TORONTO, April 05, 2017 (GLOBE NEWSWIRE) — Avalon Avant-garde Materials Inc. (TSX:AVL) (OTCQX:AVLNF) (“Avalon” or the “Company”) is admiring to advertise that it has commenced a 10 hole, 2,000 accent design conduct affairs on its 100% endemic Separation Rapids Lithium Project (the “Project”) a Kenora, Ontario. The affairs is accepted to be completed over the aing 6-8 weeks, afterward which an adapted adeptness appraisal will be prepared. The conduct affairs has a cardinal of specific objectives including:
Previous analysis assignment by Avalon in the 1990’s focused alone on convalescent the lithium mineral petalite as an automated mineral artefact for glass-ceramics applications and appropriately did not absolutely annual for the lepidolite mineralization in the development model. However, as appear in the Company’s account absolution anachronous February 6, 2017, contempo testwork conducted by Lepidico Ltd. of Perth, Australia (“Lepidico”) application its patented L-Max® hydrometallurgical action technology has auspiciously produced a array brand lithium carbonate artefact from lepidolite sourced from the Separation Rapids property.
There are sub-zones in the Separation Rapids drop area the lithium is dominantly independent in lepidolite, which can be concentrated alone from the petalite. This offers the abeyant for assembly of both a lithium carbonate artefact from a lepidolite apply as able-bodied as a lithium hydroxide artefact from a petalite concentrate, the closing as advised in the Company’s Preliminary Economic Assessment (“PEA”), accomplished in November, 2016. The accepted conduct affairs will aid in adapted petalite-dominant against lepidolite-dominant assets in the block archetypal and accord to a revised development archetypal for the Project. An adapted PEA absorption the new resource, as able-bodied as contempo beforehand on action development work, is planned for this summer.
The abstruse advice included in this account absolution has been advised and accustomed by the Company’s Vice President, Exploration, Dr. William Mercer, a Qualified Person beneath NI 43-101.
About Avalon Avant-garde Materials Inc. Avalon Avant-garde Materials Inc. is a Canadian mineral development aggregation specializing in alcove bazaar metals and minerals with growing appeal in new technology. The Aggregation has three avant-garde date projects, all 100%-owned, accouterment investors with acknowledgment to lithium, tin and indium, as able-bodied as attenuate apple elements, tantalum, niobium, and zirconium. Avalon is currently absorption on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Amusing albatross and ecology administration are accumulated cornerstones.
For questions and feedback, amuse e-mail the Aggregation at [email protected], or buzz Don Bubar, President & CEO at 416-364-4938.
This account absolution contains “forward-looking statements” aural the acceptation of the United States Private Balance Litigation Reform Act of 1995 and applicative Canadian balance legislation. Advanced statements include, but are not bound to, statements that the conduct affairs is accepted to be completed over the aing 6-8 weeks afterward which an adapted adeptness appraisal will be prepared, that it will aid in adapted petalite-dominant against lepidolite-dominant assets in the block archetypal and accord to a revised development archetypal for the Project, that there may be the abeyant for assembly of both a lithium carbonate artefact from a lepidolite apply as able-bodied as a lithium hydroxide artefact from a petalite apply and that an adapted PEA absorption the new adeptness as able-bodied as contempo beforehand on action development is planned for this summer . Generally, these advanced statements can be articular by the use of advanced analogue such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or accompaniment that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will be” or “will not be” taken, accomplished or result, “will occur” or “be achieved”. Advanced statements are accountable to accepted and alien risks, uncertainties and added factors that may account the absolute results, akin of activity, achievement or achievements of Avalon to be materially altered from those bidding or adumbrated by such advanced statements. Advanced statements are based on assumptions administration believes to be reasonable at the time such statements are made. Although Avalon has attempted to analyze important factors that could account absolute after-effects to alter materially from those independent in advanced statements, there may be added factors that account after-effects not to be as anticipated, estimated or intended. Factors that may account absolute after-effects to alter materially from accepted after-effects declared in advanced statements include, but are not bound to bazaar conditions, Avalon’s adeptness to defended acceptable costs to beforehand and complete the Project, uncertainties associated with accepting the all-important approvals and permits in a adapted manner, assumptions acclimated in the PEA proving to be inaccurate, uncertainties associated with Avalon’s adeptness and assets estimates, uncertainties apropos all-around accumulation and appeal for lithium and feldspar and bazaar and sales prices, uncertainties associated with accepting off-take agreements and chump contracts, uncertainties with account to social, association and ecology impacts, uncertainties with account to access opportunities for the Project as able-bodied as those accident factors set out in the Company’s accepted Annual Advice Form, Management’s Discussion and Analysis and added acknowledgment abstracts accessible beneath the Company’s contour at www.SEDAR.com. There can be no affirmation that such statements will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such statements. Such advanced statements accept been provided for the purpose of acceptable investors in compassionate the Company’s affairs and objectives and may not be adapted for added purposes. Accordingly, readers should not abode disproportionate assurance on advanced statements. Avalon does not undertake to amend any advanced statements that are independent herein, except in accordance with applicative balance laws.
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