Just what was needed to get even more exploration appeal. We have all seen what has happened to stocks like SIR and SBR and AVB has a 2 very large high grade NiCu PGM targets open at strike at surface.
I am wrapped that they have decided to drill this in due course. The stock is trading at a super discount , so we have less than zero value for this upside. Who knows, it might even be bigger that what they have already found.
I think this sort of thing proves that AVB is sitting on many potential company making assets within their large land holding. Others like to talk about a ‘province’, while AVB already has the ‘province’ and lot’s of it.
Here is a little clip form their web site on the nickel.
Very High Grade Gossan, Sample AV-9778, Found at the Edge of Ultramafic Formations
Field reconnaissance and limited rock chip samples have confirmed the significant potential for the discovery of high grade nickel-copper-PGM sulphides. Strongly anomalous values included 1.95% nickel, 17.54% copper, 4.17g/t platinum, 12.19g/t palladium and 1.62g/t gold returned from rock chip AV-9778.
Mineralogical studies of fresh samples collected in the area have identified the primary sulphides as pentlandite (primary nickel ore mineral), chalcopyrite (primary copper ore mineral) and pyrrhotite, a key mineral assemblage observed in most nickel-copper-PGM deposits.
Local soil geochemical surveys over historical geophysical targets clearly show at least two strong and coincident nickel-copper anomalies trending west northwest over 1,000 metres. The sample results returned peak values of 1,843 ppm nickel and 1,391 ppm copper. Both anomalies are open on strike.
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