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Azure Minerals Hits Further High-Grades at Andover

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:

ANDD0061
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;

ANDD0046
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;

ANDD0047
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;

ANDD0063
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;

ANDD0057
15.7m at 1.07 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt from 440.6m downhole; and

ANDD0058
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

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals Continues Andover Results Run

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has acknowledged the arrival of 2021 with further massive, semi-massive and matrix sulphide mineralisation hits at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals declared that massive, semi-massive and matrix sulphide mineralisation was intersected by drill holes ANDD0005 and ANDD0006 at the Andover project (60% Azure / 40% Creasy Group).

The holes returned nickel and copper assays within broad mineralised envelopes, including:

ANDD0005
6.7 metres at 1.98 per cent nickel and 0.86 per cent copper from 325.3m within 10.7m at 1.69 per cent nickel and 0.71 per cent copper from 325.3m which is within 18.7m at 1.35 per cent nickel and 0.68 per cent copper from 325.3m; and

ANDD0006
3.8m at 1.59 per cent nickel and 0.83 per cent copper from 377.3m and 1.2m at 2.31 per cent nickel and 0.64 per cent copper from 392.7m and 7m at 2.23 per cent nickel and 0.63 per cent copper from 411.35m which is within 19.2m at 1.47 per cent nickel and 0.41 per cent copper from 406.35m.

Azure explained that hole ANDD0004, when combined with 0005 and 0006, define a vertical mineralised section exceeding 120m, with the nickel-copper mineralisation remaining open in both up-dip and down-dip directions, as well as along strike to the east and west.

Azure has completed seven diamond drill holes at the Andover project, all of which have intersected broad mineralised intervals containing substantial nickel-copper sulphide mineralisation.

To accelerate the exploration and development of Andover, Azure has initiated an intensive diamond drilling program comprising two consecutive 15,000m drilling campaigns with the first phase designed to delineate the extent of the mineralised system with the second phase defining the deposit to JORC mineral resource standards.

Additionally, based on FLTEM surveying, 12 separate electromagnetic conductor anomalies have been identified within the Andover project area.

Drilling to test the highest priority conductors is planned to commence early in the first quarter of 2021.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals Raises $37 to Advance Andover

THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) is in a healthy position following the receipt of commitments to raise $37 million to clients of Euroz Hartleys Securities Limited.

Azure Minerals received assurances from new and existing institutional and sophisticated investors to raise the funds via the issue of 50 million fully paid ordinary shares at an issue price of 74 cents per share.

The company has the funds earmarked to immediately plan and undertake accelerated exploration at the large VC-07 target at its Andover nickel-copper project in Western Australia.

Azure currently has one diamond drill rig operating at Andover and, with the exception of a short Christmas break, will continue drilling into 2021.

“We are very encouraged by the positive response to our fundraising and are now in the strong position of accelerating the exploration on our new projects,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“These projects tick all the boxes – right location, right commodities, right partner and delivering outstanding results.

“The first five holes drilled by us at Andover are nothing less than exceptional, with all intersecting substantial widths of nickel-copper sulphide mineralisation.

“We will immediately move to secure multiple drill rigs for the drill-out of the VC-07 target and to test the other 12 strong electromagnetic (EM) anomalies on the project.

“The funding also allows us the capacity to commence exploration on the Turner River gold project, which is along strike of De Grey Mining’s Hemi and other gold discoveries.

“We are looking to expedite the grant of the exploration licences and start work as soon as possible.”

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals Confirms High-Grade Nickel-Copper Sulphides at Andover

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed confirmation of high-grade nickel-copper sulphide mineralisation at the company’s Andover nickel-copper project (60% Azure / 40% Creasy Group) southeast of Karratha in Western Australia.

Azure Minerals made the claim based on assay results from its maiden drilling program at the project.

Azure Minerals’ first diamond drill hole at Andover, ANDD0001, intersected:

3.9 metres at 2.85 per cent nickel and 0.47 per cent copper from 94.5m in massive sulphides contained within a broader interval of:

22.4m at 1.02 per cent nickel and 0.55 per cent copper from 81.6m.

A second zone of massive and matrix sulphides within this hole intersected:

5m at 2.09 per cent nickel and 1.14 per cent copper from 116m, contained within a broader interval of:

11.3m at 1.21 per cent nickel and 0.66 per cent copper from 110m.

These zones are contained within an overall mineralised envelope of:

39.7m at 0.95 per cent nickel and 0.52 per cent copper from 81.6m.

The second diamond drill hole, ANDD0002, intersected:

4.6m at 2.41 per cent nickel and 0.48 per cent copper from 113m in semi-massive and matrix sulphides, contained within a broader interval of:

13.6m at 1.19 per cent nickel and 0.38 per cent copper from 104m

Assays for the third hole, ANDD0003, are pending.

The fourth drill hole, ANDD0004, which is testing an entirely new target zone defined by a strong electromagnetic conductor, is nearing completion.

