Avalon Rare Metals Reports Initial Resource Estimate for East Kemptville

Avalon Rare Metals (TSX:AVL) reported its first resource estimate for its East Kemptville tin-zinc-copper-indium project in Nova Scotia. The estimate will be used to complete a preliminary economic assessment for the project.

As quoted in the press release:

The estimated Indicated Mineral Resources are 18.47 million tonnes averaging 0.176% tin, 0.173% zinc and 0.064% copper and the estimated Inferred Mineral Resources are 16.95 million tonnes averaging 0.148% tin, 0.122% zinc and 0.062% copper at a 0.10% tin cutoff grade, as more fully detailed in Table 1 below.

This resource estimate will be used to complete a Preliminary Economic Assessment (“PEA”) to confirm the business case for proceeding with a comprehensive Feasibility Study to evaluate the potential for re-starting tin-zinc-copper and potentially indium production at East Kemptville. The PEA will be prepared by Hains Engineering Company Limited of Toronto (“Hains Engineering”) and is targeted for completion by the end of this calendar year.

Click here to read the Avalon Rare Metals (TSX:AVL) press release