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15/12/2011

Avalon Rare Metals CEO says feasibility study on target for late 2012

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Market: TSX, NYSE AMEX
Sector: General Mining
EPIC: AVL
Latest Price: 3.20  (-3.32% Descending)
52-week High: 9.36
52-week Low: 2.41
Market Cap: 328.23M
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Avalon Rare Metals
www.avalonraremetals.com

Avalon Rare Metals is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in green energy technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily.

Full Avalon Rare Metals profile here
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Avalon Rare Metals starts diamond drilling to test tin-indium-copper-zinc targets at East Kemptville

2nd Feb 2010, 9:52 am
Avalon Rare Metals starts diamond drilling to test tin-indium-copper-zinc targets at East Kemptville

Avalon Rare Metals (TSX: AVL) has commenced a 2,000 metre diamond drilling programme on its exploration licenses in the East Kemptville area in Nova Scotia in mid January to test three target areas for tin-indium-copper-zinc mineralization similar to the past-producing East Kemptville tin deposit.

The East Kemptville deposit is a greisen, or hydrothermal replacement zone, associated with the contact of a regional granite intrusion known as the South Mountain batholiths, which has been at a location favourable for the occurrence of additional tin-indium-copper-zinc deposits. Several drill targets have been defined through the compilation of historical data supplemented by new surveys completed intermittently by the Company over the past 18 months.

The top priority target is known as Gardner's Meadows, where a combined geophysical and geochemical anomaly company is supported by anomalous tin values reported from limited historical drilling. At least four holes will be drilled to test the target with C$0.5 million pencilled for the work programme.

The company is also re-evaluating the potential for renewed tin-indium production at the East Kemptville site in a preliminary economic assessment currently conducted by Wardrop Engineering.

Avalon said that the tin and indium markets were attractive as ever as the demand for both metals from the consumer electronics industry has increased, resulting in stronger prices. Europe, China and California have all recently passed laws requiring the use of lead-free solders in electronics, for which tin is the most economical and reliable substitute. Tin and indium are also used as an alloy in flat-screen display panels, while indium is alloyed with gallium in CIGS solar power panels, which the company said were both expanding markets.

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