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78.0¢ avz minerals limited

Running Commentary on the SP Movements., page-5258

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660 Posts.

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08/11/17

10:44

Post #: 28596495
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Originally posted by 8horse ↑

AVZ holds 60% of the Manono Project, funding expenditure to completion of a feasibility study

Project covers about 188km2 in southern Democratic Republic of Congo (DRC)

Hosts lithium pegmatites with a strike length of 13km+

Outstanding results received from AVZ’s initial drilling program at Manono in 2017, including 235.0m @ 1.66% Li2O, 202.8m @ 1.57% Li2O and 250.9m @ 1.48% Li2O.

The Manono Extension Project (100% owned) comprises two granted exploration permits (PRs 4029 and 4030) covering 242.25km2 and surround the Manono Project licence.

Within the project, there are two primary targets delineated from the photo-geological interpretation (completed in 2014) that potentially represent the strike extensions of the Manono pegmatite to the SW and to the NE:

SW Extension Target: A mapped pegmatite body of about 800m strike length and 200m wide, the SW target is a very highly weathered Calcic feldspar (albite)-quartz-muscovite pegmatite with parallels in mineralisation characteristics to the main Kitotolo pegmatites which may represent the southern extension to the main Kitotolo orebody.

NW Extension Target: A well-developed lateritic cover under soil, with laterite believed to be 2-3m thick and a laterite developed in an east-west orientation measuring 2km by 1.5km.

Expand

Originally posted by 8horse ↑

AVZ holds 60% of the Manono Project, funding expenditure to completion of a feasibility study

Project covers about 188km2 in southern Democratic Republic of Congo (DRC)

Hosts lithium pegmatites with a strike length of 13km+

Outstanding results received from AVZ’s initial drilling program at Manono in 2017, including 235.0m @ 1.66% Li2O, 202.8m @ 1.57% Li2O and 250.9m @ 1.48% Li2O.

The Manono Extension Project (100% owned) comprises two granted exploration permits (PRs 4029 and 4030) covering 242.25km2 and surround the Manono Project licence.

Within the project, there are two primary targets delineated from the photo-geological interpretation (completed in 2014) that potentially represent the strike extensions of the Manono pegmatite to the SW and to the NE:

SW Extension Target: A mapped pegmatite body of about 800m strike length and 200m wide, the SW target is a very highly weathered Calcic feldspar (albite)-quartz-muscovite pegmatite with parallels in mineralisation characteristics to the main Kitotolo pegmatites which may represent the southern extension to the main Kitotolo orebody.

NW Extension Target: A well-developed lateritic cover under soil, with laterite believed to be 2-3m thick and a laterite developed in an east-west orientation measuring 2km by 1.5km.

Expand

Thank you both for the prompt replies. I was just concerned that should AVZ remain a going concern after any t/o of the Manono project then any monies received may not go direct to shareholders.
AVZ Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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