Avalon Minerals scores high lithium grades in Finland

THE DRILL SERGEANT: Avalon Minerals (ASX: AVI) reported initial assay results from drilling being conducted at the company’s high-grade Kietyönmäki lithium deposit in southern Finland.

Assay results from diamond drill hole KMDD001 have returned (downhole widths):

42.1 metres at 1.05 per cent lithium oxide (Li2O) from 17.9m downhole;

– including 24.2m at 1.44 per cent Li2O from 17.9m downhole;

– including 9m at 2.00% Li2O from 29m downhole.

Avalon said a total of six holes have been drilled to date, which it claims to have confirmed a high-grade spodumene bearing pegmatite dyke swarm.

Peak one metre interval assays returned from KMDD001 came in at up to 2.5 per cent Li2O over intervals 25 to 26m, 37 to 38m, and 59 to 60m.

“We are pleased to have obtained these high-grade results in our first hole, which are consistent with our expectations, and confirm that the Kietyönmäki lithium project has the potential to evolve into a significant lithium project,” Avalon Minerals managing director Malcolm Norris said in the company’s announcement to the Australian Securities Exchange.

“There’s some work we need to do to better understand the geology, however we are off to a very solid start of our exploration program.”

Avalon indicated it expects assay results from the other holes drilled at Kietyönmäki will continue to be reported as they are received during September and October.

Email: info@avalonminerals.com.au

Website: www.avalonminerals.com.au