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Project: | Manono | |
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Deposit: | Manono | |
Location: | Democratic Republic Of The Congo | |
Commodities: | Lithium-Tin-Tantalum-Iron | |
Date: | 10/19/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 19-10-2018: AVZ Minerals Ltd. announces an Exploration/Drilling Update report for its Manono deposit at the Manono project. Drilling results incl. 350.95m @ 1.44% Li2O, 376ppm Sn from 146.3m. AVZ’s Managing Director, Mr Nigel Ferguson commented: “Continue | |
Resources: | (Resource, Total): 259.9Mt @ 1.63% Li2O, 844ppm Sn, 43ppm Ta2O5, 0.88% Fe | |
CP/QP: | [Overall Report]: Micheal Cronwright (MSA Group Pty Ltd.) | |
ABSTRACT: | AVZ’s Managing Director, Mr Nigel Ferguson commented: “Continued drilling at Roche Dure is increasing our knowledge of the deposit along strike, both to the south-west and north-east of the central part of the main resource area. With these new results, we will very likely see an increase in resource tonnages and category at Roche Dure given they were drilled outside the maiden resource 'area of influence'. We expect this to lower the strip ratio over LOM and positively impact the project economics. We are very happy that the scale of the Roche Dure mineralisation continues to increase, and we look forward to releasing an updated Mineral Resource Estimate for Manono before the end of the year. Following on from our recent funding discussions, we are very encouraged by the amount of interest in the company post the release of the 2 Mtpa Scoping Study and stated interest to participate in accelerating the development of the project as quickly as possible. The Tier-1 nature of the project was easily understood and very well received given the quality, size and homogenous nature of the lithium and tin resource.” AVZ Minerals Limited (ASX: AVZ) is pleased to report it has received further high-grade results from its Mineral Resource drilling at the Manono Lithium Project in the Democratic Republic of Congo. It has received results from a further eight diamond drill holes, none of which were included in the Maiden JORC Mineral Resource estimate reported in early August 2018 | |
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