Announcement Date: 2022-06-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Avenira Ltd.
Project name: Jundee South
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 7.29g/t Au from 160m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Avenira Limited (ASX:AEV) (Avenira or the Company) is pleased to announce it has received all composite analytical results from the Reverse Circulation (RC) drilling program completed at Jundee South (the Project) during Q4 of 2021. This program comprised 23 RC holes for 4,894m. Figure 1 shows the locations of holes drilled and anomalous intersections identified. Resampling of the individual metre samples contained in the anomalous intercepts detailed in Table 1 have been completed and samples submitted for analysis. The intercept is a down-dip bedrock extension of the targeted anomaly in gcmDTRB289 (4m @ 0.87g/t Au). The intercept is at a contact between two Intermediate porphyries, one being hematite rich. The contact is distinguished by weak disseminated pyrite and quartz veining. The anomaly appears to sit along a magnetic high which links to the historic anomaly of 4m @ 0.63g/t Au 640m to the SE. The anomaly is hosted within a felsic porphyry with minor quartz veining. The anomaly lies on a 1200m long zone of anomalism which parallels but is offset from a highly magnetic feature. Potential exists on the SE half of this trend where little drilling has been undertaken. Potential also exists at depth with the anomaly being at the bedrock interface.
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