The Conversation (0)
Avalon Provides Update on 2015 Work Program at East Kemptville Tin-Indium Project
Nov. 03, 2015 10:45AM PST
Industrial MetalsAvalon Rare Metals (TSX:AVL,NYSEMKT:AVL) provided an update on the $1.3 million work program at the East Kempville tin-indium project in Nova Scotia.
Avalon Rare Metals (TSX:AVL,NYSEMKT:AVL) provided an update on the $1.3 million work program at the East Kemptville tin-indium project in Nova Scotia.
As quoted in the press release:
This program includes diamond drilling on the three known mineralized zones, metallurgical process testwork and preliminary environmental assessment studies. The environmental and metallurgical work will be incorporated (along with the October, 2014 resource estimate) in a Preliminary Economic Assessment (“PEA”) scheduled for completion before November 30, 2015.
The current drilling program is designed to collect additional metallurgical sample material from the previously-mined Main and Baby Zones and test other known mineralized zones including the Duck Pond deposit to delineate additional economic resources for a feasibility study. An updated resource estimate will be prepared in early 2016 once all the results from the 2015 drilling have been received and compiled.
The 2015 drill program commenced on July 13th and to date seventeen drill holes have been completed for a total of 3,301 metres. This includes 8 holes on the Baby Zone, 4 holes on the Main Zone and 5 holes on the Duck Pond Zone. Costs are coming in under budget which will allow for at least 4 more drill holes in the program, focused on the northeast extension of the Main Zone, before the program is concluded later this month. Proposed drilling on the South Grid Zone has been deferred until 2016.
The assays for the eight holes drilled on the Baby Zone have been received and compiled. Results are in line with expectations and confirm continuity of the mineralized zone to depth. Highlights include intersections of 0.46% tin (Sn), 25.2 ppm indium (In) and 0.63% zinc (Zn) over 82.3 metres (EKAV-15-10), 0.23% Sn, 15.6 ppm In and 0.33% Zn over 36.25 metres (EKAV-15-09) and 0.25% Sn, 29.4 ppm In and 0.64% Zn over 18.67 metres (EKAV-15-11).1
Click here to read the full Avalon Rare Metals (TSX:AVL,NYSEMKT:AVL) press release.