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Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s):  AVLNF

Metals & Mining Industrial Metals & Minerals
Avalon Advanced Materials Inc. is a Canadian-advanced manufacturing company focused on vertically integrating the Ontario lithium supply chain. Its Lake Superior Lithium Project is in the City of Thunder Bay, Ontario. Lake Superior Lithium Project is located between northern Ontario’s lithium deposits and southern EV battery plants. Through its joint venture with SCR-Sibelco NV, it is developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to advance the Snowbank lithium and Lilypad lithium-caesium projects. It is also working to develop its Nechalacho rare earths and zirconium project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries, among other sectors. Its East Kemptville Tin-Indium Project is located 55 kilometers northeast of Yarmouth, Nova Scotia, Canada. Nechalacho Rare Earth Elements Project is located at Thor Lake, Northwest Territories.


TSX:AVL - Post by User

Avalon Advanced Materials Inc
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Post by Betteryear2on May 04, 2023 9:49am
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Post# 35429710

Avalon Expands Resource Potential

Avalon Expands Resource PotentialToronto, Ontario--(Newsfile Corp. - May 4, 2023) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces that the preliminary results from the winter 2023 diamond drilling program has potentially expanded the lithium resource at the Company's Separation Rapids Lithium Project. Thirteen holes totalling 4179 metres were drilled on the central main mass depth extensions of the resource. Of note, the final hole totalled 570 metres vertically through the deposit and confirmed visual petalite mineralization to a depth of 565 metres. This increases the potential depth of the deposit by 80% from the previously tested 315 metres deepest intercept. The other twelve holes intersected mineralization to the east, west and at depth from the existing resource and justify completion of an updated resource estimate for the Separation Rapids lithium deposit. Assays from four of the holes are pending.

Avalon Expands Resource Potential at Separation Rapids Lithium Project, Kenora ON (newsfilecorp.com)
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