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AVZ Minerals Ltd.
Summary
| Project: | Manono | |
|---|---|---|
| Deposit: | Kitotolo | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Lithium | |
| Date: | 9/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2017: AVZ Minerals Ltd. announces an Exploration/Drilling Update report for its Kitotolo deposit at the Manono project. Drilling Results incl. 235m @ 1.66% Li2O from 25.4m. AVZ’s Executive Chairman, Mr. Eckhof commented “The result reported from MO17 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Spitalny (Hanree Holdings Pty Ltd.) | |
| ABSTRACT: | AVZ’s Executive Chairman, Mr. Eckhof commented “The result reported from MO17DD001 confirms that the Manono Lithium Project is without doubt, world class in both size and grade. Within the Roche Dure pegmatite we have now defined lithium mineralisation of greater than 1.5% Li2O over a defined strike length of at least 800m and an average 200m thickness. Secondary mineralisation in the form of tin and tantalum should not be discounted either. It is expected that our understanding of the exact nature of the Sn and Ta mineralisation will develop with further drilling, but early indications are that this could provide a significant economic benefit to the project. Given the continued support from drill intercepts to date, we have also upgraded our exploration target for the entire project, to be between 1Bt to 1.2Bt of 1.25% to 1.5% Li2O, including between 300 and 400Mt of 1.25% to 1.5% Li2O for the Roche Dure pegmatite alone. We now await reporting results from MO17DD007 (Carrier de l’est pegmatite), which intercepted pegmatite over at least a 240m true thickness. Samples for MO17DD007 have been received by the laboratory and are currently being processed.” The potential quantity and grade of the exploration target as stated, is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. | |
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