Azzuro Hits 3.27% Copper Over 8m at Red Hill Project

Azzuro Resources (ASX:AZ9) reported high-grade copper-gold-zinc-silver assays from a second batch of drill results at its Red Hill VMS project in Mongolia. Hole MU2603 returned 21.45m at 1.70% copper, 0.85 g/t gold, 16.86 g/t silver and 0.21% zinc from 83.2m down-hole. Inside that intercept, 8.0m ran 3.27% copper, 1.04 g/t gold, 18.09 g/t silver and 0.20% zinc from 95.0m.

Managing Director Gan-Ochir Zunduisuren said the results exceeded the company's expectations. The grades came from a hole drilled up-dip of last year's discovery, targeting a downhole electromagnetic conductor. Copper tenor increased significantly relative to the equivalent intercept in hole MU25022.

A second hole, MU2602, tested the eastern extension beneath a surface hematite-limonite breccia. It returned 18.25m at 0.67% copper, 0.16 g/t gold and 0.15% zinc from 68.75m. Below the main massive sulphide in MU2603, a semi-massive sulphide vein ran 0.45m at 2.67% copper, 0.63 g/t gold, 5.9 g/t silver and 0.68% zinc.

Zunduisuren also pointed to a broad, shallow gold zone north of the VMS system. Drillholes MURC02 and MU26021 suggest the mineralisation may extend over more than 600m of strike, creating an additional exploration target.

The 2026 program is fully funded. More assay results and geophysical data are pending. AZ9 held at 1.8¢ ahead of the open, giving it a market capitalisation of roughly A$780,000. At that valuation, a single positive drill hole can move the stock sharply. The same applies to a negative result. Investors should weigh the early-stage nature of the project and the low liquidity of the stock against the grade profile shown so far.