Asian Battery Metals PLC (ABM or the Firm, ASX: AZ9) is happy to report the outcomes of the remaining assay information from the Part 1 diamond drilling program on the 100% Oval Cu-Ni-PGE prospect, positioned within the Gobi-Altai area of Mongolia.
HIGHLIGHTS:
- Large sulphide intercept in gap OVD021 of 8.8m @ 6.08% Cu, 3.19% Ni, 1.63g/t E31, 0.11% Co (CuEq2 12.57%) from 107.2m is encountered in between excessive grade zones of:
- Dense disseminated intercept – 7.85m @0.75% Cu, 0.78% Ni, 0.15g/t E31, 0.04% Co (CuEq2 2.25%) from 99.35m and
- Web textured intercept – 15.8m @ 1.36% Cu, 1.00% Ni, 0.44g/t E31, 0.04% Co (CuEq2 3.4%) from 116m.
- OVD021 is positioned inside 800m+ of strike which stays open at depth and within the SE, NW, NE and SW instructions. The copper-nickel sulphide mineralisation represents a brand new model of deposit for the South Western a part of Mongolia.
- Drilling to recommence instantly upon receipt of Downhole Electromagnetics (pending).
Photograph-1. Large sulphide and matrix/web textured sulphide interceptions from OVD021 with particulars. Picture represents the model of mineralisation briefly segments from longer assay intercepts, given within the determine.
The Firm’s Managing Director, Gan-Ochir Zunduisuren commented: “After 4 years of systematic exploration in Mongolia, with the assistance of the BHP Xplor program in 2023, it’s thrilling to be part of an excellent Copper-Nickel discovery. It’s an distinctive consequence that reveals the mineralisation system at Oval has potential for internet hosting a considerable deposit with a better grade zone of copper and nickel. With the affirmation of high-grade huge sulphide intercepts, future exploration work on the Oval Cu-Ni discovery will primarily concentrate on the extension of the high-grade zone and understanding its measurement, true dip, and orientation. We’ll recommence drilling inside two weeks and look ahead to persevering with the journey of discovery with our shareholders”.
Abstract of the Part 1 Diamond Drilling Program
Throughout the Part 1 program, a complete of 19 holes had been accomplished (with an extra 2 being deserted as a result of drilling and core loss points) totalling 2896.85 metres (Appendix 1), on the Yambat Challenge. This included 2183.85 metres of drilling on the Oval Cu-Ni-PGE discovery, 459.8 metres of scout drilling within the South-East space and 253.2 metres of diamond drilling on the Copper Ridge prospect. The deserted holes SC02 and OVD013A (as proven in Appendix 1) offered no significant info and had been excluded from the totals.
The Firm beforehand reported the outcomes of seven Part 1 2024 drill holes from the Oval discovery (OVD011, OVD012, OVD014, OVD015, OVD017, OVD018, and OVD019) and a pair of drill holes from the Copper Ridge prospect3. Laboratory assay outcomes from all of the remaining samples from the Part 1 drilling program have now been acquired. These samples cowl Oval drill holes (OVD009A, OVD010, OVD013, OVD020 and OVD021) and scout drill holes (SC01, SC03, and SC04). Vital intercepts are offered in Desk 1.
Probably the most important achievement of this drilling part has been intercepting huge sulphides in gap OVD021, now confirmed by the assay outcomes to have excellent grades of Cu-Ni-PGE. This additional confirms that the Oval magmatic sulphide system is a wealthy system able to forming high- grade ore.
Along with the high-grade huge, web textured, and disseminated sulphide intercepts in OVD021, different important assay outcomes from drill holes with disseminated mineralisation 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
- OVD021 – 92.35m4 @ 0.27% Cu, 0.30% Ni, 0.08g/t E3, 0.02% Co from 7m and – 31.2m4 @ 0.19% Cu, 0.20% Ni, 0.10g/t E3, 0.01% Co from 131.8m
Drill gap OVD021
The drill gap OVD021 was designed to focus on a 98m x 16m DHEM conductor and was drilled at an acute angle alongside the strike of the mineralised gabbro. The true width of the mineralisation is at the moment unknown and the mineralisation stays open in NE, SW, up dip and down dip instructions. Additional investigation of the large sulphide is the first goal of the Part 2 drilling program and will likely be focused primarily based on the DHEM that was used to design the OVD021 drill gap and not too long ago accomplished DHEM described beneath.
For a extra detailed breakdown of the drilling outcomes, please discuss with Tables 1, 2 and Determine 5 (Appendix 2).
Drill gap OVD021 offers extra proof (along with the DHEM plate proven in Determine 2) supporting the interpretation that the large sulphide could also be injected at a excessive angle relative to the Oval gabbro. The opening was drilled semi-parallel to the strike of the Oval mineralisation and intersected prolonged intervals of disseminated mineralisation, which aligns with expectations for a gap on this orientation. Nevertheless, the large sulphide was intercepted over a shorter distance, and no extra intercepts had been encountered. This final result is in step with the outlet not being drilled parallel to the large sulphide physique and never traversing out and in of the large sulphide as a result of adjustments in touch geometry. Drill holes being deliberate for the following drilling part will check this interpretation and supply info to determine true widths of the large sulphide, that are at the moment unknown.
Photograph-2. Drill core from OVD021, huge sulphide between 107.2m and 116m
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