Historical Data at Coates Project Supports PGE Exploration

Historical drilling geochemistry confirms exploration strategy for nickel, base metals, gold and platinum group minerals at the Coates Mafic Intrusive Complex near Wundowie, Western Australia.

  • Australian Vanadium Ltd (ASX: AVL) holds ground over the Coates Mafic Intrusive Complex (Coates)
  • Coates is located approximately 29km southeast of the recent nickel-copper-platinum group elements (Ni-Cu-PGE) discovery at the Julimar Project by Chalice Gold Mines (ASX: CHN)
  • Detailed historical drilling data from 1970s has been captured by the Company
  • Drilling defined a magnetite gabbro with vanadium-titanium mineralisation within a larger layered gabbro intrusion considered prospective for PGE-Ni-Cu mineralisation
  • Core from two historical Coates diamond drillholes acquired for analysis
  • New micro XRF scans of historical core hole CRD019 indicate presence of disseminated pyrrhotite and chalcopyrite within discrete pyroxenite phase of magnetite gabbro
  • Mafic intrusions, including Coates, within the Jimperding Metamorphic Belt were recognised as prospective for PGE-Ni-Cu in an early 1980s geological journal article[1]
  • Exploration planning underway for extensive geochemical and geophysical programs
  • AVL is collaborating with Lithium Australia NL (ASX:LIT) and Mercator Metals Pty Ltd which hold adjacent tenements, together holding a combined area of 59km2, covering the entire current interpreted Coates Mafic Intrusive complex

[1] Harrison PH; 1984; “The Mineral Potential of Layered Igneous Complexes within the Western Gneiss Terrain”; published in Professional papers for 1984 of the Geological Survey of Western Australia, 19”; Government Printing Office; Perth; p. 37 – 54

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