- Avenira (AEV) detects “promising” mineralisation in composite analytical results from its Jundee South gold project in Western Australia
- The company conducted a 23-hole reverse circulation drill program which aimed to test beneath existing anomalies
- It resampled anomalous intercepts for analysis, with results pending
- AEV will now plan follow-up reverse circulation and aircore drilling to take place in the fourth quarter
- Shares were trading in the grey at 1.3 cents each at 1:04 pm AEST
Avenira (AEV) has detected “promising” mineralisation in composite analytical results from its Jundee South gold project in Western Australia.
The company conducted a 23-hole reverse circulation (RC) drill program, for 4894 metres, which aimed to test beneath existing anomalies.
One of the best results from the four-metre composite samples included four metres at 7.29 grams per tonnes (g/t) of gold from 160 metres in JSRC_0021.
The company resampled composite assays which returned 0.1 g/t of gold or more for analysis, with results pending.
Executive Chairman Brett Clark said he was pleased with the results.
“While the assay results have been delayed due to backlogs at the laboratory, it is gratifying to see this promising mineralisation,” he said.
“We will now interpret these results and plan for the next stage of exploration.”
The company is planning to conduct follow-up RC and aircore drilling in the fourth quarter.
Shares were steady on the market and trading at 1.1 cents each at 1:04 pm AEST.