For thousands of other reports visit RSC's Mineral Intellingence Map
Avalon Advanced Materials Inc.
Summary
| Project: | Separation Rapids | |
|---|---|---|
| Deposit: | Separation Rapids | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 10/25/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing PEA | |
| Report details: | 25-10-2016: Avalon Advanced Materials Inc. announces a PEA report for its Separation Rapids deposit at the Separation Rapids project. Clarification of mineral resource estimate in PEA announcement. Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL an | |
| Resources: | ||
| CP/QP: | [Resources]: David Trueman (Not stated) | |
| ABSTRACT: | Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL and OTCQX: AVLNF) (“Avalon” or the “Company”) announces that as a result of a review by staff of the Ontario Securities Commission, it is issuing the following news release clarifying the disclosure in its September 27, 2016, news release related to its 100% owned Separation Rapids Lithium Project (the “Project”), Kenora, Ontario. The Company neglected to inform readers that the comprehensive technical report would be filed on SEDAR within 45 days of the date of the news release, prior to November 11, 2016. The Company clarifies the classification and tonnes of the feldspar by-product in relation to the lithium mineral resource estimate (which was originally reported as 8.0 Mt of Inferred Resources), will be classified in the PEA as 4.03 Mt of Measured Resources and 3.97 Mt of Indicated Resources, as well as an additional 1.63 Mt of Inferred Resources. A table of the resource estimate providing full details and notes is appended below. This clarification is partially the result of additional quantitative mineralogical work completed since the original estimate was completed. The revised estimate appended below utilizes the same assumptions and parameters with respect to commodity prices, mining method and other factors as given in the new release of September 27, 2016. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report