AVZ Minerals Limited provide an update on its activities at the Manono Lithium Project in the Democratic Republic of Congo (“DRC”), including progress of the initial 20,000m resource drilling program.
The announcement accompanies the Price Query Response, and contains drilling intercept information for recent holes drilled, of which images of drill core were recently circulated on social media by Mr Michael Langford of Airguide International Pte Limited, AVZ’s strategic advisor regarding Chinese relationships. The circulation of those images was not authorised by AVZ. AVZ advises that investors should not rely on those images as a basis for any investment decision about AVZ shares and should await AVZ reporting assay results for MO18DD001, 002, 003, 004, 006, 007 and 008.
The Company is also pleased to confirm that the drilling at its present rate will allow an initial JORC resource calculation by the end of the June quarter 2018. Following completion of drillholes MO18DD001 and MO18DD002, reported on 19 February 2018 and 6 March 2018 respectively, progress has been made with the completion of six additional drill-holes.
AVZ’s Executive Chairman Klaus Eckhof commented “Ongoing resource drilling of the Roche Dure pegmatite is gaining momentum with four drill rigs operational on site and a further one rig enroute to site. This additional drilling ability will allow AVZ to complete the initial 20,000m program of resource drilling in a timely manner. Core recovery has been excellent to date with nearly 100% core being recovered. Geological logging of the core has proven yet again that the Manono Lithium Project is world class in size.”
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