Azure Minerals Confirms VC-23 Discovery

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported results from drilling recently carried out at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals informed the market the drilling had confirmed that sulphide mineralisation it had observed in diamond drilling at the VC-23 target at Andover returned meaningful nickel and copper assays, intersecting massive, semi-massive and matrix nickel-copper sulphides in multiple holes, including:

5.8m at 1.12 per cent nickel and 0.71 per cent copper from 69.6m;

4m at 1.69 per cent nickel and 0.21 per cent copper from 32.7m, including: 1.3m at 3.51 per cent nickel and 0.21 per cent copper from 32.7m;

7m at 1.35 per cent nickel and 0.45 per cent copper from 95m, including: 2.7m at 2.29 per cent nickel and 0.48 per cent copper from 96m;

4.4m at 1.17 per cent nickel and 0.61 per cent copper from 84.6m;

4m at 1.02 per cent nickel and 0.49 per cent copper from 92.3m; and

0.6m at 1.30 per cent nickel and 0.37 per cent copper from 85.1m.

The VC-23 target is the second of ten targets to be drill tested as part of Azure’s ongoing nickel exploration program at Andover.

The targets were identified by way of high priority surface fixed-loop electromagnetic (FLTEM) and DHTEM surveys. And included the VC-07 discovery target.

“We’ve started 2021 at Andover with strong momentum on several fronts,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Drilling continues to expand the substantial body of nickel-copper sulphide mineralisation at VC-07, while our first reconnaissance drilling on another high priority target has resulted in a new discovery of significant nickel and copper sulphides at VC-23.

“Furthermore, the company’s ongoing geophysical exploration continues to identify more prospective targets for drilling, demonstrating the highly prospective character of the entire Andover project.

“The new VC-23 discovery is wide-open for further expansion with the mineralisation remaining open in all directions.

“The downhole electromagnetic (DHTEM) surveying identified multiple off-hole EM conductors that will be a major focus for the next round of drilling.

“With the sulphide mineralisation being remobilised from a primary source, we believe that VC-23 could potentially host a mineralised system similar to that at VC-07.”