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Avalon Minerals Ltd.
Summary
| Project: | Viscaria | |
|---|---|---|
| Deposit: | Viscaria | |
| Location: | Sweden | |
| Commodities: | Copper-Gold | |
| Date: | 6/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2017: Avalon Minerals Ltd. announces an Exploration/Drilling Update report for its Viscaria deposit at the Viscaria project. Drilling results incl. 5.6m @ 0.88% Cu from 49.6m. Avalon Minerals Limited (“Avalon” or “Company”) (ASX:AVI) is pleased to pr | |
| 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 provide results from recently completed diamond drill holes at the Viscaria Copper Project in northern Sweden. Drill hole VDD 197 was drilled into ‘Target 3’ (see ASX release dated 20 Feb 2017), also referred to as A Zone East. The A Zone East target comprises a string of magnetic anomalies over a strike length of 3km (Figure 1) with minor copper mineralisation reported from historical drill holes. The hole intersected two zones of copper-gold mineralisation which appear to correlate with outcropping copper-gold mineralisation of similar style 1km to the north east. Outcropping mineralisation has returned samples with 1.65% Cu and 8.28g/t Au, and 1.55% Cu and 0.52g/t Au from altered and veined rocks adjacent to granites. The zones in VDD 197 comprises graphite-magnetite-sulphide brecciated rock and chalcopyriteveined rock within domains adjacent to a granite intrusive. VDD 197 intersected a peak interval of 1m at 1.31% Cu and 0.2g/t Au, within 4m at 0.43% Cu and an interval of 6.1m at 0.27% Cu, including 1.1m at 0.68% Cu and 0.45g/t Au. Importantly, this mineralisation is potentially related to that defined to the south at Nihka prospect (see ASX announcements dated 9th April and 13th May 2015), and to the north at Bahpagobba and West Nukutus (see ASX announcement dated 10th June 2015) where copper-gold domains have been defined with limited drilling in altered rocks that show similarities to Iron Oxide Copper Gold systems, and similar to the Pahtohavare-style mineralisation located 8km south within the same belt. | |
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