Asian Battery Metals PLC (ASX:AZ9) has received another massive sulphide intercept at its Oval Copper-Nickel-PGE Project on its Yambat property in Mongolia.
This latest massive sulphide intercept in drill hole OVD027 is north of the prior intercept in OVD0211, which likely indicates an almost flat orientation of massive sulphide along the general strike direction of the Oval intrusive body.
Notable intercepts within the broader zone of mineralisation are 6.1 metres of massive sulphide from 98.2 metres and 12.1 metres of net textured sulphide from 104.3 metres.
A pivotal step forward
Asian Battery Metals managing director Gan-Ochir Zunduisuren said: “The results from OVD027 mark a pivotal step forward in understanding of higher-grade mineralisation at the Oval gabbroic intrusion and suggests its orientation is approximately flat-lying and open to the NNW along the strike of the intrusion.
“With assays and modelling underway, we remain optimistic about unlocking additional high-grade targets."
Analysis indicates that the massive sulphide intercept in OVD027 is around 13 metres almost due north of the corresponding intercept in OVD021, and it has been confirmed that these intercepts belong to the same mineralised body.
The longitude section of all conductive plates identified by DHEM.
All assays are pending and will be finalised within the next five to six weeks.
Mineralisation and orientation of OVD027
Drill hole OVD027 was designed to test the down-hole electromagnetic (DHEM) conductor plate identified as OVD022_B, which exhibits a conductance of 8,247 siemens.
The hole intercepted 91.8 metres of combined mineralisation of massive, moderate to dense disseminated and net textured sulphide mineralisation patterns that are generally similar to OVD021.
The complete mineralised intersection consists of 49.5 metres of moderately mineralised gabbro, 24.2 metres of densely disseminated mineralised gabbro, 6.1 metres of massive sulphide mineralisation, followed by 12.1 metres of net-textured sulphide mineralised gabbro and 25.7 metres of low-mineralised gabbro.
True thickness of the massive sulphides is around 5.4 metres, based on the orientation of the DHEM plate models.
Based on detailed visual mineral estimation and compositional analysis of the massive sulphide intercepts encountered in holes OVD027 and OVD021, it has been confirmed that these intercepts belong to the same mineralised body.
This variation in depth suggests that the massive sulphide body dips shallowly towards the south or southeast, further contributing to our understanding of its geometry and spatial continuity.
These findings provide important geological insights, which will be used to guide further drilling and resource modelling.
To date, AZ9 has completed six 2024 Phase 2 drill holes (OVD022, OVD023, OVD024, OVD0252, OVD0263 and OVD027) with drilling ongoing.
Plan view of drill hole locations on high-resolution magnetic map.
AZ9 says that further geological and geophysical analyses are now underway to characterise the mineralisation and determine its extent, orientation and grade. The company will provide additional details once laboratory assays are complete and modelling finalised.