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Avalon Reports Drill Results from 2022-2023 Exploration Program at Separation Rapids
Toronto, Ontario--(Newsfile Corp. - June 1, 2023) - Avalon Advanced Materials Inc. (TSX: AV...
About this update from Avalon Advanced Materials Inc.
[{"type":"text","content":"Avalon Reports Drill Results from 2022-2023 Exploration Program at Separation RapidsToronto, Ontario--(Newsfile Corp. - June 1, 2023) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQX: AVLNF) (\"Avalon\" or the \"Company\") is pleased to announce final assays from the 2022-2023 drilling program at the Company's flagship Separation Rapids Lithium Project, confirming potential to significantly expand its lithium resource at depth. New significant intercepts shown below are from three of the four final drill holes.SR23-85: 1.56% Li2O over 47.71 metres (\"m\")SR23-91: 1.06% Li2O over 10.38m and 1.66% Li2O over 7.01m and 1.36% Li2O over 10.61mSR23-92: 1.47% Li2O over 3.42m and 1.14% Li2O over 4.35m and 1.49% Li2O over 4.52mThe assays for drill hole SR23-93 (the fourth hole) have confirmed the petalite mineralization to 566-metre depth increasing the potential depth of the deposit by 80%. The drilling has also confirmed that the deposit is open to the east and west, and to depth, over a 300-strike length, with similar grades to the current mineral resource estimate, supporting a conceptual target to double the size of the deposit through future drilling. \"These drill results truly demonstrate what our team has always believed - the resource at Separation Rapids is potentially much larger than what is currently understood,\" commented Rickardo Welyhorsky, Chief Operating Officer at Avalon. \"I am extremely excited to begin the next drilling program to reveal its true potential.\"Drilling Program Final Assay DetailsThe 2022-2023 drill program consisted of 12 drill holes on the existing resource and one vertical drill hole on the centre of the deposit; all 13 holes totalled 4,179m and was designed to examine the potential to expand mineralization to the east and west as well as the depth extent. Hole SR23-85 (see Figure 1) was one of six targeting either gaps in existing drilling (for 85) or below the current mineral resource estimate, with hole SR23-85 intercepting 1.56% Li2O over 47.7m (estimated true width). As a result, all six holes (SR23-81 to SR23-86) confirm that the deposit is open to depth. All drill holes will be used to update the existing mineral resource estimate, which is currently underway.Drill hole SR23-93 was drilled vertically to test the depth extent of the deposit (see Figure 2). This hole was terminated at 570m d...