Posts

Azure Minerals Delivers Maiden Resource for Ridgeline Nickel Deposit

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) managing director Tony Rovira will be ready to speak to all comers at the RIU Explorers Conference next week.

Azure Minerals has delivered the maiden Mineral Resource Estimate (MRE) for the Ridgeline deposit, the second MRE to be defined on the company’s Andover nickel project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

The Ridgeline deposit estimate contains 1.3 million tonnes at 1.11 per cent nickel, 0.46 per cent copper and 0.05 per cent cobalt for 14,700 tonnes of contained nickel, 6,100 tonnes of contained copper and 640 tonnes of contained cobalt.

The new Ridgeline estimate combines with the already released Andover deposit to take Global Mineral Resources for the project to 6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 66,400t of contained nickel, 27,800t of contained copper and 3,100t of contained cobalt.

“I am pleased to present the Ridgeline Mineral Resource Estimate which is a great result and demonstrates that there continues to be excellent potential to significantly expand the resource base of the Andover nickel project through ongoing exploration success,” Rovira said in the company’s ASX announcement.

“With the final and deepest drill hole at Ridgeline returning the best mineralised intersection to date (14.5m at 2.26% Nickel – ASX: 23 November 2022), I am confident that we can grow this resource even further.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Azure Minerals Encounters Further Strong Ridgeline Nickel Mineralisation

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported high-grade assay results from the Ridgeline nickel-copper-cobalt sulphide deposit within the company’s Andover Project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

Azure Minerals has completed 61 diamond core holes in Mineral Resource definition drilling at the Ridgeline deposit that encountered high-grade shoots of massive and semi-massive sulphides hosted within broad halos of lower grade disseminated sulphide mineralisation.

Results from the latest batch of assays include:

ANDD0172
31.8m at 1.41 per cent nickel, 0.88 per cent copper and 0.06 per cent cobalt from 434.1m, including 12.1m at 1.77 per cent nickel, 1.21 per cent copper and 0.08 per cent cobalt from 434.1m and: 15.3m at 1.4 per cent nickel, 0.8 per cent copper and 0.06 per cent cobalt from 450.6m;

ANDD0176
19.3m at 1.44 per cent nickel, 0.4 per cent copper and 0.06 per cent cobalt from 444.2m, including 6.2m at 1.68 per cent nickel, 0.45 per cent copper and 0.08 per cent cobalt from 444.2m and 7.6m at 2.16 per cent nickel, 0.59 per cent copper and 0.09 per cent cobalt from 455.9m; and

ANDD0168
27.7m at 1.04 per cent nickel, 0.43 per cent copper and 0.04 per cent cobalt from 478.3m, including 4.9m at 1.47 per cent nickel, 0.65 per cent copper and 0.06 per cent cobalt from 478.3m and 4.5m at 1.85 per cent nickel, 0.49 per cent copper and 0.08 per cent cobalt from 492m and 5m at 1.73 per cent nickel, 0.53 per cent copper and 0.07 per cent cobalt from 501m;

“The Ridgeline nickel-copper-cobalt deposit continues to grow in size and scale with another round of extremely positive drill results adding significantly to the known mineralised zones,” Azure Minerals managing director Tony Rovira said in the company’s AX announcement.

“The steeply plunging strongly mineralised shoots demonstrate significant vertical extent and still remain open up and down plunge.

“The central cores of these shoots are characterised by zones of high grade semi-massive to massive nickel and copper sulphides surrounded by a broad halo of disseminated sulphide mineralisation.

“We now have sufficient drill density for geological modelling of the deposit and to complete a Mineral Resource Estimate.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.azureminerals.com.au

 

Azure Minerals Scores High-Grade Lithium at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported further high-grade lithium assay results from the pegmatite exploration program currently underway on the company’s Andover project in the West Pilbara region of Western Australia.

