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Azure Minerals confirms TA3 zone at Andover hosts “substantial” lithium deposit with broad, high-grade results

Published 20/03/2024, 10:25 am
Updated 20/03/2024, 11:00 am
© Reuters.  Azure Minerals confirms TA3 zone at Andover hosts “substantial” lithium deposit with broad, high-grade results

Azure Minerals Ltd (ASX:AZS, OTC:AZRMF) has unearthed an abundance of broad, lithium-rich drill intersections at the Target (NYSE:TGT) Area 3 (TA3) zone of the Andover Lithium Project in Western Australia, confirming the presence of a sizable lithium deposit at the target.

The latest drilling program produced results of up to 102.5 metres at 1% lithium oxide (Li2O) from 393.5 metres of depth and 41.2 metres at 1.55% from 207.6 metres.

These particularly broad and high-grade results extended the strike length of pegmatite AP0004 to more than 2,100 metres with an 800-metre depth, and AP0002 to 1,500 metres with a 400-metre depth.

Full assay results

Both pegmatites remain open at depth and along strike to the northeast and southwest, meaning they hold more potential for further exploration to uncover.

The latest set of assays included:

AP0004:

  • 102.5 metres at 1.00% Li2O from 393.5 metres;
  • 88.4 metres at 1.53% from 38 metres;
  • 62.5 metres at 1.53% from 268.5 metres;
  • 58.1 metres at 1.21% from 250.4 metres;
  • 51.8 metres at 1.07% from 120 metres;
  • 47.7 metres at 1.46% from 96 metres;
  • 41.7 metres at 1.37% from 128.3 metres;
  • 41.2 metres at 1.55% from 207.6 metres;
  • 35.4 metres at 1.41% from 175.9 metres;
  • 34.7 metres at 1.52% from 212.7 metres;
  • 34.4 metres at 1.41% from 66.6 metres;
  • 33.7 metres at 1.23% from 131.3 metres; and,
  • 33.6 metres at 1.24% from 138.8 metres.

AP0002:

  • 47.1 metres at 1.27% Li2O from 286.4 metres;
  • 44.0 metres at 1.11% from 140 metres;
  • 40.2 metres at 1.29% from 243.8 metres;
  • 39.3 metres at 1.18% from 66.4 metres; and
  • 34.7 metres at 1.43% from 237 metres.
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Eight diamond drilling rigs are active at the TA3 system at Andover, actively working to extend it further.

Read more on Proactive Investors AU

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