Asian Battery Metals (ASX: AZ9) has announced interim results from reconnaissance exploration at its Oval prospect in Mongolia, identifying a new copper-nickel system within the broader Yambat project.
The exploration programme included geophysical studies, ground mapping, and sampling across the 106.06km2 land package, plus a 2,500m Phase 1 drilling campaign. 1,320m of that programme has been completed to date.
Detailed geophysical work employed pole-dipole induced polarization, controlled source audio frequency magnetotelluric, and audio-frequency magnetotelluric methods to generate new targets.
Ground mapping was conducted across a 5.77km2 area within the western sector of Oval and focused on delineating copper-nickel-bearing mafic units, establishing lithological contacts, characterizing alteration mineralogy and identifying structural trends to guide the subsequent exploration of mineralized zones.
Exploration results indicated the existence of a broader magmatic copper-nickel system 1.7km south-east of Oval.
An expansion of a separate copper-nickel gabbro outcrop was also identified at the North Oval area, indicating a significant north-west extension of the main Oval mineralization.
The new Copper Ridge target was delineated from mapping work over a 7km area of land to the north of Oval. Assay results from rock chip sampling yielded maximum values of 0.29 parts per million gold, 0.4% copper, and more than 15% iron.
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