Skip to content
Business Company News, Oil Mining Resources

Azure Minerals drilling at WA based Andover Lithium Project intersects some of the best lithium drill intersections globally – stock up ~20%

Chapter One Advisors 2 mins read

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that drilling at the Company’s Andover Lithium Project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia, has intersected the thickest zones of lithium mineralisation to date – reflecting some of the best lithium drill intersections globally.

Commenting on the results, Azure Minerals’ Managing Director Tony Rovira said: “These broad, high-grade intercepts firmly entrench Andover amongst the best lithium exploration projects globally.

“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.”

HIGHLIGHTS

- Very broad zones of lithium mineralisation intersected in the AP0011 pegmatite:

• 209.4m @ 1.42% Li2O from 219.0m in ANRD00171 (~134.6m True Width), including:

o 126.2m @ 1.72% Li2O from 219.0m (~81.1m True Width) which includes: ❖ 56.1m @ 2.00% Li2O from 257.0m (~36.1m True Width); and

o 19.7m @ 1.54% Li2O from 401.6m (~12.7m True Width)

• 183.1m @ 1.25% Li2O from 170.5m in ANDD02282 (~123.3m True Width), including:

o 58.9m @ 1.46% Li2O from 170.5m (~39.7m True Width); and o 30.0m @ 1.55% Li2O from 284.0m (~20.2m True Width); and o 11.2m @ 1.85% Li2O from 332.9m (~7.5m True Width)

- Mineralisation now extends for more than 1,800m along strike and down-dip from surface to vertical depths in excess of 400m

- Mineralisation in AP0011 pegmatite remains open along strike to the west and is thickening down-dip

- Diamond drilling is expected to commence testing pegmatites AP0015, AP0016 and AP0017 in Target Area 2 within the next week

 


Contact details:

David Tasker
T: 0433 112 936
E: dtasker@chapteroneadvisors.com.au 

Media

More from this category

  • Industrial Relations, Oil Mining Resources
  • 25/10/2024
  • 16:00
Mining and Energy Union

MEDIA ADVISORY: Hundreds of mining and energy workers meeting in Brisbane from Monday

Over 400 mining and energy workers from across Australia will gather in Brisbane for the Mining and Energy Union’s quadrennial National Convention from Monday 28 to Thursday 31 October. It will be the first Convention held by the MEU as an independent Union. The Convention brings together workplace delegates from open cut and underground coal mines, metalliferous mines and railways, power stations and coal ports from around Australia. Topics to be discussed at Convention include: Safety trends including responses to recent mining fatalities Same Job Same Pay and workplace reforms Net Zero Economy Authority and supporting workers affected by transition…

  • Business Company News, Finance Investment
  • 25/10/2024
  • 13:43
Friday 25 October

IFM INVESTORS WELCOMES UK AND AUSTRALIAN GOVERNMENTS’ COMMITMENT TO ATTRACT PRIVATE CAPITAL FOR THE ENERGY TRANSITION

IFM Investors has welcomed announcements by the UK and Australian Governments that will further pave the way for pension and superannuation capital to be deployed to contribute to the energy transition in both countries. Earlier this month, IFM Investors in conjunction with some of the largest UK and Australian pension funds released a landmark blueprint: Mobilising pension capital for net zero: a policy blueprint for the UK. Collectively the signatories of the blueprint represent pension schemes that invest a combined £1.7 trillion (AUD 3.25trn) in the UK and abroad, including the retirement savings of more than thirty million British workers and…

  • Business Company News, Government QLD
  • 25/10/2024
  • 12:03
Sunshine Coast Council

New CEO appointed to Sunshine Coast Council

Sunshine Coast Council has selected dynamic, highly experienced leader John Baker as its new Chief Executive Officer. Sunshine Coast Mayor Rosanna Natoli said Mr…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.