“With assays confirming that the massive and semi-massive sulphides seen visually in the first two drill holes contain high-grades of nickel and copper, and with our third hole intersecting similar-looking sulphide mineralisation, the Andover nickel-copper project is swiftly confirming our confidence in its potential to host a substantial nickel-copper deposit,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“While we’re still at an early stage of our exploration, the intersection of good widths of nickel and copper sulphide mineralisation at shallow depths bodes well for further success and has encouraged us to drill test the electromagnetic conductors along strike and down-dip from our early holes.

“With additional drilling success, there is potential here for a sizeable nickel and copper deposit typical of other layered mafic-ultramafic-hosted nickel-copper deposits in Western Australia.”

 

 

Web: www.azureminerals.com.au

 

Azure Minerals Intersects Massive Nickel-Copper Sulphides with First Andover Hole

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) wasted no time recording nickel and copper sulphide mineralisation hits at the company’s recently acquired Andover project (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals announced mineralisation has been observed in core from the first drill hole ANDD0001 on the Andover project.

Drill hole ANDD0001 intersected 40.7 metres containing nickel and copper sulphide mineralisation within mafic-ultramafic intrusive rocks from a depth of 80.60m.

The hole intersected 4.0m of massive nickel-copper sulphide mineralisation at 94.5m depth.

The company declared that high-grade nickel mineralisation had been confirmed by pXRF and verified by Azure’s onsite geologist.

“This strongly mineralised nickel and copper sulphide intersection from our first drill hole is an outstanding result and a great start to our maiden drilling program at Andover,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Importantly, this mineralised intersection coincides with the interpreted position of the downhole EM (DHTEM) conductor, providing support that the conductors represent significant accumulations of sulphide mineralisation.

“The Andover project area does not appear to host sulphide-rich sediments, graphitic shales, conductive overburden or other characteristics that may generate false signatures for the EM surveys, and their absence is exciting given the size, depth and intensity of the conductors we have identified and are targeting.

“Due to excellent ground conditions and high drilling productivity, the second drill hole is already underway to test the down-dip extension of the ANDD0001 mineralisation.

“Drilling will continue through to the end of the year, with assay results for the first holes expected in late October to early November.

“Meanwhile the EM survey crew is mobilising to site and down hole surveying is expected to start in October.”

 

Web: www.azureminerals.com.au

 

Azure Minerals Drilling at Andover Nickel-Copper Project

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has commenced diamond drilling on the Andover nickel-copper project (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals began a multi-phase exploration campaign at Andover last month, comprising geophysical surveys and drilling that involves a FLTEM surveying over 10 separate target zones; an initial 12-hole, diamond core drilling program on defined targets; and downhole EM (DHEM) surveying of drill holes.

The diamond drilling has kicked off, with the first six holes focused on testing along strike and downdip extensions of semi-massive and disseminated sulphide-hosted high-grade nickel mineralisation that was intersected pre-Azure signing on at Target Locations 1 and 2.

Additional drill holes are planned to test several other, as yet undrilled, geophysical anomalies.

All drill holes will be surveyed by DHEM to identify off-hole conductors, which will be followed up by further drilling.

“We’re very pleased to get our first drilling program at Andover underway so quickly, in what is a target-rich environment for nickel and copper sulphide mineralisation,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Azure has hit the ground running with the initial six-week program of ground EM surveying now completed and our first drill program underway.

“The ground EM surveying has identified numerous electromagnetic conductors indicative of bedrock-hosted sulphide mineralisation and drilling of these new anomalies will be undertaken as a matter of high priority.

“Drilling will continue through to the end of the year, with first assay results expected later this month.”

 

Web: www.azureminerals.com.au

Azure Minerals Acquires Kookynie – Ulysses Gold Corridor Project

THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) continued to build its domestic portfolio with the acquisition of 100 per cent-ownership of the Barton gold project, a single Exploration Licence Application (ELA 40/393) in Western Australia from local company 30 Well Pty Ltd.

The Barton project is located near the historical gold mining town of Kookynie approximately 200 kilometres north of Kalgoorlie and 40km south of Leonora in the Eastern Goldfields.

The project covers just over 200 square kilometres of the Kookynie Gold District and adjoins several growing gold deposits / projects, including: Genesis Minerals’ Ulysses and Kookynie gold projects; Metalicity’s recent high-grade Kookynie gold discoveries; and Saturn Minerals’ Apollo Hill gold project.

“The Barton project is ideally situated within the Kookynie Gold District which is fast developing a reputation as a very exciting exploration and mine development area,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“This purchase adds to Azure’s growing portfolio of Western Australian projects which commenced with the recent acquisition of four gold and nickel projects from Mark Creasy and the Creasy Group.

“Building a portfolio of Western Australian projects has reduced Azure’s risk profile by diversifying across commodities and jurisdictions.

“This strategy has now given shareholders exposure to two of WA’s most exciting gold exploration areas – the Mallina district in the Pilbara and the reborn Kookynie district – as well as taking on Creasy’s nickel-copper discovery in the Andover layered mafic-ultramafic complex.

“Given recent exploration successes in the Kookynie district by other companies, Azure is confident that comprehensive and targeted exploration on the largely unexplored 200 square kilometres Barton landholding has good potential for the discovery of significant gold mineralisation.

