Asian Battery Metals (ASX:AZ9) Reports Continued Success in Sulphide Drilling
Drilling Success at OVD027
Asian Battery Metals (ASX:AZ9) has reported notable progress in its drilling activities with drillhole OVD027 intercepting massive sulphide mineralisation. The recent results indicate mineralisation extending north of previous drillhole OVD021, suggesting an almost flat orientation aligned with the Oval intrusive body. Significant intercepts include 6.1 metres of massive sulphide from 98.2 metres and 12.1 metres of net-textured sulphide from 104.3 metres.
Expectations for Assay Results
The current assay results are pending, with laboratory analyses expected to be completed in the next 5 to 6 weeks. The broader intersection in OVD027 reflects 91.8 metres of varied mineralisation, enhancing the understanding of the higher-grade mineralisation at the Oval gabbroic intrusion.
Management Commentary
Gan-Ochir Zunduisuren, Managing Director of Asian Battery Metals, expressed optimism regarding the recent findings, stating, “The results from OVD027 mark a pivotal step forward in our understanding of higher-grade mineralisation at the Oval gabbroic intrusion. With assays and modelling underway, we remain optimistic about unlocking additional high-grade targets.”
Ongoing and Future Drilling
Six drillholes for the 2024 Phase 2 program have been completed, with drilling operations continuing. Geological and geophysical analyses are ongoing, which will inform future drilling and resource modelling efforts. Investors can expect further updates as assays are received and additional geological insights are gathered.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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