- Avalon Advanced Materials (AVL) has received initial assay results from grab samples collected at its Lilypad Caesium Project
- Results confirm exceptional caesium enrichment in several Lithium-Caesium-Tantalum pegmatite dyke occurrences
- Assays of rock samples received to date have confirmed significant caesium values in four LCT dykes on the property
- Next steps will include a diamond drilling program to test all the new targets
- Avalon Advanced Materials is unchanged, trading at $0.11 at 11:36 am ET
Avalon Advanced Materials (AVL) has received initial assay results from grab samples collected at its Lilypad Caesium Project.
The project is located 350 kilometres north of Thunder Bay, Ontario.
The grab samples are from the Toronto-based company’s summer exploration program.
The new results confirm exceptional caesium enrichment in several Lithium-Caesium-Tantalum pegmatite dyke occurrences on the property.
Assays of rock samples received to date have confirmed significant caesium values in four LCT dykes on the property with three samples assaying greater than 1 per cent.
The work program included line cutting, soil and biogeochemistry grid sampling, as well as geological mapping and sampling over the area of the known LCT pegmatite field.
Caesium is a rare earth element (REE) in growing demand for new technologies, but with very limited supply following the cessation of mine production from the world’s largest historical producer in Manitoba.
“The Lilypad Caesium Project is proving to be a globally unique example of a large field of caesium-enriched LCT pegmatite dykes with significant resource potential. With caesium continuing to be in very short supply, the Company is now well positioned to help Ontario become the new global leader in caesium production including innovation of new downstream applications,” said President and CEO Don Bubar.
Once all the geochemical survey results have been received and compiled along with the geological mapping data, next steps will be to plan for a diamond drilling program to test all the new targets.
Avalon Advanced Materials is unchanged, trading at $0.11 at 11:36 am ET.
