Posts

Azure Minerals Hits 209m High-Grade Lithium Intersection at Andover

/in , /by

THE DRILL SERGEANT: Try getting anywhere near Azure Minerals (ASX: AZS) managing director Tony Rovira at Diggers & Dealers next week after the company’s announcement this morning of recent drilling activities at its Andover lithium project (Azure 60% / Creasy Group 40%) in the West Pilbara region of Western Australia.

Azure Minerals reported an encounter with the thickest zones of lithium mineralisation to date – reflecting some of what it claims to be “the best lithium drill intersections globally”.

Azure hit very broad zones of lithium mineralisation from two holes drilled in the project’s AP0011 pegmatite:

ANRD0017
209.4 metres at 1.42 per cent lithium oxide (Li2O) from 219.0m (~134.6m True Width), including 126.2m at 1.72 per cent Li2O from 219.0m (~81.1m True Width) which includes 56.1m at 2 per cent Li2O from 257m (~36.1m True Width) and 19.7m at 1.54 per cent Li2O from 401.6m (~12.7m True Width); and

ANDD0228
183.1m at 1.25 per cent Li2O from 170.5m (~123.3m True Width), including 58.9m at 1.46 per cent Li2O from 170.5m (~39.7m True Width) and 30m at 1.55 per cent Li2O from 284m (~20.2m True Width) and 11.2m at 1.85 per cent Li2O from 332.9m (~7.5m True Width).

“These broad, high-grade intercepts firmly entrench Andover amongst the best lithium exploration projects globally,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Encouragingly, the results suggest the mineralisation remains open along strike and to depth, providing Azure with the potential to produce similar, if not better, lithium intersections of such scale and tenor in future drilling.

“The Andover project is an exceptional discovery given the abundance of outcropping mineralised pegmatites and substantial widths of high-grade mineralisation intersected in the drilling.

“With multiple drill rigs on site testing the numerous pegmatite zones, we are only beginning to realise the full scale of the project’s potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Encounters More Broad Lithium Intersections at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced encounters with two further broad intersections of lithium mineralisation at the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals told the market recent drilling has confirmed broad mineralised zones extend for more than 1,200 metres along strike and down-dip from surface to vertical depths over 350m.

Mineralisation remains open along strike and at depth with the company continuing drilling activities to test along the northeastern and southwestern extensions of previously identified pegmatites.

Broad zones of lithium mineralisation were intersected in AP0011 pegmatite, including:

ANDD0223
101.3 metres at 1.21 per cent lithium oxide (Li2O) from 264.7m in (approx.95.5m True Width), including 64.1m at 1.63 per cent Li2O from 284.8m (approx.60.4m True Width); and

ANDD0221
100.2m at 1.24 per cent Li2O from 101.5m in (approx.92m True Width), including 28m at 1.86 per cent Li2O from 126.9m (approx.26m True Width), and 31.7m at 1.44 per cent Li2O from 170m (approx.29m True Width)

Another hole drilled near-surface mineralisation in the AP0012 pegmatite, returning:

ANDD0220
39.5m at 1.06 per cent Li2O from 2m (approx.33.6m True Width), including 9.9m at 1.7 per cent Li2O from 22m (approx.8.4m True Width)

Additional mineralised intersections included:

ANDD0224
13.6m at 1.12 per cent Li2O from 153.7m and 41.2m at 0.9 per cent Li2O from 177.4m; and

ANDD0225
32m at 1.5 per cent Li2O from 150.7m in, including 10.6m at 2.34 per cent Li2O from 160.2m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Encounters More Broad High-Grade Lithium at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has continued its run of high-grade lithium mineralisation hits from the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals reported recent drilling activities encountered broad zones of lithium mineralisation, which the company declared to demonstrate continuity over 1,000 metres of strike extent and from surface to over 350m down-dip.

Mineralisation is open along strike and down-dip where Azure currently has five drill rigs undertaking both extensional and in-fill drilling along the project’s AP0011 / AP0012 / AP0014 pegmatite corridor.

Latest drilling results received include intersections of:

ANDD0214
90.2 metres at 1.23 per cent lithium oxide (Li2O) from 172.1m, including 8.1m at 1.91 per cent Li2O from 172.1m, and 25.8m at 1.53 per cent Li2O from 210.4m, and 7m at 1.58 per cent Li2O from 250.5m; and

ANDD0210
63.7m at 1.15 per cent Li2O from 218.8m, including 34.7m at 1.59 per cent Li2O from 220.2m, which includes 8m at 2.65 per cent Li2O from 220.2m, and 7.8m at 2 per cent Li2O from 235m.

“It’s very pleasing to confirm that as we step out our broad-spaced drilling along strike and down-dip, we’re continuing to intersect substantial widths of high-grade lithium mineralisation,”

“The 50 metres to plus-100 metres mineralised widths confirm that the AP0011 / AP0012 pegmatite corridor, which extends over a strike length of more than two kilometres, has potential to host sizable volumes of lithium mineralisation.

