logo-loader
Mining
AVZ Minerals Ltd

AVZ Minerals extends strike ahead of 20,000 metre drilling program

The company estimates that the Carrier De l’est pegmatite is 5500 metres long.

Picture of lithium symbol on periodic table
High grades delineated at Carrier De L’est pegmatite could suggest upbeat drilling results

AVZ Minerals Ltd (ASX:AVZ) has intersected significant thicknesses of lithium-mineralised pegmatites within the Manono and Kitotolo sectors of its Carrier De L’est prospect.

The pegmatite is located in the Democratic Republic of Congo.  

The presence of lithium mineralisation within pegmatite in this area increases the all the best strike length of the Carrier De L’est pegmatite by some 750 metres.

Mapping has established that within the “extension corridor” the Carrier De L’est pegmatite outcrops within an area of approximately 100 square metres. 

The additional work also comprised pitting and grab sampling of pegmatites, and the results of these activities will come to hand in 2018.

High-grade samples collected from fresh pegmatite

Infill and extensional sampling that has been undertaken in recent months has progressively featured high-grade lithium mineralisation.

Results ranged from a minimum of 1.43% lithium to a maximum of 4.46% lithium for 12 samples collected from fresh pegmatite.

Consequently, results from the current sampling program will be much anticipated.

20,000 metre drilling program to commence in January

AVZ is of the view that the Carrier De l’est pegmatite is at least 5500 metres long.

This additional, potentially high-grade zone of 750 metres indicates that the full strike length of this pegmatite is, not fully defined.

Consequently, much hinges on the 20,000 metre drilling program that should be completed by circa March/April 2018.

Quick facts: AVZ Minerals Ltd

Price: $0.05

Market: ASX
Market Cap: $117.51 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

1 day, 22 hours ago

2 min read