AVZ collected 12 rock-chip samples south-west of MO17DD007 in the spillway of the Likushi dam site.
AVZ completed drill hole MO17DD007 to test the Carriere De L'est Pegmatite, the largest pegmatite in the Manono sector.
AVZ is planning further work for the extension areas including additional pitting and grab sampling followed by RC drilling to test the full extent and nature of this extension to the Carriere De L'est pegmatite.
As part of the technical interrogation of the Manono Lithium Project's immense pegmatites and its suitability for economic mining and treatment of lithium-based minerals, AVZ is progressing drilling of the pegmatites to define a 2012 JORC-complaint Mineral Resource for the Roche Dure and Carriere De L'est pegmatites.
Drilling Update As previously advised, AVZ
has entered into an agreement with Equity Drilling Limited (Equity) for the completion of an initial 20,000 metres of drilling at the Manono Lithium Project.
Minerals has generated an exploration target of between 1 Bt and 1.
Huayou will also have the right to appoint a nominee to the AVZ Board.
AVZ will issue 186 million shares and 86 million attaching options to Huayou under its existing placement capacity in accordance with Listing Rule 7.
In addition, AVZ also proposes to raise, subject to shareholder approval (expected in late September 2017), up to a further $1.