Assay results from an additional 60 whole rock geochemical samples have been received with many returning high-grades of lithium hosted in spodumene, including:

APRK00037 3.32 per cent lithium dioxide (Li2O);
APRK00046 2.65 per cent Li2O;
APRK00050 1.31 per cent Li2O;
APRK00051 1.19 per cent Li2O;
APRK00049 1.13 per cent Li2O; and
APRK00086 1.13 per cent Li2.

“It’s pleasing to report that our lithium-focused exploration program at Andover continues to deliver very significant results,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“The latest batch of assays returned high grades of lithium up to 3.32 per cent Li2O, which is the highest lithium grade reported to date.

“Encouragingly, our geological mapping is identifying the presence of the preferred lithium-bearing mineral, spodumene, in many of the outcropping pegmatites.

“We’re planning for the first drilling program to target the pegmatites and will commence as soon as we have received the necessary approvals.

“The lithium exploration continues in parallel with our nickel-copper-cobalt exploration where drilling is currently in progress on the Seaview and Pipeline prospects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.azureminerals.com.au

 

 

Azure Minerals to Sell Mexican Assets for $20 million

/in , /by

THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) is about to be much richer to the tune of $20 million having entered binding, conditional sale agreements to sell its subsidiary companies that own and operate the company’s Mexican precious and base metals projects to Bendito Resources Inc.

On completion of the deal Azure will bank $10 cash and hold the same amount’s worth of equity in Bendito, which intends listing on the Toronto Stock Exchange within 18 months of completion of the transaction with the Alacrán, Oposura and Promontorio projects forming the company’s core assets.

Alacrán, Oposura and Promontorio are located within the Laramide Copper Province, North America’s most prolific copper-producing district.

“This is a great outcome for Azure and our shareholders,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“We have realised a significant cash return for the assets while retaining exposure to the upside as the projects are further developed.

“We still see potential in these high-quality, advanced-stage projects and it makes sense for them to sit within a dedicated special purpose group focused solely on Mexico, which can take them through development funded by the North American capital markets.

“The team behind Bendito have a successful track record of identifying, acquiring, developing and operating projects, so retaining exposure to these assets that we know so well should be both exciting and rewarding for Azure shareholders.

“With these extra funds, we will accelerate activities on our Andover nickel-copper project in WA which is proving to be a company-maker for Azure as we progress along the dual pathways of growing the mineral resources and advancing the development studies.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals Encounters Early Gold Hits at Barton

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has encountered healthy gold results from exploration drilling carried out at the Daisy Corner prospect within the company’s 100 per cent-owned Barton project in the Eastern Goldfields region of Western Australia.

Daisy Corner is in the Kookynie Gold District just 300 metres north of Genesis Minerals’ Puzzle North gold deposit.

Azure’s first drilling program on the Barton project comprised 21 Reverse Circulation (RC) holes targeting northern mineralised extensions of the Puzzle North gold deposit and tested 800m of the prospective granite-greenstone contact to the northwest of the Azure-Genesis tenement boundary.

Azure has interpreted the assays it has received to indicate the mineralised system identified at Puzzle North continues into Azure’s tenement with gold mineralisation intersected in most holes.

Results include:

BTRC0002
4 metres at 0.68 grams per tonne gold from 31m downhole;

BTRC0009
10m at 0.44g/t gold from 55m downhole;

BTRC0010
10m at 0.52g/t gold from 39m downhole, including 1m at 3.98g/t gold from 46m downhole and 8m at 0.59g/t gold from 127m downhole;

BTRC0014
5m at 0.92g/t gold from 1m downhole, including 1m at 3.44g/t gold from 42m downhole and 3m at 0.63g/t gold from 54m downhole; and

BTRC0020
20m at 0.43g/t gold from 17m downhole.

“Given the early exploration stage of the Barton project we’re encouraged to have intersected widespread gold mineralisation in our first drilling program,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Surface exploration is continuing, with geophysical surveys and more drilling to be undertaken over the course of this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

Azure Minerals Delivers Maiden Mineral Resource for Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) released the long-awaited maiden Mineral Resource Estimate (MRE) for the Andover deposit, the first prospect drilled in the company’s Andover nickel-copper-cobalt project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

The Andover deposit is estimated to contain 4.6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 51,700 tonnes of contained nickel, 21,700 tonnes of contained copper and 2,290 tonnes of contained cobalt at a cut-off grade of 0.5 per cent nickel (JORC 2012).

