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AVZ Minerals Ltd.

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Summary

Project:

Manono

Deposit:Carriere de l’Este
Location:Democratic Republic Of The Congo
Commodities:Lithium-Tin
Date:3/5/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:5-3-2019: AVZ Minerals Ltd. announces an Exploration/Drilling Update report for its Carriere de l’Este deposit at the Manono project. Drilling results incl. 68.0m @ 2.0% Li2O, 862ppm Sn from 175m. AVZ’s Managing Director Mr Nigel Ferguson commented: “Thes
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Micheal Cronwright (MSA Group Pty Ltd.)
ABSTRACT:AVZ’s Managing Director Mr Nigel Ferguson commented: “These last 2 holes drilled at Carriere de l’Este are of the same lithium grade tenor and intersection widths as those reported on previously – (19th February 2019). Both holes 5 and 6 have drilled through high grade zones averaging over 2% Li2O, mineralisation which was also seen on holes spaced 200 metres along strike. Hole 5 for example generated 56 by 1 metre assays greater than 2% Li2O with a maximum value in one sample of 3.97% from 166 to 167 metres deep. Hole 6 was comparable with 97 samples returning values greater than 2% including 5 individual samples grading greater than 4% Li2O which equates to each of the 5 samples containing in excess of 50% spodumene. The highest value from hole 6 was from 181 to 182 metres downhole and reported 4.65% Li2O (Figures 1 and 2). Carriere de l’Este is unlike Roche Dure in that it has higher grade zones within well mineralised pegmatite suggesting a more classical zonation model for this large pegmatite. Depending on future drilling, this may open up possibilities for high grade blending with Roche Dure mineralisation to shorten pay back periods and is definitely worth considering as we move through the mining study phase currently underway.

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