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REGIONAL EXPLORATION

Avalon also holds a 100% interest in over 584km2 of regional exploration tenements in the Kiruna district. These tenements are prospective for a range of deposit styles containing copper, gold, silver, zinc and iron ore. A prospectivity analysis of these tenements was completed and priority prospects were identified for further in depth analysis.

Avalon flew a combined helicopter Electro-Magnetic survey (Heli-EM) and Magnetics (MAG) survey covering the priority prospects identified during the prospectivity analysis (Figure 1). The results from the Heli-EM show several significant zones of conductivity exist in areas that were previously identified as priority prospects.

Tjärro  

The Tjärro prospect is defined by excellent copper and gold historic geochemical sampling and drilling results over a 7 kilometre strike length, including: D280815m @ 1.34% Cu from 80m, including 8m of 1.71% Cu from 87m; DHLL96-4: 34.5m @ 0.63% Cu from 85.2 m, including 3.6m @ 1.63% Cu and 1.3 g/t Au from 90.4m and 4.05m @ 1.32% Cu and 0.86g/t Au from 115.45m; and DH 78004: 7m of 29.7% Fe, 0.4% Cu from 87m.

The results from the Heli-EM survey show several significant zones of conductivity that strike north-south over 2km in the Tjärro area (Figure 2). The 3D modelling of the EM and MAG data indicates that the shallow historic drilling listed above did not intersect the dominant EM conductor. Therefore, it appears that the EM conductor has not yet been drill tested, despite it being associated with highly anomalous copper and gold. The 3D modelling of the EM and MAG data also indicated that the dominant EM conductor was coincident with a strong magnetic anomaly.

Drilling by Avalon of this target intersected: 2.9m @ 0.7% Cu and 0.5g/t Au, within a larger mineralisation zone of 11.5m @ 0.4% Cu and 0.2g/t Au. This intersection was located 200 metres along strike to the south of the anomalous historic drilling results listed above, indicating that the prospect has good exploration potential along strike. Further exploration for this prospect has been planned.

Tjävelk

Another very highly ranked regional prospect is Tjävelk. This prospect is interpreted to be situated in an alteration margin to a granitic intrusion and has returned historical rock chip results of up to 12% Zn and 2% Cu (Figure 3). Some interesting historic drilling results include: DH 69102: 34m @ 39.4% Fe, 0.2% Cu from 50m; and DH 69103: 39m @ 38.4% Fe, and 0.12% Cu.

The results from the Heli-EM survey show a significant zone of conductivity that strikes east-west over 2000m in the Tjävelk area. The 3D modelling of the EM and MAG data indicates that the shallow historic drilling listed above did not intersect the dominant EM conductor.

A ground EM survey was completed by Avalon and a drill ready targets have been generated.

Other Prospects

Several other regional exploration targets have been identified from historic exploration results and regional geophysical datasets. Avalon is currently progressing plans to advance some of these targets.

Competent Persons Statement

The information in this report that relates to exploration results is based upon information reviewed by Mr Malcolm Norris who is a Fellow of the Australasian Institute of Mining and Metallurgy.  Mr Norris is a full time employee of Avalon Minerals Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Norris consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.




Avalon Minerals is a mineral exploration & mining project development company.