Asian Battery Metals has announced another significant discovery at its Oval Cu-Ni-PGE Project in Mongolia’s Gobi-Altai region, further validating the project’s potential for substantial mineralization.
The latest diamond drill hole, OVD026, has intercepted an impressive 19.3-meter zone of combined mineralization from 91.2 meters depth, including a high-grade massive sulphide section of 1.9 meters containing 8.0% chalcopyrite, 10.0% pentlandite, and 80.0% pyrrhotite.
This new intercept, located 100 meters northwest of the previously announced massive sulphide discovery in OVD021, demonstrates the potential continuity of the mineralization system within the Oval gabbroic intrusion. The discovery is particularly significant as it expands the known footprint of high-grade mineralization in the project area.
The company employed Down-Hole Electromagnetic (DHEM) surveys to guide the drilling program, leading to this successful intersection. The DHEM conductor plate that led to this discovery was previously considered less significant due to its low conductivity, highlighting the importance of comprehensive testing approaches.
With assay results pending and expected within 5-6 weeks, Asian Battery Metals continues to demonstrate the expanding potential of its Oval Project. This latest discovery reinforces the company’s position as an emerging player in the critical minerals sector, particularly in Asia’s growing battery metals market.
The company continues its Phase 2 drilling program with five holes completed to date, strategically advancing its understanding of the mineralization system at Oval.
Click here to download full announcement: Massive Sulphide Intercept From DHEM Targeting – 25 Nov, 2024
