Proactive Investors - Run By Investors For Investors

AVZ Minerals receives strong drilling results at Manono Lithium and Tin Project in DRC

Ninety samples returned values greater than 2% lithium oxide with the highest grade being 4.65%.
AVZ Minerals receives strong drilling results at Manono Lithium and Tin Project in DRC
The project is 500 kilometres north of Lubumbashi in the south of the DRC

AVZ Minerals Ltd (ASX:AVZ) has received strong results from mineral resource drilling in two diamond holes at its Manono Lithium and Tin Project in the Democratic Republic of Congo.

The diamond holes were drilled at Carrier de l’Este returning an average grade of more than 2% lithium oxide and with drill core recovery of more than 97% in the pegmatite.

Results confirm the continuity of the Carriere de l’Este pegmatite under alluvial cover and shallow dipping high-grade intersections present within wider zones of well-mineralised spodumene pegmatite.

READ: AVZ Minerals’ scoping study reveals US$1.6 billion net present value for lithium project in DRC

AVZ Minerals managing director Nigel Ferguson said: “These last two holes drilled at Carriere de l’Este are of the same lithium grade tenor and intersection widths as those reported on previously.

“Both holes 5 and 6, have drilled through high-grade zones averaging over 2% lithium oxide mineralisation which was also seen on holes spaced 200 metres along strike.

“Hole 5, for example, generated 56 by 1-metre assays greater than 2% lithium oxide with a maximum value in one sample of 3.97% from 166 to 167 metres deep.

“In excess of 50% spodumene”

“Hole 6 was comparable with 97 samples returning values greater than 2% including five individual samples grading greater than 4% lithium oxide which equates to each of the five samples containing in excess of 50% spodumene.

“The highest value from hole 6 was from 181 to 182 metres downhole and reported 4.65% lithium oxide.”

“Higher-grade zones within well-mineralised pegmatite”

Ferguson said: “Carriere de l’Este is unlike Roche Dure in that it has higher grade zones within well-mineralised pegmatite.

“Depending on future drilling, this may open up possibilities for high-grade blending with Roche Dure mineralisation to shorten payback periods and is definitely worth considering as we move through the mining study phase currently underway.”

View full AVZ profile View Profile

AVZ Minerals Ltd Timeline

Related Articles

A map of the Wa project in far northwest Ghana along the border with Burkina Faso
March 06 2019
The JV partners also plan to make an investment decision on the Ghanaian project this year.
The Predictive-Toro joint venture projects are in the country’s north
February 22 2019
The company’s JV with Toro is producing results on the exploration front.
1553096936_W-Resources---Michael-Masterman.jpg
March 21 2019
W Resources is about to make a name for itself as a serious European-based supplier of tungsten

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use