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Australian Vanadium Ltd.
Summary
| Project: | Blesberg | |
|---|---|---|
| Deposit: | Blesberg | |
| Location: | South Africa | |
| Commodities: | Lithium-Tantalum-Beryllium-Feldspar | |
| Date: | 11/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-11-2017: Australian Vanadium Ltd. announces an Exploration/Drilling Update report for its Blesberg deposit at the Blesberg project. Drilling results incl. 2m @ 1000ppm Be from 37m. Australian Vanadium Limited (ASX:AVL, “the Company” or AVL”) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Vincent Algar (Internal) | |
| ABSTRACT: | Australian Vanadium Limited (ASX:AVL, “the Company” or AVL”) is pleased to provide a final report on the drilling activities undertaken at the Blesberg Project located in the Northern Cape Province of South Africa (see Figure 3). Laboratory assay results for all holes have been received in full and are discussed further below. AVL’s objective is to assess the value of the Lithium-Caesium-Tantalum (LCT) pegmatites at Blesberg, including the volume of ceramic grade feldspar and of high value by-products of spodumene, beryl and tantalite. The Company completed 41 holes (3,128m) of Reverse Circulation (RC) drilling under the targeted budget requirements. The Company aims to proceed to calculate and report a mineral resource estimate in accordance with the 2012 JORC Code. The programme was designed to achieve a drill intersection spacing of 50m, sufficient to allow good resolution of the pegmatite geometry and mineral distribution. Drilling results confirmed the extension of the pegmatite beyond the historical mine. The main products produced from the historical mining at Blesberg were feldspar, beryl, bismuth, tantalitecolumbite, spodumene and mica. Historical feldspar production from the mine was reported to be of very high quality, with the feldspar being pure white and unstained by iron oxide. Previous mining at Blesberg has extracted significant quantities of commercial feldspar. Blesberg is widely known in South Africa for its high-quality material, which is highly attractive to traders and end-users of commercial feldspar. Its coarse grain size and low iron content are an attractive feed for glass making and other ceramic uses. The extension of the Blesberg pegmatite under shallow cover is considered significant, making it potentially amenable to low cost open-cut mining which will be further evaluated by the Company. | |
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