- Avira Resources (AVW) has been granted an exploration licence at the Mount Macpherson project in Western Australia
- Additionally, the company expects the Throssell Range application to be granted in the next quarter
- A field team has been mobilised to Mount Macpherson and it will undertake soil geochemistry, rock-chip sampling, and geological mapping
- Avira has also engaged NRG Australia to undertake an airborne geophysics survey
- Based on results from these programs, the company is aiming to undertake drilling programs in the fourth quarter
- Avira is up an even 10 per cent today and shares are trading for 0.6 cents each
Avira Resources (AVW) has been granted exploration licence E45/5572 at the Mount Macpherson project.
Additionally, Avira expects the Throssell Range application to be granted in the next quarter.
These projects are located in the Paterson Range of Western Australia and are situated between the $32 million joint venture (JV) project between IGO and Metals X, and the $15 million JV between IGO and Encounter Resources.
This agreement between IGO and Metals X will see IGO fund up to $31 million in exploration over 6.5 years to acquire a 70 per cent interest in Metals X's Paterson Exploration Project.
Both Mount Macpherson and Throssell Range are considered prospective for intrusion related mineralisation, similar to that seen at the Telfer, Nifty, and Aria gold and copper deposits.
A field team has been mobilised to Mount Macpherson and it will undertake soil geochemistry, rock-chip sampling, and geological mapping.
Avira has also engaged NRG Australia to undertake an airborne geophysics survey.
"We are very pleased we have reached agreement on both projects with the Western Deserts Lands Aboriginal Corporation (Jamakurnu-Yapalinkunu) and have been granted the exploration licence for Mount Macpherson," Executive Director David Deloub said.
"The initial phase of exploration will commence immediately and we are looking forward to drilling prospective targets generated from this work later this year," he added.
The team will undertake a soil sampling program to outline a data set of base metal and pathfinder geochemistry in areas of outcrop and sub-outcrop areas.
Results are expected in four to six weeks and they will provide an understanding as to whether any conductive bodies are associated with hydrothermal mineralisation.
Airborne EM survey
NRG Australia will undertake an airborne electromagnetic (EM) survey to identify prospective conductors, and outline areas of interest for future drilling programs.
Crew and equipment are expected to start arriving on mid-July and results will be available within four to six weeks.
Following results from the geochemistry and EM survey programs, Avira intends to undertake drilling at the projects.
The company expects this to begin early in quarter four of 2020 or when statutory approvals, land access, and heritage clearances are received.
Avira is up an even 10 per cent today and shares are trading for 0.6 cents each at 12:54 pm AEST.