Aventis completes survey on two Sting claim blocks

Executive Summary

• Aventis Energy Inc. has completed a VTEM (versatile time-domain electromagnetic) survey on two prospective claim blocks within its Sting copper project in western Newfoundland, Canada.
• The survey covered 311 line kilometres on blocks that have seen limited exploration since 1991, aiming to identify electromagnetic conductors indicative of volcanogenic massive sulphide (VMS) deposits.
• The company cites historical and recent drill results, including significant copper intercepts, to justify the exploration potential of the area.

Key Details

• Survey Scope: A VTEM survey was conducted by Geotech Ltd. over 311 planned line kilometres on two claim blocks at the Sting copper project.
• Target Area: The southern claim block has seen limited activity since 1991 but contains the southern extension of a basalt unit favorable for VMS mineralization.
• Historical Context: 1991 soil sampling identified zinc anomalies over strike lengths of at least 400 metres. Historical boulder samples showed zinc up to 5.1% and copper up to 1.33%.
• Recent Drill Results (2024):
  • Hole VB24-001: 54.8 m at 0.32% Cu starting at 27.0 m depth, including higher-grade intervals.
  • Hole VB24-003: High-grade samples of 0.5 m at 2.85% Cu and 0.5 m at 1.92% Cu, plus a broader interval of 31.1 m at 0.27% Cu.
  • Vicinity of Jumbo showing: 20.5 m at 1.21% Cu.
• Historic Showings:
  • Jumbo: 9.0% Cu across 9.1 metres.
  • Red Lode: 2.5% Cu across 1.8 m.
  • Friar Tuck: 3.7 g/t Au over 0.9 m.
• Future Plans: Management anticipates follow-up prospecting, soil sampling, ground geophysics, and potential drilling based on the survey results.

Notable Quotes

• "The completion of the VTEM survey will provide key results that will guide our future exploration efforts in the area. Our work in 2024 on the Sting project confirmed the highly prospective nature of the Sting property, and we anticipate future prospecting, soil sampling, ground geophysics and potential drilling to follow the identification of any significant anomalies." — Michael Mulberry, CEO