- Azure Minerals (AZS) strikes “substantial widths” of spodumene-bearing pegmatites in the first two drill holes diamond at its Andover project in WA
- The first drill hole hit a 22-metre-wide pegmatite 187 metres downhole, while the second hole struck a 27-metre-wide pegmatite from 197 metres
- The company is now waiting on heritage clearances and environmental approvals before it can perform more drilling to determine the scale and depth of the potential lithium mineralisation in the area
- AZS says its highest-priority drill targets are pegmatite outcrops hosting visible spodumene with high lithium grades
- AZS shares are up 3.57 per cent and trading at 29 cents at 1:38 pm AEDT
Azure Minerals (AZS) has intersected “substantial widths” of spodumene-bearing pegmatites in the first two drill holes diamond at its Andover project in WA.
The first diamond drill hole hit a 22-metre-wide pegmatite from a 187-metre downhole depth, while the second drill hole was drilled to test up-dip extensions and intersected a 27-metre-wide pegmatite from 197.4 metres.
The holes targeted down-dip extensions of pegmatites that dipped shallowly to the north, and AZS said significant amounts of spodumene were observed within these pegmatite outcrops.
AZS said future drill holes would follow these intersections to define the orientation, continuity, and dimensions of the pegmatites.
“It’s highly encouraging that the first two holes of our lithium-focused drilling campaign successfully intersected substantial widths of pegmatite containing spodumene,” AZS Managing Director Tony Rovira said.
“This gives us an exciting start to the Andover lithium exploration story, confirming that the widespread, lithium-rich pegmatites observed at the surface extend to depth, providing significant volume potential.”
The company said it planned to perform excess drilling to determine the scale and depth potential of lithium mineralisation in other outcropping pegmatites across the project area following requisite heritage clearances and environmental approvals.
AZS owns 60 per cent of the Andover project in the West Pilbara region of Western Australia.
AZS shares are up 3.57 per cent and trading at 29 cents at 1:38 pm AEDT.