AVENIRA LIMITED A total of 259 aircore holes were drilled for 20,147 metres. This comprised 247 holes for 19,134 metres, testing all accessible Priority 1 and 2 targets. Characteristic geological features of lithologies, structures, and alteration comparable to nearby gold projects, were identified in the Priority 1 areas.
An additional 12 holes were drilled for 1,013 metres to confirm the grades, lithologies, and structures from selected historic RAB intercepts. These targets include: cypIWR584: 8m @ 0 .64g/t Au from 28m including 4m @ 0.98g/t Au from 28m
gcmLVRB244: 8 m @ 5.74g/t Au from 32m, including 4m @ 11.3g/t Au from 32m
gcmMFRB133: 12m @ 0.35g/t Au from 32m, including 4m @ 0.85g/t from 32m
gcmSHRB36: 4m @ 9.68g/t Au from 84m, including 2m @ 12.90g/t Au from 85m
Widespread Alteration Logged
Geological logging has delivered encouraging indications in several holes drilled. Pervasive alteration, of a style that is conducive to gold mineralisation, has already been noted from the YaN18 target (announced
An intercept in Hole JSA20_293 (target YaN14) comprises nine metres (from 52m) of 3%-5% stockwork quartz veining with 5%-10% ferruginous veinlets interpreted as oxidised sulphides, within weathered (saprolitic) Intermediate volcanic rocks. There is a close association of the gold mineralisation at both the Jundee and Bronzewing gold mines with sulphides and quartz veining.
The intercept in Hole JSA20_296 (target YaN14) contains highly haematised material from 27m-32m, with 5% disseminated oxidised sulphide material and 2% quartz-(oxidised) sulphide veining.
Hematite and sulphide alteration indicate that the rock has been subject to inundation by hot mineralising fluids. These are an essential precursor to gold mineralisation, so are good indicators of gold potential. Analytical results are required to confirm the presence of gold mineralisation; these are pending
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