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Avalon Advanced Materials Inc.
Summary
| Project: | Separation Rapids | |
|---|---|---|
| Deposit: | Separation Rapids | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 7/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 18-7-2017: Avalon Advanced Materials Inc. announces an Exploration/Drilling Update report for its Separation Rapids deposit at the Separation Rapids project. Drilling results incl. 20.02m @ 1.55% Li2O from 260.40m. Toronto, Ontario--(Newsfile Corp. - July | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bill Mercer (Internal) | |
| ABSTRACT: | Toronto, Ontario--(Newsfile Corp. - July 18, 2017) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQX: AVLNF) ("Avalon" or the "Company") announces that the results from the Spring 2017 diamond drilling program have both expanded the lithium resource and provided better definition of the lithium mineralogical zoning in the total resource at the Company's Separation Rapids Lithium Project. Five holes totalling 1,470 metres were drilled on the east and west extensions of the resource, where previous drilling had identified a high proportion lepidolite-rich lithium mineralization. The results confirm that high-grade lepidolite mineralization comprises approximately 20% of the known lithium resource and is open for expansion, with the balance having predominantly petalite as the principal lithium mineral. Metallurgical testwork done to date has demonstrated that these minerals can be separately concentrated and used to generate different lithium derivative products, including both lithium hydroxide and lithium carbonate, as well as technical grade lithium for glass applications. Avalon has identified markets for all of these lithium products, including an initial commitment on off-take for the lepidolite concentrate from Lepidico Ltd. (See news release of February 6, 2017). The results of the Spring drilling program will be incorporated into an updated resource estimate and Technical Report to be completed over the next two months. The Spring diamond drilling program included three drill holes on the existing resource; one drill hole on the eastern extension of the deposit designed to intersect a series of parallel lepidolite-rich dykes; and one drill hole that was a step out geological exploration hole to the west. The main deposit consists of a large, zoned vertical pegmatite dyke averaging 20-30m in thickness that has been structurally flattened, accompanied by a swarm of narrower mineralized dykes of similar but variable lithium mineralogy. These dykes tend to be lepidolite-rich on both the east and west extensions. Lepidolite is a lithium mica typically containing 7-8% Li2O content while petalite typically contains 4-4.5% Li2O, but with no impurities. | |
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