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Avira Resources (ASX:AVW) - Non Executive Chairman, David Wheeler
Non Executive Chairman, David Wheeler
Source: Business News
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  • Avira Resources (AVW) has pegged five exploration licenses which make up the Wyloo Project in the Ashburton Basin of WA
  • The Wyloo Project covers 586 square kilometres and is prospective for epithermal gold, silver and copper mineralisation
  • It also complements Avira’s existing Mount Macpherson Copper Project which lies within the Paterson Range province of WA
  • Avira has begun compiling regional data and data from sparse historical field work ahead of an exploration program
  • Exploration is expected to begin in the next few weeks and will initially include geological studies
  • Avira’s shares are trading flat at 0.5 cents

Avira Resources (AVW) has pegged five exploration licenses in the Ashburton Basin of Western Australia.

The five exploration licences make up the Wyloo Project which covers 586 square kilometres and is prospective for epithermal gold, silver and copper.

This mineralisation style is similar to that at the Mount Clement gold deposit, which is also located in the Ashburton Basin. Mineralisation at Mount Clement occurs in a 600- to 700-metre-long and 200- to 300-metre-thick section of the Wyloo Group sediments.

The exploration licences include the Tajeri Bore, Mount Edith, Gilba Bore, Boolaloo, and Thowagee Well tenements.

“The Wyloo Project is an exciting greenfields exploration opportunity developed from a review of recent Geological Survey of Western Australia research into the Ashburton Basin gold deposits,” Executive Director David Deloub said.

The project also complements Avira’s existing copper project, Mount Macpherson, which is located in WA’s Paterson Range.

Avira Resources has begun compiling regional datasets and data from sparse historical field work ahead of an exploration program.

Initial exploration is expected to begin in the next few weeks and will start with a site visit to investigate and ground truth the geology and develop targeting concepts.

“In a highly competitive exploration environment, Avira has secured a substantial ground position in an emerging gold/copper province,” David concluded.

Avira’s shares are trading flat at 0.5 cents at 1:32 pm AEDT.

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