“Our confidence that Andover has the potential to host lithium resources of world-class scale continues to grow, particularly as we consider the abundance of pegmatites within the overall project area that have demonstrated similar high-grade lithium mineralisation at surface that are yet to be drilled.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Azure Minerals Encounters Further Broad High-Grade Lithium Intersections at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported further broad intersections of high-grade lithium mineralisation from diamond drilling undertaken at the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals’ rlatest drilling efforts produced broadest mineralised intersections of:

ANDD0215
112.4 metres at 1.05 per cent lithium oxide (Li2O) from 263.3m, including 30.3m at 1.18 per cent Li2O from 263.3m, including 13.5m at 1.55 per cent Li2O from 280.1m and 59m at 1.24 per cent Li2O from 316.7m, including 10.1m at 1.7 per cent Li2O from 330.4m and 16.5m at 1.57 per cent Li2O from 353.5m; and

ANDD0210
52.5m at 1.36 per cent Li2O from 14.1m, including 28.3m at 1.83 per cent Li2O from 14.8m, including 3.6m at 3.21 per cent Li2O from 14.8m.

Azure Minerals said its latest drilling had confirmed lithium mineralisation extends from pegmatite outcrops down-dip for more than 350 metres.

A broad, high-grade, lithium-rich pegmatite has been confirmed over 400m length with drilling extending mineralisation further to the west with large step-outs.

“As our drill holes step out to the west, we’re encountering very broad widths of mineralised pegmatites containing high grades of lithium,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“It’s also pleasing that these latest assay results correlate closely with the presence of spodumene, supporting the company’s exploration model and allowing us to accurately plan and execute our drilling in advance of receiving assays.

“Given the substantial widths and strike lengths of individual pegmatites, and the overall scale of the Andover pegmatite swarm with hundreds of outcropping pegmatites, we’re confident that our project has the potential to host lithium resources of world-class scale.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Welcomes $20M Investment from SQM

/in , /by

THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) has welcomed a new $20 million cornerstone investor to the company register.

Azure Minerals announced the investment by global lithium company Sociedad Química y Minera de Chile S.A., via its wholly-owned subsidiary SQM Australia to acquire a 19.99 per cent interest in Azure in a two-stage transaction.

Azure declared the investment by SQM as a strong endorsement of the lithium potential of the company’s Andover project (60% Azure / 40% Creasy Group) while highlighting the upside potential for Andover.

Having SQM on board in the form if its funding and technical expertise provides essential support to Azure as it looks to accelerate its lithium exploration and development program.

Needless to say, Azure is now well-funded to progress the Andover project.

“Azure is using the funds raised under the transaction to undertake an accelerated growth strategy to advance the company’s multi-commodity opportunity on the Andover project,” Azure Minerals said in its ASX announcement.

“Lithium exploration is being fast-tracked with substantial diamond and Reverse Circulation drilling being carried out to determine the scale of the high-grade lithium mineralisation already mapped and sampled at surface.

“Nickel exploration and mine development studies on the Andover and Ridgeline deposits will also continue through 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals in Lithium Charge at RIU Explorers

/in , /by

THE CONFERENCE CALLER: Azure Minerals (ASX: AZS) managing director Tony Rovira says the first lithium drill result from the polymetallic Andover project this week is very significant.

The company reported a mineralised pegmatite intersection, on the eve of the 2023 RIU Explorers Conference, of 7.2 metres at 1.51 per cent lithium oxide (Li2O), including a high-grade zone of 1.87 per cent Li2O over 3.1m.

The drill hole had been testing a nickel target at Andover, which has a resource containing 97,300 tonnes of combined contained nickel, copper and cobalt.

Rovira told Resources Roadhouse, from Azure’s booth at the conference, that there were “literally hundreds of outcropping pegmatites throughout the Andover project”, with rock chip samples returning up to nearly 5 per cent lithium oxide.

“So, the indications are that the pegmatites swarm at Andover has not only high-grade potential, but also has volume potential with so many pegmatites being present there,” he said.

“It’s early days…that was a hole that was actually targeting a nickel target.

“The lithium-focused exploration drilling will get underway in the next week or two.”

 

READ MORE HERE

 

All Indicators Point to a Big First Day at RIU Explorers 2023

/in , /by

THE CONFERENCE CALLER: The competition for delegate attention is already heating up on the eve of the RIU Explorers Conference with presenting companies releasing eye catching announcements.

 

Alto Metals (ASX: AME) reported RC drilling at the historic high-grade Oroya Mine, located within the company’s 100 per cent-owned Sandstone gold project intersected high-grade gold mineralisation beyond the boundaries of historical workings.

The wide-spaced step out drilling confirmed Alto’s current geological model as it targets extensions of the Sandstone Main reef and unmined mineralisation to the north-west beyond the north end of the pit, along with extensions down dip to the west.

