Azure Minerals Limited (ASX: AZS) ('Azure' or 'the Company') is pleased to confirm that massive, semimassive and matrix sulphide mineralisation intersected in drill holes ANDD0005 and ANDD0006 at the Andover Ni-Cu Project (60% Azure / 40% Creasy Group) returned significant nickel and copper assays within broad mineralised envelopes.

Holes ANDD0004, 0005 and 0006 combine to define a vertical mineralised section exceeding 120m, with the nickel-copper mineralisation remaining open in both up-dip and down-dip directions, as well as alongstrike to the east and west.

OVERVIEW

Azure has completed seven diamond drill holes for a total of 2,720m at the Andover Ni-Cu Project. Importantly, all seven holes have intersected broad mineralised intervals containing substantial nickelcopper sulphide mineralisation. In every hole massive sulphide zones coincide with strong electromagnetic conductors detected by surface fixed-loop electromagnetic (FLTEM) surveys and subsequently confirmed by down-hole (DHTEM) surveys.

Geological logging and assay results confirm that this nickel-copper sulphide mineralisation is clearly associated with the strong, large and continuous VC-07 EM conductor. Geophysical modelling indicates that VC-07 extends for at least 1,050m to the west-northwest and has a potential depth extent exceeding 150m-200m.

ANDD0005 and ANDD0006

ANDD0005 and ANDD0006 were drilled to test the up-dip and down-dip extensions of the 38m-wide zone of nickel-copper sulphide mineralisation intersected in ANDD0004, which returned 16.2m (estimated true width 10.1m) @ 2.09% Ni and 0.75% Cu from 347.5m (refer ASX 10 December 2020) in the eastern part of the extensive (1,050m x +200m) VC-07 conductor, identified by Azure in electromagnetic surveys.

ANDD0005 returned mineralised assays over an 18.7m-wide (estimated true width 15.4m) mineralised interval, containing significant quantities of nickel and copper sulphide mineralisation in the form of massive, semi-massive, matrix, blebby and disseminated nickel-copper sulphide mineralisation hosted in gabbro and other mafic rocks.

LOOKING FORWARD

To accelerate the exploration and development of Andover, Azure has initiated an intensive diamond drilling program designed to test the full 1,050m strike extent of mineralisation associated with the VC07 conductor plate, as well testing up-dip and down-dip extensions which could exceed 200m of vertical extent of sulphide mineralisation.

The drill program comprises two consecutive 15,000m drilling campaigns with the first phase designed to delineate the extent of the mineralised system with the second phase defining the deposit to JORC mineral resource standards.

Additionally, based on FLTEM surveying, 12 separate electromagnetic conductor anomalies have been identified within the Andover project area. Drilling to test the highest priority conductors is planned to commence early in the first quarter of 2021.

Contact:

Tony Rovira

Tel: +61 8 9481 2555

(C) 2021 Electronic News Publishing, source ENP Newswire