Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
VANCOUVER, BC, Sep 20, 2011 (MARKETWIRE via COMTEX) — Avanti Mining Inc. CA:AVT -2.86% (pinksheets:AVNMF) (“Avanti” or the “Company”) is pleased to announce that it has received assays from the next 14 holes of its 2011 drill program at the Kitsault Mine molybdenum project located in northwest British Colombia. The drilling program has been completed and totaled 32 holes for 9,989 meters at the Kitsault deposit, 11 condemnation holes total 558 meters around Kitsault and 26 holes totaling 2,803 meters at Roundy Creek for a total of 12,350 meters. Including the holes released in this press release, approximately 50% of the results are still in process. Results previously released on August 25, 2011 for the first six holes are restated in the table below after an error was discovered. This results in a moderate downgrade of several of these holes.
Drill highlights include:
“Results presented in this release complete the drilling along the northwest part of Kitsault and include the best hole drilled on the deposit in 35 years in hole K11-19,” said Craig J. Nelsen, President & CEO of Avanti. “This hole ended in ore and was at the limit of the drills capabilities. Roundy Creek continues to reveal high grade holes as we systematically advance toward the western high grade portions of the deposit. We expect the drilling at Kitsault to convert a significant amount of Inferred resource to Indicated and Indicated to Measured.”
Drill Results:
A map showing the location of these drill holes relative to the previous drilling by all prior operators at Kitsault is available at www.avantimining.com or click the link below to view this map.
Kitsault Drill Hole Map: http://www.avantimining.com/i/pdf/KIT-DDH-2011-PR.pdf
Roundy Creek Drill Hole Map: http://www.avantimining.com/i/pdf/2011-09-19_NRM1.pdf
Click here for the full news release
