daytrades april 18 pre-market, page-16

  1. 12,503 Posts.
    Mr AKM & GBG's next stock is shaping up

    AVI

    Ongoing exploration and resource development drilling has returned further
    outstanding results from the D Zone, including:
    o 18m @ 1.4% Cu and 35% Fe from 95m
    o 44m @ 1.2% Cu and 30% Fe from 58m
    o 19m @ 0.9% Cu and 26% Fe from 94m
     Drilling extends D Zone mineralisation north, south and at depth
     Drilling of new down plunge targets at D Zone now underway

    Ongoing DTR metallurgical test work provides further confirmation magnetite
    mineralisation can be upgraded to high-quality +70% Fe product with low
    impurities, intersections include:
    o 80m @ 71.1% Fe and 0.7% SiO₂ with 31% weight recovery from 89m
    o 20m @ 71.0% Fe and 0.8% SiO₂, with 36% weight recovery from 119m
    ?The good ore width, strong copper grade and quality of the iron ore concentrate from D Zone provide the potential for a low cost open cut mining operation,?


    above average Cu grades but good wide intervals + magnetite credits

    excellent DTR results on upgrading magnetite, very high grade Fe product can be produced + low impurities
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