Avalon Minerals hits thick Swedish copper

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THE DRILL SERGEANT: Avalon Minerals has completed the third hole, of a four-hole drill program, currently underway at the company’s Viscaria project in northern Sweden.

The drilling is testing for extensions of high-grade copper mineralisation at the project’s A and D Zone Mineral Resources.

 

Location of Drill Hole VDD0127, as well as previously drilled VDD0125 and VDD0128. Source: Company announcement

“All three drill holes completed to date have intersected mineralised intervals from 15 metres to 55 metres down hole thickness and within those broad intervals, zones of high-grade copper also occur,” Avalon Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.

“The results from these three drill holes have greatly increased our confidence in being able to follow the higher grade zones of copper mineralisation at depth.”

“Drill hole VDD0127 intersected a zone of 21.4 metres (down hole width) of copper mineralisation, which is another very positive result.”

Avalon said it expected geochemical assay data for hole VDD0127 to be available in approximately four weeks’ time.

The hole intersected copper mineralisation over 21.4m down-hole, with the best copper mineralised intervals extending from 766.9m to 770.4m and 782.7m to 786.0m down-hole as follows:

–    766.9m – 770.4m (5.2m down-hole width) – Massive to moderately abundant disseminated chalcopyrite, blebs, veinlets and stringers.

–    782.7m – 786.0m (3.3m down-hole width) – moderately abundant disseminated chalcopyrite, blebs, veinlets and stringers.

This hole was drilled outside of the currently defined Mineral Resource envelope at the A Zone prospect.

The current Mineral Resource for A Zone comprises 21.6 million tonnes at 1.5 per cent copper and is classified as having 14.4 million tonnes at 1.7 per cent copper Measured, 4.7 million tonnes at 1.2 per cent copper Indicated and 2.5 million tonnes at 1 per cent copper Inferred.

The four hole drill program at the Viscaria project is targeting plunging high-grade copper shoots 600m below the surface and stepping out approximately 30m to 50m beneath high-grade shoots at the 200m to 300m depth interval.

Drilling of the final hole is currently in progress at D Zone, which the company anticipates will be completed by mid-June 2012.