Avalon reports drill results of up to 1.95% Li2O at Ontario project

Key drill results include: 

• Hole SR24-114: intersected 105.6 metres at 1.67% lithium oxide (Li₂O) from 313.5 metres depth, including 21.5 meters at 1.78% Li₂O from 143.5 meters depth;
• Hole: SR24-113 intersected 66.2 metres at 1.68% Li₂O from 292.2 metres depth, including 32.6 metres at 1.95% from 121.0 metres depth;
• Hole SR24-115: intersected at 13.8 metres at 1.81% Li₂O from 93.5 metres depth;
• Hole SR24-116: intersected at 8.9 meters at 1.69% Li₂O from 313 metres depth, including 12.7 meters at 1.67% Li₂O from 325.3 metres depth.

The current resource estimate for the Big Whopper deposit includes 10.08 million tonnes of measured and indicated resources at 1.35% Li₂O and 2.81 million tonnes of inferred resources at 1.38% Li₂O.

“We are very excited with these fantastic drill results, which are a true reflection of the exploration upside potential of the project. Our technical team is eager to follow up on some of the longer…