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AVIRA RESOURCES LTD - Corporate Spotlight

Avira holds two tenements in the Paterson Province of Western Australia, a highly... Avira holds two tenements in the Paterson Province of Western Australia, a highly prospective Neoproterozoic metasedimentary basin which is host to several world-class mines such as Nifty and Telfer.More

Corporate Spotlight

Avira holds two tenements in the Paterson Province of Western Australia, a highly prospective Neoproterozoic metasedimentary basin which is host to several world-class mines such as Nifty and Telfer.
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Investor Updates with Avira Resources September

AVW DEFINES EM TARGETS AT WA PROJECTS

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Avira Resources (ASX:AVW) defines EM targets at WA projects

Mining

ASX:AVW    MCAP $12.37M 

  • Avira Resources (AVW) has defined 13 electromagnetic (EM) targets from 152 conductive anomalies at its Throssell Range and Mount Macpherson projects
  • The company conducted a high resolution helicopter-borne survey over its projects which are located in the Paterson province in WA
  • Two stand-out targets include the extensive Pipeline and Gwardar targets which Avira believes are prospective for base metal sulphide mineralisation
  • Avira has compiled the data and is planning to conduct a moving loop EM survey on high-priority areas
  • This work will aim to outline future reverse circulation drilling targets
  • Company shares have dropped 5.56 per cent to trade for 0.9 cents

Avira Resources (AVW) has received data from a high resolution electromagnetic (EM) and magnetic survey conducted over its projects in the Paterson province in WA.


The helicopter-borne survey was flown over Avira's Throssell Range and Mount Macpherson project areas.


The survey has defined 13 priority EM targets from 152 conductive anomalies with several extensive anomalous responses 

encountered on multiple flight lines. Out of the 152 anomalies, 86 come from Throssell Range and 66 come from Mount Macpherson.


"The Paterson Project EM survey has defined multiple conductors that our geophysical consultant has identified as a high priority for follow up work. We are encouraged by the presence of these conductors which appear to be hosted in structures and coincide with magnetic anomalies," Executive Director David Deloub said.


Two stand-out EM targets include the Pipeline target which spans eight kilometres and trends southwest to the Aria copper prospect and the Gwardar target which spans nine kilometres. Avira believes these two targets are prospective for base metal sulphide mineralisation.


Avira has compiled the data and is planning to conduct a moving loop EM survey on high-priority areas including Pipeline, Gwardar and other priority one conductors.


The survey work is aimed at outlining reverse circulation (RC) targets which will be drilled once land access, heritage clearances and other approvals have been received.


Read the full article on The Market Herald here

VIDEOS

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Investor Updates with David Deloub, Avira Resources - September 2020





EXPLORATION LICENSE GRANT PATERSON RANGE

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EXPLORATION LICENCE GRANTED AND FIELD ACTIVITIES COMMENCE AT MOUNT MACPHERSON PROJECT IN THE PATERSON RANGE

ASX Release 15th July 2020


HIGHLIGHTS

  • ➢  Mount Macpherson (E45/5572) licence granted and Throssel Range (E45/5567) application expected to be granted within the current quarter.

  • ➢  Both projects are located in the Paterson Range province and wedged between the IGO/Metals X ($32M) and IGO/Encounter ($15M) joint ventures and are considered prospective for intrusion related mineralisation similar to the Telfer, Aria and Nifty gold and copper deposits.

  • ➢  A field team has been mobilised to complete logistics reconnaissance and sample collection including conventional soil geochemistry, rock chip sampling and geological mapping in support of a possible drill program next quarter.


Avira Resources Limited (ASX: AVW) is pleased to advise that it has now been granted an exploration licence E45/5572 over its Mount Macpherson tenement and has mobilised a field team to complete the first phase of its exploration program including conventional soil geochemistry, rock-chip sampling and geological mapping. In addition, Avira has engaged NRG Australia Limited to conduct an airborne geophysics survey over the project area.


Commenting on the announcement today Avira’s Executive Director David Deloub said;

“We are very pleased we have reached agreement on both projects with the Western Deserts Lands Aboriginal Corporation (Jamakurnu-Yapalinkunu) and have been granted the Exploration Licence (E45/5572) for Mount Macpherson. The initial phase of exploration will commence immediately and we are looking forward to drilling prospective targets generated from this work later this year”.


Avira holds two tenements within the Paterson Range province which is host to a number of substantial gold, copper and tungsten mines and deposits, including the Telfer gold-copper mine. Subsequent significant recent discoveries made by Rio Tinto (Winu project) and the Newcrest- Greatland Gold JV (Havieron project) has reinvigorated interest in the province.


The Avira projects are situated in the Yeneena basin sedimentary rock formation that hosts both the Nifty and Maroochydore copper deposits.


Joint venture activity in the Paterson Range Province has seen joint venture expenditure commitments, by majors on junior mining company tenements, exceed $80M in the past 12 months.


