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Avenira Ltd.
Summary
| Project: | Baobab | |
|---|---|---|
| Deposit: | Baobab | |
| Location: | Republic Of Senegal | |
| Commodities: | Phosphate | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2017: Avenira Ltd. announces an Exploration/Drilling Update report for its Baobab deposit at the Baobab project. Drilling results incl. 11m @ 27.8% P2O5 from 30m. Avenira Limited is pleased to advise following receipt and validation of relevant analy | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Russel Fulton (Internal) | |
| ABSTRACT: | Avenira Limited is pleased to advise following receipt and validation of relevant analytical data from exploration activities carried out on Avenira Limited’s 80%-owned Baobab Project located in the Republic of Senegal, the Company provides the following market update. 500 metre x 500 metre grid-spaced drilling in and around the Dinguiraye and Gad Escale prospects has upgraded their prospectivity and further infill drilling is now planned. 500 metre x 500 metre grid-spaced infill drilling adjacent to the west of the current Inferred Resource in the Gandal area has returned significant intersections at relatively shallow depths and warrants further infill drilling. Additionally, regional exploration drilling programs conducted over the past few months have demonstrated the widespread presence of phosphate mineralisation across the eastern part of the Baobab tenement and identified several areas that warrant further investigation. Avenira Chairman Chris Pointon said, “These results are very encouraging. They demonstrate the validity of our geological models, and support Avenira’s longer term objective of developing the Resources to underpin expansion of our operations and developing a major phosphate business in Senegal.” | |
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