This includes a high-grade resource component of 2 million tonnes at 1.41 per cent nickel, 0.49 per cent copper and 0.06 per cent cobalt at a cut-off grade of 0.9 per cent nickel.

Azure described the estimate as being, “a robust resource with over 80 per cent of the Mineral Resource Estimate tonnes classified in the Indicated category”.

“I’m very pleased to present this maiden Mineral Resource for the Andover deposit, thereby achieving a key milestone in advancing the overall Andover project,” Azure Minerals managing director Tony Rovira said.

“This highlights the extraordinary potential that we have always recognised within the project and is just the beginning of a very exciting journey.

“The exploration team have excelled to have delivered the first resource only 18 months after starting exploration, while also discovering and now drilling significant nickel and copper sulphide mineralisation at several other prospects within the project area.”

Azure anticipates additional mineral resources will be defined at proximal prospects, including:

Ridgeway that has returned intersections of 6.3m at 3.59 per cent nickel, 4.9m at 3.5 per cent nickel, and 4.5m at 3.95 per cent nickel;

Seaview that has returned an intersection of 7m at 1.35 per cent Ni; and

Skyline, from which results are pending.

“With these plus other excellent targets like Atrium and Woodbrook that have yet to be drilled, I’m confident this is only the start of mineral resource definition at the Andover project,” Rovira said.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

Azure Minerals Drilling Results Prepare for Andover MRE

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported assay results from the final 14 drill holes of the mineral resource drill-out of the Andover nickel-copper sulphide deposit on the company’s Andover project (60% Azure/40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals has sent all the finalised results from the drilling to its consultants that are completing the maiden Mineral Resource Estimate (MRE) for Andover, which is expected to be released in late March 2022.

Latest results included:

ANDD0112
3.7m at 2.73 per cent nickel, 0.42 per cent copper and 0.12 per cent cobalt from 258.1m downhole; and

ANDD0116
17.9m at 1.57 per cent nickel, 0.79 per cent copper and 0.08 per cent cobalt from 266.8m downhole, including 4.5m at 2.42 per cent nickel, 0.59 per cent copper and 0.11 per cent cobalt from 266.8m downhole; and 3.9m at 2.04 per cent nickel, 0.52 per cent copper and 0.11 per cent cobalt from 277.8m downhole.

“Azure is very pleased with results from the recent drilling, with infill drilling of the deposit confirming excellent continuity of mineralised widths and grades and extensional drilling indicating the mineralisation remains open for further expansion to the east, west and at depth,” the company said in its ASX announcement.

Azure indicated it would now shift its focus to exploring other targets where nickel-copper sulphide mineralisation has already been drilled, such as the Ridgeline, Seaview (formerly VC-23) and Skyline prospects.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals Makes New Mineralised Zone Discovery at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed a new discovery at the company’s Andover project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

Azure Minerals announced its ongoing diamond drilling program has discovered a new zone of nickel-copper sulphide mineralisation at the Skyline prospect located approximately 300m to the west of the VC-23 prospect.

The drilling also intersected substantial massive nickel and copper sulphide mineralisation in the VC-07 West mineralised system.

To date, 133 diamond drill holes have been completed on the Andover project, with 102 holes drilled at VC-07 East, 20 holes at VC-07 West, 8 holes at VC-23 and 3 holes at Skyline.

The first three Skyline drill holes intersect nickel and copper sulphide-rich mineralisation coincident with electromagnetic (EM) conductors, encountering:

ANDD0129
7.4 metres of disseminated nickel-copper sulphides from 55.5m;
6.4m of disseminated nickel-copper sulphides from 64.2m; and
6.7m of disseminated nickel-copper sulphides from 81.4m

ANDD0131
2.9m of disseminated nickel-copper sulphides from 70m; and
1.8m of disseminated nickel-copper sulphides from 73.8m

ANDD0132
2.6m of disseminated nickel-copper sulphides from 106.8m; and
13.7m of blebby and disseminated nickel-copper sulphides from 115.2m.

