Asian Battery Metals PLC (ASX: AZ9) has announced the results of the remaining assay data from the Phase 1 diamond drilling programme at the 100% Oval Cu-Ni-PGE prospect, located in the Gobi-Altai region of Mongolia.
The company’s managing director, Gan-Ochir Zunduisuren commented, “After four years of systematic exploration in Mongolia, with the help of the BHP Xplor program in 2023, it is exciting to be a part of an outstanding copper-nickel discovery. It is an exceptional result that shows the mineralization system at Oval has potential for hosting a substantial deposit with a higher grade zone of copper and nickel.”
A massive sulphide intercept in hole OVD021 of 8.8m @ 6.08% Cu, 3.19% Ni, 1.63g/t E3, 0.11% Co (CuEq 12.57%) from 107.2m has been encountered in between high-grade zones of:
- Dense disseminated intercept – 7.85m @0.75% Cu, 0.78% Ni, 0.15g/t E3, 0.04% Co (CuEq 2.25%) from 99.35
- Net textured intercept – 15.8m @ 1.36% Cu, 1.00% Ni, 0.44g/t E3, 0.04% Co (CuEq 3.4%) from 116m
Hole OVD021 is located within 800m+ of strike which remains open at depth and in the southeast, northwest, northeast, and southwest directions. The copper-nickel sulphide mineralization represents a new style of deposit for the south western part of Mongolia.
Other significant assay results from drill holes with disseminated mineralization returned:
- OVD013 – 33.4m4 @ 0.23% Cu, 0.22% Ni, 0.07g/t E3, 0.01% Co from 111m
- OVD009A – 16.7m4 @ 0.17% Cu, 0.14% Ni, 0.11g/t E3, 0.01% Co from 200.5m
In addition, drilling is to recommence immediately upon the receipt of downhole electromagnetics.
Mr. Zunduisuren added, “With the confirmation of high-grade massive sulphide intercepts, future exploration work at the Oval Cu-Ni discovery will primarily focus on the extension of the high-grade zone and understanding its size, true dip, and orientation. We will recommence drilling within two weeks and look forward to continuing the journey of discovery with our shareholders.”
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