Australian Vanadium (ASX:AVL) continues to advance its exploration programs at the Blesberg Project, which is located in the Northern Cape Province of South Africa.
The deposit is one of the largest known economically mineralised and exploited pegmatite deposits in the Pegmatite Belt.
Sampling of Blesberg Mine historical stockpiles highlights spodumene (Lithium) and feldspar exploration potential.
As an example, a +20kg spodumene sampled graded between 2.86% and 4.76% lithium, and the feldspar sample meet technical specifications of local customers.
Investors won't have to wait long for news flow, with an experienced local drilling contractor awarded tender for Q1 2017 program.
Blesberg project
Mining at Blesberg commenced in 1925 when it was worked mainly for bismuth.
The main pegmatite at the Blesberg mine is referred to as Noumas I and is the site of the most extensive excavation from historical mining activities
Six of the spodumene samples collected as part of the due diligence reported lithium contents of between 1.27% and 6.42% lithium oxide.