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Why is Azure Minerals latest Drilling Results at Andover Lithium Project Significant? — ASX:AZS| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$AZS
Why is Azure Minerals latest Drilling Results at Andover Lithium Project Significant?
Azure Minerals' Andover Project Unveils Exceptional Lithium Intersections
Azure Minerals Limited has reported remarkable drilling successes at its Andover Project, showcasing several high-grade lithium intersections. This update emphasizes the project's vast potential, with results including 112.9m at 1.63% Li2O, among other significant findings. These outcomes are part of the ongoing exploration and resource definition efforts, reinforcing Andover's position as a lithium deposit of global significance.
Impressive Lithium Intersections
The Andover Project, a collaboration between Azure Minerals (60%) and the Creasy Group (40%), has delivered multiple broad mineralized intersections from the AP0011 pegmatite.
Key results include:
112.9m at 1.63% Li2O from ANRD0154, including a high-grade segment of 24.6m at 2.17% Li2O.
152.3m at 1.15% Li2O from ANDD0309, with a notable section of 34.7m at 1.73% Li2O.
Additional intersections across various drill holes, demonstrating both the thickness and high-grade nature of the lithium mineralization.
Expanding the Known
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Mineralization
The latest assay results from the AP0011 pegmatite not only confirm previously observed spodumene mineralization but also extend the known mineralized zones. The drilling campaign has strategically delineated the extents of thickened mineralization, with significant intersections expanding the mineralized footprint of the pegmatite. This includes delineating mineralization both along strike and down-dip, where the pegmatite remains open at depth.
Drilling and Exploration Continuity
With 217 diamond core holes and numerous RC holes completed, Azure Minerals continues to intensively explore the Andover pegmatite swarm. The project's extensive drilling program is complemented by ongoing metallurgical testwork, aiming to define the extents of the mineralized pegmatites and support the maiden Mineral Resource Estimate (MRE).
Next Steps and Forward Strategy
Azure Minerals is advancing with eight drill rigs dedicated to extensional and infill drilling, while a ninth rig focuses on collecting bulk samples for metallurgical testing. The company anticipates further assay results in the coming weeks, which will contribute to the comprehensive understanding and development of the Andover Project.
The Andover Project's latest drilling results underscore its potential as a lithium resource of global importance. Azure Minerals' strategic exploration efforts continue to reveal the project's extensive mineralization, positioning it as a key player in the lithium market. With further results on the horizon, stakeholders eagerly await the project's continued progress and its contribution to the burgeoning lithium sector.
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L
Lykeshares
144d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
144d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
175d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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