Total
0
Shares
Azure Minerals (ASX:AZS) - Managing Director, Tony Rovira
Managing Director, Tony Rovira
Source: The Northern Miner
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Azure Minerals (AZS) has continued to expand the mineralised system at the VC-07 prospect which is part of the Andover Nickel-Copper Project in WA
  • The mineralised system now exceeds 300 metres of strike and more than 400 metres below surface
  • Azure has also identified a second mineralised zone above the main zone, which brings nickel-sulphide mineralisation to within 60 metres of surface
  • The miner is undertaking a 30,000-metre program to define a mineral resource estimate for the VC-07 prospect
  • 15 holes have been drilled so far and a third rig will be mobilised next month to accelerate drilling
  • Company shares are up 1.54 per cent and are trading at 33 cents

Azure Minerals (AZS) has continued to expand the mineralised system at the VC-07 prospect which is part of the Andover Nickel-Copper Project in WA.

The company is undertaking a 30,000-metre program with 15 diamond holes drilled so far for roughly 6718 metres.

Since the last update in mid-February, Azure has drilled five holes, which have successfully intersected sulphide mineralisation. This has, once again, extended the overall mineralised system up-dip, down-dip and along strike.

The VC-07 mineralised system now exceeds 300 metres of strike with mineralisation extending to more than 400 metres below surface.

“The VC-07 nickel-copper mineralised system continues to excite with significant mineralisation defined near surface, down-dip and along strike, and remaining completely open in these directions,” Managing Director Tony Rovira said.

Azure has also identified a second mineralised zone above the main zone. The new zone, dubbed the “Upper Zone” has been intersected in three drill holes and brings nickel-sulphide mineralisation to within 60 metres of surface.

“Given that we have drilled the VC-07 EM conductor plate over 300 metres of strike with 750 metres still to be tested, and that the mineralised body is unconstrained at depth, we are growing evermore confident that further drilling will define a major nickel-copper sulphide deposit at Andover,” Tony concluded.

There are currently two rigs operating at the prospect, however a third will be mobilised next month to continue drilling for extensions to mineralisation and define a mineral resource estimate.

Company shares are up 1.54 per cent and are trading at 33 cents at 1:05 pm AEDT.

AZS by the numbers
More From The Market Herald
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
Vango Mining (ASX:VAN) - Executive Chairman, Bruce McInnes

" Vango Mining (ASX:VAN) unveils further gold intersections at Marymia

Vango Mining (VAN) has unveiled further gold intersections from an ongoing open-pit drilling campaign at its Marymia Gold Project in the mid-west region

" Pursuit Minerals (ASX:PUR) gets final assays from Phil’s Hill

Pursuit Minerals (PUR) has confirmed a silver sulphide mineralising system at its Phil’s Hill prospect in Western Australia following receipt of the final