THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed some of the highest grade results the company has received to date from drilling at the VC-07 East nickel-copper deposit on its Andover Joint Venture project in Western Australia (60% Azure / 40% Creasy Group).
Azure has completed 95 diamond drill holes at Andover, with 87 holes drilled at the VC-07 deposit with other drilling entailing 76 holes at VC-07 East and 11 holes at VC-07 West, and 8 holes drilled at the VC-23 prospect.
So far, assay results have been received up to and including hole ANDD0065 while the results for another 30 holes yet to come.
Three rigs are drilling around the clock at VC-07 East, with a primary focus on completing both in-fill and extensional resource definition drilling to support a robust maiden mineral resource estimate, which is expected to be completed in 2022.
The latest results included shallow hits in the upper part of the deposit of:
4.1 metres at 3.34 per cent nickel, 0.87 per cent copper and 0.14 per cent cobalt from 238.7m downhole, within 8.4m at 2.58 per cent nickel, 0.71 per cent copper and 0.11 per cent cobalt from 234.4m downhole;
4.7m at 2.93 per cent nickel, 0.40 per cent copper and 0.12 per cent cobalt from 390.7m downhole; and
4.5m at 2.72 per cent nickel, 0.59 per cent copper and 0.12 per cent cobalt from 402.9m downhole, within 22.6m at 1.71 per cent nickel, 0.83 per cent copper and 0.08 per cent cobalt from 389.1m downhole;
5.5m at 2.12 per cent nickel, 0.61 per cent copper and 0.09 per cent cobalt from 562.3m downhole, within 10.5m at 1.52 per cent nickel, 0.58 per cent copper and 0.07 per cent cobalt from 557.3m downhole;
4.8m at 2.18 per cent nickel, 1.06 per cent copper and 0.08 per cent cobalt from 397.2m downhole, within 18.2m at 1.14 per cent nickel, 0.62 per cent copper and 0.05 per cent cobalt from 397.2m downhole;
15.7m at 1.07 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt from 440.6m downhole; and
8.7m at 1.57 per cent nickel, 0.47 per cent copper and 0.07 per cent cobalt from 442.6m downhole.
“The Andover VC-07 East nickel-copper sulphide deposit continues to grow on multiple fronts,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.
“The ongoing resource definition program continues to deliver substantial mineralised intersections, including these latest results which are some of the highest-grade drill hits received to date.
“Importantly, the ongoing drill program continues to expand the deposit both along strike and closer to surface.
“VC-07 East is shaping up to be a significant nickel-copper sulphide deposit with consistent broad widths of mineralisation, including internal massive sulphide zones that host high grades of nickel and copper.
“We’re moving quickly to determine the size and economic value of the deposit by progressing both the maiden mineral resource and the development studies program towards publication next year.
“With the nickel price on a strong upwards trend, recently breaking through US$20,000/tonne, and the copper price near all-time highs, Andover’s timing is very opportune.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE