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Why is Azure Minerals Drilling Find Significant for Lithium Exploration? — ASX:AZS| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$AZS
Why is Azure Minerals Drilling Find Significant for Lithium Exploration?
Azure Minerals Limited has reported promising results from its early diamond drilling at Target Area 3 (TA3), indicating the presence of extensive and high-grade lithium mineralization. The results correlate with previous visual observations of significant quantities of spodumene within the pegmatites. As the drilling continues, substantial amounts of spodumene have been visually identified, awaiting assay results for further analysis.
Exploring the Technical Details
The Andover pegmatite swarm, covering a vast area of 9km east-west and up to 5km north-south, consists of numerous outcropping pegmatites. Extensive surface sampling and drilling have confirmed the presence of high lithium grades in many of these pegmatites.
At present, Azure Minerals has completed 33 diamond core holes for a total of 7,258 meters at TA3. This is part of the larger Andover Lithium Project, which has seen a total of 125 diamond core holes (38,346m), 91 RC holes (17,238m), 36 RC pre-collars (7,718m), and 25 diamond core tails
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(5,351m).
Positive Words from Azure's Managing Director
Mr. Tony Rovira, the Managing Director of Azure Minerals, expressed his satisfaction with the latest findings. He highlighted the presence of broad and high-grade lithium intersections in the pegmatites, extending over hundreds of meters. The visual identification of significant amounts of spodumene in the drill core aligns with the subsequent high-grade lithium assays from the same intervals.
Rovira also mentioned that drilling is ongoing and continues to intersect visible spodumene, expanding the known extents of the mineralized system to over one kilometer in strike length. This bodes well for the potential discovery of additional mineralized intersections in the near future.
Conclusion
Azure Minerals Limited's recent diamond drilling at Target Area 3 (TA3) has generated positive results, confirming the presence of extensive and high-grade lithium mineralization in the pegmatites. These findings validate the earlier visual observations of significant quantities of spodumene. With ongoing drilling and the extension of the mineralized system, further mineralized intersections are expected to be reported soon. This development positions TA3 as one of Azure Minerals' most promising lithium targets at the Andover site.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
133d
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
164d
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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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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