- Avira Resources (AVW) recently completed a field visit to the Yule River lithium project which is located within WA’s “lithium hotspot”
- During the site visit, Avira determined the best way to access the project, and field checked prospective pegmatites and outcrops with aerial imagery
- Avira found south-dipping pegmatites which it says are an “attractive” exploration target and further work is being undertaken to assess whether follow-up soil sampling or drilling is supported
- Company shares have ended the day trading flat at 0.6 cents
Avira Resources (AVW) has recently undertaken a reconnaissance field visit at the Yule River lithium project in Western Australia.
The Yule River project is situated in a region considered to be a “lithium hotspot” due to significant deposits such as the Wodgina lithium deposit which is located five kilometres away, and Pilbara Minerals’ (PLS) Pilgangoora lithium deposit which is about 30 kilometres from Yule River.
Interestingly, the project hosts the same rock types as the Wodgina deposit and sits along strike from multiple lithium-tantalum prospects and occurrences.
The field visit involved determining appropriate access, checking prospective structures with non-magnetic signatures seen in open source government data, and outcrops identified with aerial imagery.
Prospective pegmatites within the project were found to dip moderately to the south-southwest and have a true thickness of between five and 12 metres.
The company said the thick, parallel and shallow-dipping nature of the south-dipping pegmatites makes them an “attractive” exploration target. However, initial drill targets are yet to be defined.
Avira Resources will conduct geochemical vectoring and an analysis of the pegmatites. Once this is completed, it will reassess the untested portions of the outcropping and subsurface pegmatites to determine if soil sampling and/or drilling is required.
Company shares were trading flat at 0.6 cents at market close.