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Avalon Minerals Ltd.
Summary
| Project: | Tammela | |
|---|---|---|
| Deposit: | Satulinmaki | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2017: Avalon Minerals Ltd. announces an Exploration/Drilling Update report for its Satulinmaki deposit at the Tammela project. JV - Re-sampling of historic drill core - results incl. 12m @ 1.6g/t Au from 42m. The Directors of Avalon Minerals Limited | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Rohrlach (Internal) | |
| ABSTRACT: | The Directors of Avalon Minerals Limited (“Avalon” or “Company”) (ASX:AVI) are pleased to advise that an Induced Polarisation (IP) geophysical survey has commenced at the Satulinmäki gold prospect in southern Finland and assays from new sampling of previously unsampled intervals from historical drill holes have been received. Preliminary results from a portion of the IP survey area have been received and are showing anomalies in the area of previously drilled gold mineralisation. The IP survey is aimed at mapping the distribution of sulphide minerals that appear to define a broad envelope within which the gold mineralised structures occur. The IP survey was preceded by a review of lithogeochemical data from the prospect area which highlighted various associations between gold and sulphide minerals. The IP survey is expected to be completed in approximately 4 weeks (mid-late March). Planning is underway to follow the IP survey with a shallow diamond drilling program that will target definition of vein hosted gold mineralisation. A drilling rig has been secured and is expected to start in late March. Assays have also been received from several historical drill holes completed by the Finnish Geological Survey during the period 2000-2005. The holes were reviewed by the Avalon team in the government core storage facility, with many previously unassayed intervals showing alteration. The intervals were assayed by Avalon, found to be gold bearing, and continue to support the definition of a significant gold system at Satulinmäki. Avalon’s Managing Director, Malcolm Norris said: “We are pleased to be gearing up for the recommencement of drilling at Satulinmäki in the weeks ahead. Our initial round of drilling delivered some great results last year, demonstrating potential for a significant near-surface, high grade gold system”. | |
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