Avalon receives first results from Swedish drilling

THE DRILL SERGEANT: Avalon Minerals has received assay results for the first hole of a four-hole drill program the company is currently conducting at its Viscaria project in northern Sweden.

The drilling returned an intersection of:

–    18.6 metres at 1 per cent copper from 450.4 metres (down hole intersection), including 7.8 metres at 1.9 per cent copper from 453.2 metres.

The company said the intersection has confirmed potential to increase its copper Mineral Resources on the Viscaria project.

“This intersection shows that the high-grade copper mineralisation which occurs within the AZone Mineral Resource extends at depth, which will allow Avalon to increase the company’s copper Mineral Resources on the Viscaria project,” Avalon Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.

“The intersection of 18.6 metres of copper mineralisation in the first completed hole is a very positive step.

“It provides us with valuable information to allow us to plan for a much larger drill program later in the year, the goal of which will be to significantly increase our high-grade copper Mineral Resources.”

 

Project location. Source: Company announcement

The four hole drill program is estimated to total 2,000m of diamond drilling, which is being divided between drilling at the southern section of A-Zone, targeting the plunging high copper shoots 600m below the surface and stepping out over 50m beneath the high grade shoots of D-Zone, at the 200 to 300m depth interval.

The drill program is being undertaken by two drill rigs and is expected to be completed in late May.