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Aziana Ltd Readies For Drilling At Anosivola Copper Gold Project

Aziana Ltd (ASX:AZK) is edging closer to commencing a diamond drill program at its 100% owned Anosivola Copper Gold project in Madagascar.

A drill rig and team has been mobilised to commence drilling the first week of February 2015.

The initial program will commence with four holes and approximately 1,000 metres of coring.

The Anosivola project lies within a historically producing copper-gold belt in south-central Madagascar, 300 kilometres south-east of the capital, Antananarivo.

Aziana's attention is focused on a 600 metre wide shear zone at least 6 kilometres in length between Anosivola East and Bevomanga (NYSE:AEB).

Ground mapping located widespread copper-silver-gold along a 6 kilometre length of the AEB shear.

Initial holes are designed to test prospects along the Anosivola East to Bevomanga zone (AEB Zone) that returned a strong magnetic response and high chargeability.

Early stage diamond drilling to date was limited by rig capabilities, but has shown extensive and intense hydrothermal alteration within the AEB.

Assays of half-core from the hole returned 10.2 metres at 3.66% copper, 0.02g/t gold, and 5.8g/t silver from 1.85 metres.

However, trenching over the shear zone has returned some very good grades of copper, gold and silver mineralisation within the oxide horizon.

Surface trenches returned continuous channel intersections including 3 metres at 6.72% copper, 5.49g/t gold and 224g/t silver.

Ongoing discussions are continuing with parties expressing interest to farm-in to the Anosivola Project.

Of interest, induced Polarisation surveys to define drill targets have located several anomalous trends containing "pods" of high chargeability, which have been interpreted as sulphide accumulations.

Analysis

The drilling will be closely watched given the limited drilling to date and trenching results that offer considerable promise.

The presence of multiple positive factors, including structural setting, hydrothermal alteration zones, strong surface mineralisation including primary copper sulphides, and Induced Polarisation (NYSE:IP) chargeability anomalies at depth, demonstrate a high level of prospectivity for economic Cu-Ag-Au deposits in the AEB zone of the Anosivola Project.

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