READ MORE HERE

 

Medallion Metals (ASX: MM8) reported further expansion of the JORC 2012 Mineral Resource Estimate (MRE) at the company’s Ravensthorpe gold project in Western Australia.

The expanded MRE at Ravensthorpe now totals 19.5 million tonnes at 2.1 grams per tonne gold and 0.3 per cent copper for 1.3 million ounces of gold and 59,000 tonnes of contained copper metal.

There are 790,000 ounces (61%) of the gold and 36,000 tonnes of the copper (60%) metal estimated in the her confidence Indicated category, the remainder is in Inferred.

READ MORE HERE

 

Azure Minerals (ASX: AZS) intersected lithium-bearing pegmatites while drilling diamond holes in late 2022, testing nickel targets on its Andover project in WA.

Azure drilled ANDD0199 to test a nickel target near the an airborne electromagnetic (VTEM) anomaly, which at a downhole depth of 313.9 metres returned a strong lithium intersection of 1.51 per cent lithium oxide (Li2O) over 7.2m, including an internal high-grade zone of 1.87 per cent Li2O over 3.1m.

Azure interpreted this result to be further evidence of the mineral endowment of Andover as a battery metals project hosting nickel, copper, cobalt and now lithium.

READ MORE HERE

 

Encounter Resources (ASX: ENR) declared confirmation of lithium and other critical minerals bearing LCT pegmatites at the Crawford target part of the company’s Junction lithium project in the Northern Territory.

“The first on-ground activities completed have identified a trend of lithium and critical minerals bearing LCT pegmatites,” Encounter Resources managing director Will Robinson said.

“Crawford is a new critical minerals occurrence in the North Arunta and is located approx. five kilometres east of Core Lithium’s Ringing Rocks prospect which further serves to highlight the potential of the broader Junction region.”

READ MORE HERE

 

Dreadnought Resources (ASX: DRE) announced an Exploration Target for the approx. 40kms strike of the Yin Ironstone Complex within the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of WA.

The Exploration Target follows Dreadnought’s recent expansion of the Yin Ironstone Complex to 43kms of strike, combined with extensive geological knowledge of the REE ironstones in the region has provided the foundation for the Exploration Target.

The Exploration Target covers over 40kms of the near surface ironstones at Yin and importantly, excludes the current Yin Resource, any mineralisation at depth (underground potential) and the C1-C7 carbonatites.

READ MORE HERE

 

Black Cat Syndicate (ASX: BC8) updated the JORC 2012 Mineral Resource at Paulsens Underground, part of the company’s 100 per cent-owned Paulsens Gold Operation in WA.

Black Cat has increased the total gold Resources at the Paulsens Gold Operation by 73 per cent to 401,000 ounces at 3.3g/t gold.

Total Measured and Indicated Resources increased 65 per cent to 163,000 ounces at 8g/t gold.

“To triple the underground Resource after only two months of drilling is a sensational start to our growth and mining ambitions at Paulsens,” Black Cat Syndicate managing director Gareth Solly said.

“We see huge upside in the near mine area as well as potential repeat targets and the greater region.”

READ MORE HERE

 

De Grey Mining (ASX: DEG) has identified a new structurally controlled gold zone at the Withnell gold deposit, within the company’s Mallina gold project in the Pilbara.

De Grey reported drilling results from Withnell South it said provides opportunity to increase shallow, open pit resources.

Multiple new lodes were defined over 800m of strike and 200m vertical depth remaining open to the east and at depth.

The company believes these demonstrate the potential to increase the resource base and future production from its existing, structurally hosted, regional deposits.

READ MORE HERE

 

Caspin Resources (ASX: CPN) reported on final drilling, rock chip and soil geochemistry results from recent programs at the company’s Mount Squires project in WA.

There recent activity identified a two kilometres long gold in soil anomaly on the Handpump Fault, known as the Regal prospect, which is the largest and strongest gold geochemical anomaly Caspin has defined at the project to date.

This is surrounded by several other smaller gold anomalies.

Further gold and molybdenum results were achieved from aircore drilling at the Duchess prospect where deeper RC drill testing is to be carried out in 2023.

READ MORE HERE

 

 

Azure Minerals Reports Consistent High-Grade Lithium Results at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) released further high-grade lithium results from the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals reported its ongoing lithium-focused, pegmatite sampling exploration program across the Andover project has returned very high=grades of lithium, up to a maximum value of 4.87 per cent lithium oxide (Li2O).

A recent crop of 109 samples produced 20 samples grading over 3.5 per cent Li2O.

“We are extremely excited by these latest results which highlight the huge potential of the Andover project to host substantial lithium resources,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“It is particularly pleasing to see these types of results given the recent announcement that global mining and chemical company SQM would invest $20 million to take a 19.99 per cent stake in Azure, which is not only an endorsement of our strategy and the prospectivity of our projects, but also gives us the financial firepower to aggressively tackle this opportunity.

“Several hundred pegmatite bodies remain to be sampled and mapped within the project area, and this work will continue in parallel with upcoming diamond and RC drilling programs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE