Avenira Limited (ASX: AEV) (Avenira or the Company) advises the following updated information in relation to the announcement made on 23 September 2020 regarding the progress of the drilling program at the Jundee South Gold Project.
This program has been designed to test eight Priority 1 targets and six Priority 2 targets identified from the recently completed assessment of all available geologic, geochemical and geophysical information obtained on the Jundee South Gold Project.
Initial drilling observations demonstrate Avenira is on the right track
Pervasive sericite (white mica) alteration of moderate intensity (30-70%)
Pervasive carbonate alteration of weak intensity (10-30%)
1% of oxidised stockwork-textured sulphide veining with inclusions of quartz-carbonate veining
20% of semi-massive pyrite forming a selvedge around the oxidised stockwork veining
Alteration products form a halo around the stockwork veining
Cautionary Statement: Determination of the alteration, deformation, vein features and mineralisation discussed above is based on visual observations by suitably qualified geologists. Features by their very nature may or may not contain gold mineralisation due to the multi-phase veining, deformation and veining events present in the geological terrane being explored. Observations are based on a 50g subsample of >2mm chips taken from approximately 6kg of material generated from each metre of drilling. These observations therefore may not be representative of the sample as a whole.
Contact:
Brett Clark
Tel: +618 9264 7000
About Avenira
Avenira is listed on the Australian Securities Exchange under the code AEV. Avenira is a West Australian headquartered mining and exploration company with a focus on gold and phosphate projects in Australia. In addition to the Jundee South Project, Avenira will also continue to review various precious metals projects in Australia as they are presented to the Company.
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