Most recently, Metals X (ASX: MLX) announced it had entered into an Earn-in and Joint Venture arrangement with IGO Limited (ASX: IGO) covering Metals X’s Paterson Exploration Project (PEP) surrounding the Nifty copper operation and the Maroochydore copper project. The agreement commits IGO to fund up to A$31m in exploration expenditure over 6.5 years to earn a 70% interest in the PEP, including a minimum expenditure before withdrawal of $11m over 3.5 years.


Both of Avia’s projects border the IGO/ Metals X ($32M) and IGO/Encounter Resources ($15M) joint ventures with the south western boundary of Mount Macpherson in close proximity to the magnetic anomaly associated with Encounter’s Aria Prospect, with an interpreted NE trending structural corridor projecting onto E45/5572 (see Figure 1).


The Vines fault, which is associated with the Nifty Cu deposit, appears to extend into the Throssel Range prospect’s southern border with the Yeneena Project.


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Figure 1. Location of Avira’s Paterson Projects in relation to major mines and emerging coper-gold prospects showing committed exploration expenditures by major joint ventures in the region.


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MOUNT MACPHERSON (E45/5572)

The tenement is located in close proximity to Encounter Resources’ Aria copper discovery which is interpreted to be an IOCG deposit. Mount Macpherson is also 20km south of Metal X’s Nifty Copper min


Avira considers that Mount Macpherson (E45/5572) is prospective for intrusion-related mineralisation similar to Telfer, Aria, and other mineralisation styles identified within the region. From the available geology covering E45/5572 Avira has identified several of these elements within Mount Macpherson.

Photogeological interpretation has highlighted zones of foliation and deformation with SSE and NE trending shears and faults up to 500m wide, containing veins and evidence of alteration in corridors up to 3km long (figure 2). These veins and faults are priority areas for reconnaissance rock chip sampling.


THROSSEL RANGE (E45/5567)

Throssel Range Project is located on the western margin of the Paterson Orogen and interpreted to contains rocks with similar geological history and prospectively as those that host the Nifty Copper Mine (12km to the east).

The tenement contains considerable potential for unconformity related mineralisation on the Tarcunyah Unconformity (figure 3) as well as well- exposed regolith, indicating amenability to conventional geochemistry and geophysical exploration via airborne EM methods. The tenement is also attractive for SEDEX, replacement and vein associated mineralisation models.


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THE EXPLORATION PROGRAM

The application for Mount Macpherson E45/5572 has now been granted with the Throssel Range application E45/5567 expected to be granted within the current quarter.


Phase 1. Regional Geochemistry

It is planned that the field team collect up to 1300 soil samples and conduct rock chip sampling of the vein, fault and structural targets identified in the outcrop areas on Mount Macpherson.


Soil sampling is intended to develop a data set of precious, base metal and trace element pathfinder geochemistry in areas of outcrop and sub-outcrop areas. This database will complement the airborne EM data and provide insights as to whether any conductive bodies are associated with hydrothermal mineralisation. Results are expected to be available within approximately 4 to 6 weeks.


Phase 2. Airborne EM Survey

Avira has engaged NRG Australia Pty Ltd to complete a high-resolution helicopter borne Xcitetm electromagnetic and magnetic survey over the project area.


The primary method of exploration for the area is suggested to be a 200m line spacing AEM survey. This survey will map conductive stratigraphy, provide some structural information, identify prospective conductors and map conductive regolith (eg, Permian channels), and provide areas of interest for ground truthing and drilling. Mobilization of aircraft and crew is planned to occur in early to mid-July with results and interpretations delivered 4 to 6 weeks subsequently.


Phase 3. Drilling

The Company intends to drill the Paterson Projects pending receipt and interpretation of the geochemistry and geophysical data and the generation of any anomalies which warrant follow-up work. The timing of drilling will be contingent upon receipt of all statutory approvals, land access and heritage clearances and satisfactory weather. The opportunity to mobilize and commence drilling early in the 4th quarter of 2020 is expected.


ASX Release 15th July 2020

ABOUT AVIRA RESOURCES

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ABOUT AVIRA RESOURCES

Visit Avira Resources Website Here


Avira holds two tenements in the Paterson Province of Western Australia, a highly prospective Neoproterozoic metasedimentary basin which is host to several world-class mines such as Nifty and Telfer. Recent exploration success at Winu by Rio Tinto and at Haverion by Greatland Gold has reinvigorated interest in the province.


Avira’s strategic review identified the Paterson Province as being one of the least explored and most prospective geological terranes for discovery of significant copper and gold ore bodies.


Avira Resources sought entry into the Paterson province after the discovery of Haverion by Greatland Gold. As a consequence of this focus on the region, Avira identified open tenure and pegged Throssel Range E45/5567 as well as completing the purchase of Mount Macpherson E45/5572 in late 2019 (Refer previous ASX announcements). Avira notes that joint venture activity in the Paterson Province has seen expenditure commitments made by mining majors (through JVs on junior mining company tenements) exceed $50M in the past 12 months.


Learn More about Avira Resources's Projects Here

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