Asian Battery Metals PLC (ASX: AZ9) has confirmed massive sulphide mineralization at the Oval Copper-Nickel-PGE Project in Gobi-Altai province of Mongolia.
The initial batch of assays from the 2024 Phase 2 drilling for holes OVD022-OVD025 has returned massive sulphide of 3.6m of 3.85% copper, 3.82% nickel, 1.55g/t E3, and 0.15% cobalt from 48.2m.
This result from hole OVD025 at North Oval was within broader high-grade mineralization of 11.4m at 1.85% copper, 1.70% nickel, 0.82g/t E3, and 0.07% cobalt from 44.6m at North Oval.
Managing director, Gan-Ochir Zunduisuren, said, “The high-grade intercept at North Oval is very encouraging for our future exploration in the Oval copper-nickel mineral system. It confirms that the Oval gabbroic intrusive system has the right environment to accumulate a high tenor copper and nickel sulphide in different parts of the intrusion.”
Additionally, broad and consistent mineralization was returned in holes OVD022, OVD023, and OVD024 in the central part of the Oval gabbroic intrusion.
Drilling will recommence early in the new year with multiple targets identified using downhole electromagnetics (DHEM). The 2025 programme will also include deeper drilling to test potential sources for the high-grade massive sulphide encountered to date.
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