The Kookynie kingpin’s 88km strike: Azure adds four new tenements to its fast-growing, gold-rich WA project
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Azure’s portfolio keeps growing and growing after it staked two new exploration licence applications (ELA) alongside the application for an additional two licences to the south of the Barton Gold project.
The land package now spans across 88km of strike length over the main Kookynie geological trend, which hosts under-explored mineralised trends covering greenstone belts, adjacent granite margins and favourable structural settings.
Tenements now include one granted exploration licence, six ELA’s (totalling 483km), and four ELA’s (totalling 336km) where Azure (ASX:AZS) is competing against others for ownership.
AZS believes these tenements are strategically situated and represent the potential for hosting significant gold and base metals mineralisation.
Perfectly positioned nearby are several growing gold deposits including Genesis Minerals’ (ASX:GMD) Ulysses Gold Project, Saturn Metals’ (ASX:STN) Apollo Hill Gold Project, and a recent high-grade gold discovery by Metalicity (ASX:MCT), among many others.
A reverse circulation (RC) drilling program has kicked off at the Daisy prospect, where the company is testing for northern extensions of the Puzzle North mineralisation.
Azure’s application for two exploration licences includes the Christmas Well and Two Dees tenements.
Christmas Well is prospective for Kookynie-style gold mineralization as well as massive sulphide (VMS) mineralisation, usually consisting of copper-zinc-lead-gold-silver.
Two Dees, on the other hand, is prospective for gold mineralisation like Genesis’ nearby Ulysses and Admiral-Butterfly-Clark gold deposits.
Heading southwards, AZS has applied for an additional two licences at Cranky Jack, adjoining the southern boundary of Azure’s main tenement package in the Barton project area and Yarri – which is in competition with three other applicants.
Cranky Jack covers about 33km strike length of the southern extension of the Kookynie greenstone belt and hosts a mix of mafic to felsic volcanic rocks bounded to the east and west by granites, while Yarri is prospective for both gold and nickel sulphide mineralisation.
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.