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AVZ Minerals Ltd.
Summary
| Project: | Manono | |
|---|---|---|
| Deposit: | Kitotolo | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Lithium | |
| Date: | 8/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2017: AVZ Minerals Ltd. announces an Exploration/Drilling Update report for its Kitotolo deposit at the Manono project. Drilling Results incl. 65.86m @ 1.51% Li2O from 166.74m. AVZ’s Executive Chairman, Mr. Eckhof commented “These results again confi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Spitalny (Hanree Holdings Pty Ltd.) | |
| ABSTRACT: | AVZ’s Executive Chairman, Mr. Eckhof commented “These results again confirm our understanding of the immense size of the Manono Lithium project. Three of the Kitotolo sector pegmatites have now been drill tested confirming the presence of large lithium, tin and tantalum mineralised pegmatite bodies over a strike length of some 4 km within the Kitotolo sector. These results support the exploration target of between 400 and 800Mt of 1% to 1.5% Li2O at the Kitotolo Sector alone. Additional resources are also expected to be defined within the northern Manono Sector.” 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. AVZ completed an initial drill program between March and June 2017 (Refer Table 1) to evaluate the potential of the enormous Manono and Kitotolo pegmatites to contain economically significant lithium (Li) mineralisation. The program comprised seven diamond drill holes for 1,749 metres and tested four of the six large pegmatites at the Manono Project (Figure 1). Drill-core samples were prepared in the Democratic Republic of the Congo (DRC) and submitted to ALS Global Perth for assay. | |
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