Avalon plans March-April drilling in Sweden

THE DRILL SERGEANT: Avalon Minerals (ASX: AVI) has advanced the two most prospective copper-gold regional exploration prospects, Tjarro and Tjavelk, on the company’s Viscaria project in northern Sweden to drill-ready status.

The promotion follows the receipt of results from a helicopter electromagnetic/magnetic survey completed by Avalon of its regional exploration tenements in mid-2012.

The company has designed 3D modelling of these results, from which drill holes have been planned to test the source of the combined EM/magnetic anomalies.

 

Location of Avalon’s regional prospects. Source: Company announcement

 

“The Tjarro and Tjavelk targets generated from the Heli-EM/Mag survey data are high quality regional exploration targets being coherent and coincident electromagnetic and magnetic anomalies which are very clearly anomalous from the surrounding geology,” Avalon Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.

“The coincidence of the magnetic and EM anomalies with highly anomalous copper and gold surface geochemistry and historic drilling results adds to their prospectivity and is extremely encouraging.

“This has been the result of three years of successful exploration work which we remain very excited about and has significant potential.”

Avalon said it anticipates this drilling will be completed in late March-April this year, following consultation with stakeholders and gaining approval of the drill program by the various Swedish regulatory bodies.

The company outlined the aim of this upcoming drill program will be to intersect new bodies of copper-gold or copper-magnetite mineralisation.

Avalon intends prioritising prospects it considers could possibly be mined and trucked to the processing plant it is planning to build at the A Zone and D Zone prospects in the south-west corner of its Viscaria project tenement package.