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Gold/Mining/Energy : AVL.V - AVALON VENTURES

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To: DRT who wrote (1290)	8/25/1999 7:21:00 AM
From: DRT	of 1474

Industral Minerals August 1999 NEWS ITEMS (Taken from the World of Minerals Section in Industrial Minerals) Positive results for Avalon's petalite Avalon Ventures Ltd has reported positive results on the pre-feasibility study conducted on its Big Whopper petalite deposit near Kenora, Ontario. Independent engineering consultant Micon International Ltd, which carried out the study, was quoted as saying that the project is viable and that Avalon should proceed to a full feasibility study. ________ (From the same publication, different market but for those interested, it demonstrates the continuing impact of Minsal SA on the lithium carbonate market.) ________ FMC suspends LiCO3 production Poor market conditions have forced FMC Corp. to halt its lithium carbonate production in Argentina until circumstances improve. ________ DRT

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