval containing nickel and copper sulphide mineralisation grading 0.95 per cent nickel and 0.52 per cent copper, starting from 81.6m downhole.
This includes 3.9m in massive sulphides (the good stuff) grading 2.86 per cent nickel and 0,47 per cent copper.
Hole 2 also hit high grade mineralisation, while hole 3 results are pending.
Hole 4 is currently testing a brand-new target defined by a strong electromagnetic conductor.
“With assays confirming that the massive and semi-massive sulphides seen visually in the first two drill holes contain high grades of nickel and copper, and with our third hole intersecting similar looking sulphide mineralisation, the Andover Ni-Cu Project is swiftly confirming our confidence in its potential to host a substantial nickel copper deposit,” Azure managing director Tony Rovira says.
“While we’re still at an early stage of our exploration, the intersection of good widths of nickel and copper sulphide mineralisation at shallow depths bodes well for further success and has encouraged us to drill test the electromagnetic conductors along strike and down-dip from our early holes.
“With additional drilling success, there is potential here for a sizeable nickel and copper deposit typical of other layered mafic-ultramafic-hosted nickel-copper deposits in Western Australia.”
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.