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Avalon Minerals Ltd.
Summary
| Project: | Viscaria | |
|---|---|---|
| Deposit: | Viscaria | |
| Location: | Sweden | |
| Commodities: | Copper-Gold | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-6-2017: Avalon Minerals Ltd. announces an Exploration/Drilling Update report for its Viscaria deposit at the Viscaria project. Drilling results incl. 13.4m @ 1.06% Cu from 265.0m. Avalon Minerals Limited (“Avalon” or “Company”) (ASX:AVI) is pleased to | |
| Resources: | (Resource, Total): 52.4Mt @ 1.2% Cu for 608900t Cu contained at project | |
| CP/QP: | [Overall Report]: Dr Bruce Rohrlach (Internal) | |
| ABSTRACT: | Avalon Minerals Limited (“Avalon” or “Company”) (ASX:AVI) is pleased to announce another high-grade copper intersection from the D Zone at its Viscaria copper project in Sweden. The result is the third high-grade copper intersection in a row from outside the immediate D Zone resource at Viscaria. Avalon believes this hat trick of strong results will help underpin a significant resource upgrade at Viscaria. Avalon Managing Director Malcolm Norris said: “This result is very significant as each hole we have drilled outside of the current Viscaria D Zone mineral resource, targeting higher grade shoots has delivered >2% copper. We have a 100% hit rate with 3 from 3 holes, VDD 195, VDD 196 and VDD 200, intersecting >2% copper. The southern extension of D Zone is now open for additional drilling, and the even more extensive 4km long D Zone South target is now the highest priority target in the Viscaria district. We are very bullish on enhancing the Viscaria mineral resource base.” About Avalon Avalon has an advanced portfolio of exploration and development projects in Scandinavia and Ecuador. The portfolio comprises: The Viscaria Copper Project in northern Sweden has a completed Scoping Study (see ASX announcements dated 16th December 2015 and 5th April 2016) and is moving towards PFS and permitting to allow for mine development. The project has a mineral resource estimate of 52.4 Mt at 1.2% Cu (see Table 1 below). Considerable exploration upside exists and low technical risk drill targets continue to be tested. | |
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