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Australian Vanadium Ltd.
Summary
| Project: | Blesberg | |
|---|---|---|
| Deposit: | Blesberg | |
| Location: | South Africa | |
| Commodities: | Lithium-Tantalum-Beryllium-Feldspar | |
| Date: | 7/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-7-2017: Australian Vanadium Ltd. announces an Exploration/Drilling Update report for its Blesberg deposit at the Blesberg project. Drilling results incl. 8m @ 1532ppm Ta from 66m. Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased | |
| Resources: | (Resource, Total): 91.4Mt @ 0.82% V2O5 at project | |
| CP/QP: | [Overall Report]: Vincent Algar (Internal) | |
| ABSTRACT: | Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to provide an update of the activities undertaken at the Blesberg Project in the Northern Cape Province of South Africa. The Company has completed 41 holes (3128m) of Reverse Circulation (RC) drilling, designed to allow the Company to calculate and report a mineral resource estimate in accordance with the 2012 JORC Code. The programme has been designed to achieve a drill intersection spacing of 50m, sufficient to allow good resolution of the pegmatite geometry and mineral distribution. 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. Laboratory assay results for the first 13 holes have been received in full and are discussed further below. Results have been significantly delayed due to slow laboratory processing in SA and Canada. Current drilling confirms the extension of the pegmatite beyond the historical mine. The main products produced from the historical mining at Blesberg were feldspar, beryl, bismuth, tantalite-columbite, 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. The company is advancing the project towards feasibility to extract feldspar-lithium-beryl and tantalite | |
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