“We’re very pleased that our regional exploration drilling has got off to such a great start with a new nickel-copper sulphide discovery made at the Skyline prospect,” Andover Minerals managing director Tony Rovira said in the company’s ASX announcement.

“The first three holes all intersected nickel-copper sulphide mineralisation coinciding with EM conductors, confirming that on the Andover project, electrical conductance continues to be associated with sulphide mineralisation.

“Meanwhile our drilling continues to intersect substantial nickel-copper sulphide mineralisation within the VC-07 mineralised corridor, with the latest massive sulphide intersections at VC-07 West also coinciding with electromagnetic conductors.

“With multiple mineralised drill hits and extensions of the EM conductors that have yet to be drilled, VC-07 West looks promising for hosting significant nickel-copper sulphide mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Azure Minerals and Andover Continue Drilling Triumphs

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported completion of the latest drilling at the company’s Andover project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

Azure Minerals completed a mineral resource drill-out of the VC-07 East nickel-copper sulphide deposit, achieving results including:

ANDD0078 (near-surface)
2.8m at 2.23 per cent nickel, 0.31 per cent copper and 0.1 per cent cobalt from 49.1m downhole;

ANDD0079 (upper western side extensional)
7.1m at 2.16 per cent nickel, 0.74 per cent copper and 0.1 per cent cobalt from 305.1m downhole; and

ANDD0083 (upper western side extensional)
6.5m at 2.28 per cent nickel, 0.55 per cent copper and 0.1 per cent cobalt from 318.3m downhole.

Azure indicated the resource drill-out at VC07 East has now been completed and a maiden Mineral Resource Estimate is expected to be delivered in the first quarter of 2022.

Drilling has moved to now focus on the VC-07 West mineralised zone, where three rigs are following up intersections of high-grade nickel-copper sulphide mineralisation and associated electromagnetic plates drilled by Azure earlier this year.

This drill program will also be testing several geophysical targets identified by the company’s earlier regional exploration program, including VC-23, VC-18 and VC-41.

“In the year since we arrived at the Andover project, our exploration team has identified and drilled numerous zones containing substantial nickel and copper sulphide mineralisation, which points to Andover being a significant nickel district,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“From the initial identification of the kilometre-long VC-07 mineralised corridor, we’ve now completed drilling out the VC-07 East deposit and the estimation of Andover’s maiden mineral resource is underway.

“From here, we move on to defining the VC-07 West mineralised body, where our earlier drilling intersected multiple sulphide-rich zones containing high grades of nickel and copper and shortly we’ll also start drilling on some of the regional electromagnetic anomalies, such as the high-priority targets at VC-23 and VC-18.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

Azure Minerals Metallurgical Testwork Produces Pleasing Nickel-Copper Concentrates

/in , /by

THE DRILL SERGENT: Azure Minerals (ASX: AZS) reported pleasing results from initial metallurgical testwork of nickel and copper sulphide ore from the company’s Andover project (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals commissioned a metallurgical testwork program focused on developing an economic processing flowsheet for ore from the VC-07 East nuckel-copper deposit by producing saleable nickel and copper sulphide concentrates in either separate or combined form.

Stage 1 of the metallurgical testwork program comprised both sulphide flotation and comminution (crushing and grinding) testwork.

The program achieved excellent recoveries and to produce high-grade nickel-cobalt and copper concentrates, with low levels of deleterious elements.

Additionally, an internationally marketable bulk concentrate was also produced.

“These very positive results from the Stage 1 testwork program indicate that we will be able to produce high quality, high grade, clean concentrates with excellent recoveries and I am confident that further optimisation studies will continue to deliver additional improvements,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Metallurgical factors and results play a critical role in evaluating project viability, and to have produced marketable nickel and copper concentrates using a relatively simple and robust industry-standard flow sheet, at such an early stage, bodes well for the project as we move through the development studies process.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au