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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: DRT who wrote (720)	4/23/1998 9:29:00 AM
From: DRT	Read Replies (1) \| Respond to of 1474

This is the article, I mentioned in Post #720. Its the news in brief, but it gives Avalon additional international exposure. ________ Mining Journal, London - April 17, 1998, Volume 330. No.8476 Headlines from Industry In Action: Development Separation Rapids Prefeasibility "Avalon Ventures Ltd. is to proceed with a prefeasibility study on the Separation Rapids rare metals prospect in Ontario. The property, located 60 km north of Kenora, hosts the Big Whopper petalite (a lithium mineral) mineralization zone, consisting of a number of pegmatite dykes up to 80 metres in width (Mining Journal, February 20, p. 145). A flotation process for recovery of the petalite has shown up to 92% recovery in rougher concentrate, and further test work is planned to improve on this. Follow-up drilling of the Big Whopper has confirmed continuity of mineralization, and continuation at depth. Exploration drilling of associated dykes, some of which are mineralized with lepidolite (a lithium-rubidium mica), has intersected tantalum mineralization of the highest grade so far found at Separation Rapids, at up to 0.164% Ta2O5, averaging 0.011% Ta205 over 15 metres with 0.728% Rb2O and 1.662% Li2O. Avalon expects the pre-feasibility study to begin in May, and a baseline environmental study on the property has been initiated, under the supervision of Knight-Piesold." __________ This is an interesting comparison, from the Mining Journal, "A consortium of Chinese companies is planning to construct a tantalum-niobium (columbium) mine in Fujian province... The Xiken mine, located in Namping City, has reserves of 3.85 Mt at a grade of 0.03 Ta205, covering an area of 16 sq. km, hosted by granite pegmatite." The Ta grade of this mine may be higher (based on AVL's results to date/pre-May drilling), but notice its half the total reserve size and spread over 16 sq. km. near a city. I'd take Avalon's deposit over this one anyday - low cost, North American location, no environmental concerns, etc!!! DRT