- Azure Minerals (AZS) confirms a four-kilometre-long nickel-rich mineralised belt at its majority-owned Andover project in the Pilbara region of WA
- The now-named “Southern Mineralised Corridor” (SMC) contains visually distinctive intrusive rock which the company says hosts nickel-copper-cobalt sulphide mineralisation
- Azure Minerals says initial exploration indicates the SMC may continue for another six kilometres and mapping, sampling and survey work will be carried out to define targets
- Company shares are up 1.79 per cent to trade 28.5 cents at 12:39 pm AEST
Azure Minerals (AZS) has confirmed a four-kilometre-long zone of nickel-rich mineralisation at its Andover project in the west Pilbara region of Western Australia.
The company said the now-named “Southern Mineralised Corridor” (SMC) contains visually distinctive intrusive rock and is highly prospective for hosting nickel-copper-cobalt sulphide deposits.
Most gossans are undisturbed, which reportedly indicates no prior exploration activity.
“There is virtually no soil cover over the majority of the Andover project and most rocks, including those that contain the nickel and copper mineralisation, are exposed at the surface,” Managing Director Tony Rovira said.
The company said the SMC demonstrates the large scale of the nickel deposit-forming system, with strong potential for further growth.
Based on these outcomes, the SMC is now Azure’s highest priority for exploration within the Andover complex.
With surface exploration proving to be effective in identifying the mineralised intrusive and outcropping gossans, an extensive mapping and sampling program is currently being conducted in the zone to define the mineralised belt.
Reconnaissance mapping and detailed evaluation of the airborne magnetic and electromagnetic data indicates the SMC may continue for another six kilometres.
Company shares were up 1.79 per cent to trade 28.5 cents at 12:39 pm AEST.