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AVZ Minerals (ASX:AVZ) - Managing Director, Nigel Ferguson - The Market Herald
Managing Director, Nigel Ferguson
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  • AVZ Minerals (AVZ) has received assay results from another two holes completed as a part of resource drilling below the historical pit at Roche Dure
  • The site is within the company's Manono Lithium and Tin Project in the Democratic Republic of Congo
  • Both of the holes encountered pegmatite from the pit floor and confirmed strong spodumene mineralisation from the top of the holes
  • Samples are being prepared to be sent to Perth for analysis and the results will contribute to a mineral resource update
  • Shares last traded at 20.5 cents

AVZ Minerals (AVZ) has received assay results from another two holes completed as a part of resource drilling below the historical pit at Roche Dure.

The site is within the company's Manono Lithium and Tin Project in the Democratic Republic of Congo.

Both of the holes encountered pegmatite from the pit floor and confirmed strong spodumene mineralisation from the top of the holes.

Hole MO20DD005 intersected 173 metres at 1.63 per cent lithium dioxide at 1134 parts per million (ppm) tin, while hole MO20DD009 hit 95 metres at 1.52 per cent lithium dioxide and 1057ppm tin.

"These latest two drill results from the ‘wedge’ provide us with further confidence about the thickness and tenor of the mineralised pegmatite on the Roche Dure pit floor," said Managing Director Nigel Ferguson.

"We have now completed our targeted drill program of the pit floor ‘wedge’ with logging of all holes demonstrating thicknesses of pegmatite consistent with our current geological model."

Samples from the program are being prepared to be sent to Perth for analysis. The data from testing will contribute to a mineral resource update.

"Our mine study will then be updated and our mining optimisation study refreshed using new data from multiple studies that have been completed since our original Definitive Feasibility Study published last year," said the Managing Director.

AVZ reported results from the first four holes from the nine-hole program completed earlier this month.

Shares last traded at 20.5 cents.

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