AZS 0.00% $3.69 azure minerals limited

When there is a discussion with differing views it is best to...

  1. 5,288 Posts.
    lightbulb Created with Sketch. 2154
    When there is a discussion with differing views it is best to check the facts.

    The following paragraphs are from the 29/7/22 activities report - see page 9. It is clear they have not drilled Atrium but will be shortly (see paras 1 and 3 below.). As for Woodbrook, it is clear it is still a target (see paragraph 1 below) with visible mineralisation but a drill date is yet to be forthcoming. They are only drilling a few of their many targets at a time (they do have a lot) and have prioritised Atrium and pipeline before Woodbrook. Paragraph 1 below tells me Woodbrook has not yet been drilled.

    ”While exploring the SMC to the east of the Andover deposit, Azure’s exploration team discovered outcropping gossans at Atrium, Woodbrook, Skyline and Seaview and several other locations, some with visible copper mineralisation. Even though these gossans outcrop prominently at surface, they are mostly undisturbed, indicating that they have not been identified and tested by previous explorers.

    Following heritage approvals, access tracks and drill sites have been prepared at several locations, and drilling will start testing these targets when the resource definition drilling at Ridgeline has been completed.

    Drilling continues to focus on extending and defining the Ridgeline deposit, to support the production of a Mineral Resource Estimate.

    Following completion of the Ridgeline drill-out, drilling will recommence at other known occurrences of Ni-Cu-Co sulphide mineralisation at Seaview and Skyline and follow up anomalism at Atrium and Pipeline.

    Meanwhile, field work continues to generate and refine additional exploration targets. Project- wide geological mapping and rock chip sampling programs and surface electromagnetic surveys are in full swing, focused on better defining the SMC between Andover and Seaview and reconnaissance exploration to better define this prospective horizon further to the northeast.”
 
watchlist Created with Sketch. Add AZS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.