Notice of Meeting out. Mathew Wood same Chairman from Avanco is going up for reelection.
WATCH THIS SPACE. RESULTS ARE PENDING FROM RECENT DRILLING PROGRAM
Drilling returned "exceptional" results, including:
- 3 metres at 50.59 g/t gold, 4.0% copper & 31.3 g/t silver from 6 metres (DL_12_RC) - 9 metres at 10.45 g/t gold, 0.8% copper & 16.8 g/t silver from 11 metres (DL_04_RC) - 9 metres at 10.40 g/t gold, 0.9% copper & 14.3 g/t silver from 10 metres (DL_10_08_RC)
Drilling was targeted at testing trenching results, which included:
- 12 metres at 8.7 g/t gold, 24 g/t silver and 0.67% copper - 10 metres at 7.8 g/t gold - 15 metres at 5.4 g/t gold, 22 g/t silver and 0.5% copper
A further RC drilling programme is now being planned to test strike extensions, down dip continuity and other mineralised areas that have been identified from previous trenching.
Drilling has also indicated that the mineralisation is shallow dipping as opposed to the previous interpretation from mapping that indicated the system was steeply dipping.
In addition, Mineralisation remains open to the north west and south east. Drilling is currently being planned to recommence in August.
The company will also drill test a number of targets outside of the main hinge zone. This includes the central zone, where drilling has returned up to 3 metres at 6.28 g/t gold and the southern zone, where trenching has returned 10 metres at 7.8 g/t gold and 3 metres at 19.4 g/t gold.
VAL Price at posting:
3.7¢ Sentiment: LT Buy Disclosure: Held