“Meanwhile, we’re not neglecting our Mexican assets with target identification and drill planning finalised for the Alacrán silver-gold-copper project and drilling is expected in Q4 2020.”

 

Web: www.azureminerals.com.au

Azure Minerals Commences Exploration at Andover Nickel-Copper- Project

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has kicked off activity at the company’s recently acquired Andover nickel-copper project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

Azure Minerals said the work at the Andover project will build on work previously undertaken by its JV partner, the Creasy Group that had identified a target-rich environment for nickel and copper sulphide mineralisation.

Azure’s first exploration program at Andover is to comprise:

Ground electromagnetic surveys (FLTEM) to cover the two locations where previous drilling intersected significant quantities of nickel and copper sulphide mineralisation;
Additional FLTEM surveys to follow-up numerous other VTEM anomalies throughout the property;
Diamond core drilling program of 12 holes for approximately 3,000m;
Downhole EM (DHEM) surveying of the drill holes; and
Systematic geological mapping and sampling.

“Andover is a highly prospective nickel and copper project and we’re very excited to get on the ground and start our exploration program,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Mark Creasy and his team have provided strong foundations for a successful project and Azure is looking forward to building on this initial work.

“Since announcing this acquisition, our shareholders have expressed significant support for the project and our reasoning in coming back to Western Australia.

“I’m looking forward to advancing Andover and the continued development of our growth strategy.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.azureminerals.com.au

 

Azure Minerals Ready to Commence Drilling at Andover

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has commenced first stage exploration and geophysical works on the company’s recently acquired Andover nickel-copper project in the West Pilbara region of Western Australia.

Azure is purchasing – subject to shareholder approval – 60 per cent of the project with the remaining 40 per cent to be retained by vendor, the Creasy Group.

Azure has prioritised two target locations for its maiden drilling program to start this month that have been identified by work already completed by the vendor.

However, priority has been given to pre-drilling FLTEM surveys to be carried out over the two key target zones containing the earlier mineralised drill intersections.

The FLTEM surveying will utilise multiple off-set loops to increase three-dimensional definition of the conductor plates, increase the depth penetration to assess down-dip potential, and refine the drill hole targeting.

The first phase of Azure’s maiden drilling program is to comprises six diamond core holes.

Additional drilling is planned to follow-up positive results and to test new targets identified by the regional FLTEM surveys.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals Claims New Alacrán Copper Discovery

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed discovery of high-grade copper mineralisation at the company’s 100 per cent-owned Alacrán project in Sonora, Mexico.

Azure Minerals made the copper discovery at the Gregors prospect while other drilling intersected further gold mineralisation at Mina San Simon.

The Gregors prospect was originally spotted by Azure’s geologists in early 2016, after which an airborne VTEM geophysical survey was flown over the entire Alacrán project area, detecting a small and discrete, reasonably intense electromagnetic (EM) response.

No further exploration was undertaken over this anomaly until late in 2019, when Azure regained full ownership and control of the Alacrán project from former partner Teck Resources.

RC drilling intersected wide zones of breccia and strongly altered volcanic rocks containing visual quantities of disseminated chalcopyrite (copper sulphide) mineralisation.

Results included:

GGC-002
30 metres at 0.68 per cent copper from 22.5m, including 6m at 2.3 per cent copper; and

GGC-003
18m at 0.96 per cent copper from 21m, including 1.5m at 7.03 per cent copper.

The company considers the presence of strong copper mineralisation hosted by iron-rich breccia to be promising as numerous high-grade, copper-rich breccia pipes associated with nearby copper porphyry bodies have been discovered and mined in the Cananea mining district.

Azure is undertaking a detailed data review and interpretation plus initial mineralogical and metallurgical studies to assess potential and assist with planning a follow-up drill program.

“Our exploration team has a strong and successful history of discovering new deposits at Alacrán,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“With this discovery of the buried copper mineralisation at Gregors, we are continuing to identify high-value precious and base metals targets, reinforcing the prospectivity of this exciting project and the technical skills of our exploration team.

“The discovery of strong copper mineralisation hosted by iron-rich breccia at Gregors is very promising, as there is a history of discovering and exploiting high-grade, copper-rich breccia pipes in the surrounding Cananea mining district, particularly at the nearby Cananea copper mine located 10 kilometres to the northwest.

“I’m looking forward to completing our interpretation of the results and recommencing drilling as soon as practicable.”

The company also completed one RC hole (MDPC-168) to test at the historical Mina San Simon mine located about 700m southeast of the southern Loma Bonita resource boundary, an area that is mostly untested by drilling.

A hole drilled by Azure in 2015 (LM-02) intersected a void created by the old mine workings that had extracted the mineralised zone.

The company noted that MDPC-168 drilled below these old mine workings and returned a well-mineralised gold and silver intersection, hosted in vuggy and massive silica, of:

MDPC-168
21m at 2 grams per tonne gold and 64g/t silver from 19.5m.

The company indicated that further drilling to test the vuggy silica mineralised zone, which is interpreted to extend further to the east and south beneath the Cerro San Simon hill, will be undertaken in the next drill program.

 

 

Web: www.azureminerals.com.au