Avalon Minerals Limited is pleased to announce assay results for the first two drill holes from the A Zone Prospect of the current drill program on the Viscaria Copper Project (‘Viscaria’), in northern Sweden. This drill program will comprise approximately 25,000 metres of drilling, with the objective of extending the known Mineral Resources at the A and D Zone prospects and delivering on the potential increases to the project Net Present Value as defined in the Scoping Study. The Company’s Managing Director Mr Jeremy Read said, “Drill results like 27m @ 1.2% Cu, including 8.3m @ 2.0% Cu and 6m @ 1.4% Cu from VDD0135B are extremely encouraging, as it is a thick intersection of copper mineralisation which includes a high grade copper zone of mineable thickness.”

“The drill results from the first two holes drilled at our A Zone prospect indicate that the copper resources which were previously mined at A Zone, in the Viscaria copper mine, extend both at depth and also down plunge.” “The results from these first two drill holes have extended the known mineralisation at A Zone at least a further 150 metres further down plunge and appear to be consistent with previous drilling results in these areas.” “In the case of VDD0135B, the known mineralisation has also been extended by approximately 60 metres down dip. This indicates that there is excellent potential for the A Zone Mineral Resource to be significantly extended, as we had indicated previously,” he added. Drilling is continuing and further geochemical results should be available within the next two weeks.

VDD0135B: Central A Zone
Drill hole VDD0135B intersected 27m @ 1.2% Cu & 0.2g/t Au from 294 metres, including a high grade interval of 8.3m @ 2.0% Cu & 0.5g/t Au and a moderate grade interval of 6m @ 1.4% Cu & 0.1g/t. This drill hole extends the known mineralisation at A Zone down dip by approximately 60 metres from historic drill hole D-6696, which intersected 14.95m @ 1.1% Cu from 27.5m, including 4.6m @ 2% Cu.

VDD0135B also extended the known mineralisation down plunge by approximately 40 metres from the previous mining development. Therefore, this excellent mineralised intersection could potentially result in an increase of the A Zone Mineral Resource. The results of the previously announced Scoping Study indicate that the high copper grades in this area could potentially be economically mined by underground methods (Development Case B as detailed in the Scoping Study). VDD0135B also intersected a thin, low grade interval of copper mineralisation a further 110 metres down hole. This newly discovered mineralisation zone presents the possibility that the A Zone mineralisation is structurally repeated in the footwall.

This is an exciting possibility as finding another mineralisation zone with the same characteristics as A Zone could be significantly beneficial to the overall project economics. However, this zone requires further drilling in order to understand its significance. Drill hole VDD0131 intersected 5.5m @ 1.2% Cu from 411 metres, including 3.55m @ 1.6% Cu. This drill hole extends the known mineralisation at A Zone down plunge by approximately 110 metres from VDD0135B, as well as approximately 30 metres down dip from historic drill hole D-3437. Therefore, this mineralised intersection could potentially result in a significant increase of the A Zone Mineral Resource