I think the market also overlooked lsdy week’s summary Ann by Azure AZS. That didn’t tell us a lot that was new for them but hinted at a what’s your come for ERW..
Chuck the release here and then the summary and extract I’ve added..
https://newswire.iguana2.com/af5f4d73c1a54a33/announcements/azs.asx/6A1135455/AZS_Announcement_6A1135455.pdf?download=1
summary…. Note over 5000 holes. More than 4000 (>80%) hit some sort of mineralisation. Geologically Andover West is same and only 2km away so odds are that Andover West will be similar except to Azures Andover and Ridgeline. It’s just a matter of time but we can see there is a lot more drilling to be done. But the 80% indicates we have a great chance of finding something at Holes A and C.
extract…
“”””The MRE was completed by CSA Global Pty Ltd (“CSA Global”) based on 58 Diamond Drill (DD) holes drilled between 2021 and 2022, for a total of 33,065.3m. All holes were assayed where they intersected mineralisation lodes, and for any internal waste and external lengths for several metres outside the lodes. This yielded 5,550 assay records, of which 4,313 intercepted mineralisation. Drillholes were nominally spaced 50m x 50m, typically oriented within 020° of orthogonal to the interpreted dip and strike of mineralisation. However, several holes were drilled at less optimal azimuths due to site access constraints or to test for alternative mineralisation orientations. No relationships between hole angles and grade or true thickness of the mineralisation were established.
“”””””Geology and Geological InterpretationThe mineralisation at the Ridgeline Deposit (See Figure 2) is hosted within the same mineralising intrusion that formed the Andover Deposit. The mineralising intrusion comprises a fractionated, low MgO, taxitic and massive **bro, with websterite xenoliths present locally. It is hosted between two units of porphyritic **bro, with fine to medium grained leucogabbro present in the hanging wall, and a distinct coarser grained porphyritic **bro forming the footwall. The taxitic **bro hosts high nickel tenor disseminated to blebby sulphides with the proportion of sulphide increasing toward the matrix and semi-massive sulphides constituting the higher- grade portions of the deposit. The nickel, copper and cobalt sulphide mineralisation at Ridgeline is present on both the foot wall (West and East shoots) and hanging wall (North shoot) contacts of the mineralising intrusion. Small ultramafic clasts have been observed within the massive and semi-massive sulphide mineralisation. The nickel tenor of the sulphides within taxitic **bro and massive sulphide accumulations are similar throughout the Ridgeline Deposit. Higher grade copper mineralisation is constrained to the mineralised horizon though is not coincident with the highest nickel grades. Higher copper grades correspond with bands of chalcopyrite distributed within the massive sulphides as well as chalcopyrite-rich veins and stringers at the base of the thickest accumulation of massive sulphides.””””
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