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Avalon Minerals Ltd.
Summary
| Project: | Tammela | |
|---|---|---|
| Deposit: | Satulinmaki | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 11/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2016: Avalon Minerals Ltd. announces an Exploration/Drilling Update report for its Satulinmaki deposit at the Tammela project. JV with Nortec Minerals - drilling results incl. 147.0m @ 0.8g/t Au from 73m. Avalon Minerals Ltd (ASX: AVI) (‘Avalon’) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Bruce Rohrlach (Internal) | |
| ABSTRACT: | Avalon Minerals Ltd (ASX: AVI) (‘Avalon’) is pleased to report compiled assays from the recently completed scout diamond drilling program at the Satulinmäki Prospect, southern Finland. Avalon completed seven diamond drill holes for 1,401.6m. The deepest hole, SMDD003, explored to only 200m below surface and was in anomalous gold levels at that depth. Historical diamond drilling by the Geological Survey of Finland (GTK) was undertaken from 2001 to2005 and comprised 60 holes for 4727m. The GTK drilling did not explore below 70m. Detailed review of results has highlighted multiple intervals above 1 g/t, and other highly anomalous intervals in areas of very limited drilling. Additionally, not all intervals were sampled by GTK and Avalon has commenced an assaying program to test these other structures. Within the main system, gold mineralisation has been identified as narrow high grade zones within quartz veins and breccias, and as wide low grade intervals within veined and altered rock. Figures 1 and 2 below illustrate the currently interpreted structures and assay results at two different elevations. Figure 2 shows very clearly the sparsity of drilling below 55m depth, and hence the opportunity to expand the gold mineralised area with further drilling. The gold system currently extends over an area of 350m x 400m and has only limited drilling below a depth of 80m. It is open in all directions. There is clear evidence of likely extensions to the northeast and southwest, and an historic working from the 1980’s was found in the southeast corner which has seen only one historic drill hole as follow-up. | |
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