Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Avira Resources prepares for EM conductor diamond drill testing at Puolalaki in Sweden

Published 22/03/2023, 10:44 am
Updated 22/03/2023, 11:30 am
© Reuters.  Avira Resources prepares for EM conductor diamond drill testing at Puolalaki in Sweden

© Reuters. Avira Resources prepares for EM conductor diamond drill testing at Puolalaki in Sweden

Avira Resources Ltd (ASX:AVW) is poised to begin a 5-hole diamond drilling exploration program at the Puolalaki Project in Sweden, testing an electromagnetic (EM) conductor discovered in an airborne EM and magnetic survey.

The survey revealed several discrete highly conductive bodies on the project, with a mix of highly conductive bodies at 30-100 metres and a large target at greater depth (400-500 metres).

Puolalaki is a single exploration permit covering a synorogenic gabbro intrusion prospective for nickel-copper mineralisation (discovered in 1998) as well as high-grade gold mineralisation.

The project is within Sweden’s premier Gällivare mining district, which is host to Europe’s largest open-cut copper mine Aitik, owned by Boliden and to LKAB’s Malmberget iron-ore mine.

Diamond drilling program

Avira has contracted Finnish drilling company Northdrill OY to complete the exploration program at Puolalaki.

The company expects the rig and crew to arrive by today, with drilling to begin immediately and operations to be carried out in continuous 24-hour shifts.

AVW expects the program to take 4-6 weeks to complete should ground conditions remain favourable, observing Svemin’s guidelines for mineral exploration in Sweden.

Avira will use a fully-enclosed, track-mounted rig with a dedicated cuttings collection unit and remains in close dialogue with local landowners and stakeholders, several of which are providing logistical support to the company.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.