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Avira Resources Ltd.

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Summary

Project:

Pyramid

Deposit:Gettysberg
Location:Australia
Commodities:Gold
Date:5/16/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:16-5-2018: Avira Resources Ltd. announces an Exploration/Drilling Update report for its Gettysberg deposit at the Pyramid project. Drilling results incl. 20m @ 1.59g/t Au from 58m. Avira Resources Limited (ASX: AVW) (Avira or the Company) has completed it
Resources:x
CP/QP:[Overall Report]: Ian Prentice (Independent)
ABSTRACT:Avira Resources Limited (ASX: AVW) (Avira or the Company) has completed its phase 1 reverse circulation (RC) drilling program at the Gettysberg Prospect (Gettysberg), part of its wholly owned Pyramid Gold Project (EPM12887) in the highly productive Drummond Basin of Queensland. The drilling program was planned and managed by Terra Search Pty Ltd (a Townsville based minerals exploration contractor). The phase 1 RC program consisted of four (4) holes for 550m (see Figure 1 and Table 1 for collar details). The drilling program was designed to infill and extend the previously defined mineralisation at Gettysberg, using the updated 3D model of the Gettysberg, which combined structural and lithological mapping and re-evaluation of two diamond core holes drilled in 2015, to identify areas of mineralisation with scope for extensions to known lenses and shoots. Gettysberg was previously drilled by the Company in 2012 and 2015. The Company is part way through a multi-phase exploration program to evaluate and progress its wholly owned Pyramid Gold Project. Avira has completed the phase 1 RC drilling program at Gettysberg as planned, with four (4) holes drilled for a total of 550m. All holes intersected moderately silicified sandstone sequences with narrow intervals of shale, 1 to 5m wide, throughout. The sandstone sequence demonstrated silica and sericite alteration with weak zones of disseminated very fine grained pyrite. Minor mm to cm scale quartz veins were identified in all drill holes, with chlorite alteration (+/- pyrite) present in quartz vein rich areas. Shale sequences were generally unaltered and unmineralised, Based on the 3D modelling completed by Terra Search Pty Ltd, the Gettysberg mineralisation has been divided in to Zones 1 to 3, numbered from south to north.

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