{"id":4374,"date":"2024-01-15T04:27:03","date_gmt":"2024-01-15T04:27:03","guid":{"rendered":"https:\/\/economicherald.net\/?p=4374"},"modified":"2024-01-15T04:27:03","modified_gmt":"2024-01-15T04:27:03","slug":"azure-has-confirmed-major-lithium-mineralisation-at-andovers-target-area-3-and-is-still-drilling-for-more","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4374","title":{"rendered":"Azure has confirmed major lithium mineralisation at Andover\u2019s Target Area 3 \u2013 and is STILL drilling for more"},"content":{"rendered":"

Target Area 3 now extends 1.7km along strike and 700m down dip
\nAndover\u2019s huge pegmatite swarm is now 9km east-west and 5km north-south
\n57,878m of drilling is now complete across 192 holes
\nExtensional diamond drilling is ongoing at Target Areas 1 and 3<\/p>\n

\u00a0<\/p>\n

Special Report<\/em><\/strong>: Azure Minerals has extended and confirmed major lithium mineralisation 1.7km-long at the Target Area 3 prospect, part of its ever-growing Andover project in WA\u2019s Pilbara.<\/strong><\/p>\n

The target of a joint takeover by SQM and Hancock Prospecting, Azure Minerals\u2019 (ASX:AZS)<\/strong><\/a>\u00a0 continues to reveal impressive results from drilling at its monster Andover lithium project which this time last year was pegged to be a prospective nickel-copper-cobalt project.<\/p>\n

That was until the drill bit struck a thick lithium mineralisation interval of 105m @ 1.26% Li2O, and exploration since is constantly demonstrating Andover\u2019s credentials as a Tier 1 lithium project<\/strong><\/a>.<\/p>\n

\u00a0<\/p>\n

Lithium confirmed at Target Area 3<\/strong><\/h2>\n

Initial exploration at TA3 identified the presence of numerous outcropping mineralised pegmatites which Azure designated as targets AP0001 through to AP0006.<\/p>\n

Several of the pegmatites that were originally considered to be separate have now been confirmed to extend beneath shallow cover and join together for a cumulative 1.7km-long strike and down dip 700m (450m vertical).<\/p>\n

Assays are now back from drilling, confirming significant visible widths of up to 35.6m of spodumene-bearing pegmatites and show intersections of up to 2.99% Li2O with true widths averaging ~35m.<\/p>\n

These include 90.8m @ 1.54% Li2O from 82.5m in hole ANDD0303 and 58.6m @ 1.57% Li2O from 57.7m in hole ANDD0306, including 15.9m @ 2.31% Li2O from 92.9m<\/p>\n

To date, lithium-focused drilling has completed 192 diamond core holes for 57,878.4m, 97 RC holes for 19,267m (including 9 RC pre-collars without diamond tails), and 27 holes comprising RC pre-collars and diamond tails for 12,070.7m, for an overall total of ~90,000m.<\/p>\n

Drilling has concentrated on three principal Target Areas (TA1, TA2 and TA3) with substantial spodumene-hosted lithium mineralisation identified and delineated at TA1 and TA3.<\/p>\n

The latest results come on the back of impressive assay numbers from drilling within Target Area 1 and Target Area 2, which confirmed more broad intersections of lithium mineralisation.<\/p>\n

The overall Andover pegmatite swarm extends over an area of 9km (east-west) and up to 5km (north-south) and contains hundreds of outcropping pegmatites.<\/p>\n

Andover\u2019s target areas and its huge swarm of pegmatites. Source: AZS<\/p>\n

\u00a0<\/strong><\/p>\n

Next moves<\/strong><\/h2>\n

Following the Christmas break, drilling has now resumed at Andover with six diamond rigs currently completing infill resource definition drilling on Target Area 1.<\/p>\n

Two additional diamond drill rigs are currently drilling at Target Area 3 with a focus on expanding mineralisation extends of the AP0002\/AP0003\/AP0004 pegmatite both down-dip and along strike.<\/p>\n

AZS expects to release a maiden lithium resource for Andover in Q2 following completion of its joint takeover by SQM and Gina Rinehart\u2019s Hancock Prospecting<\/a> via a scheme of arrangement for $3.70\/sh.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Azure Minerals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Azure has confirmed major lithium mineralisation at Andover\u2019s Target Area 3 \u2013 and is STILL drilling for more<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Target Area 3 now extends 1.7km along strike and 700m down dip Andover\u2019s huge pegmatite swarm is now 9km east-west and 5km north-south 57,878m of [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4375,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nAzure has confirmed major lithium mineralisation at Andover\u2019s Target Area 3 \u2013 and is STILL drilling for more - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4374\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Azure has confirmed major lithium mineralisation at Andover\u2019s Target Area 3 \u2013 and is STILL drilling for more - 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