AEV 9.09% 1.0¢ avenira limited

confirmation of funding, page-21

  1. 8,435 Posts.
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    "The very least they could have been doing is drilling to increase the size of JORC resource."

    according to the last quarterly they've been doing just that, must be a new jorc due sometime. "100km strike length"

    "The 2010 Stage 1 programme of some 3,372m of RC drilling was completed. It aimed to
    test the ?Exploration Fairway?, particularly to the west and north of the Main Zone and
    Arruwurra. At a 10% cut-off, drilled mineralisation extends over a strike length of about
    100km, and is open to the west and south. At an average width of about 10km, the drilled
    mineralisation now covers about 1,000km2 or 250,000 acres.
    Only about 15% has been drilled sufficiently intensely as yet to enable JORC or NI43-101
    resource estimations, but those sub-areas contain an estimated 620Mt @ 18% P2O5 using a
    10% cut-off, totalling the Indicated (289Mt @ 18.5% P2O5) and the Inferred categories
    (331Mt @ 17% P2O5) (refer Figure 5).
    Drilling is expected to resume during the current quarter, once Sacred Site Clearances are in
    hand, and will be focussed on the North West area, where mineralisation was found
    relatively close to surface and adjacent to the Barkly Highway. As a potential first feed
    source to either a beneficiation plant or a dry kiln phosphoric acid operation, the area may
    represent superior mining economics compared to the presently drilled out Main Zone and
    Arruwurra deposits."
 
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