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Avesoro Resources Inc.
Summary
| Project: | Balogo | |
|---|---|---|
| Deposit: | Balogo | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-11-2017: Avesoro Resources Inc. announces a Resource Estimation report for its Balogo deposit at the Balogo project. Updated mineral resources and reserves at Balogo. The Netiana Mining Company (NMC) commissioned CSA Global (UK) Ltd (CSA Global) to ass | |
| Resources: | (Reserve, Prob.): 0.28Mt @ 8.81g/t Au for 78.37Koz Au contained at project | |
| CP/QP: | [Resources]: Maria O'Connor (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Netiana Mining Company (NMC) commissioned CSA Global (UK) Ltd (CSA Global) to assist them with evaluating the Balogo Project and to complete the required technical evaluations, verification and review works to facilitate disclosure of an update to the Mineral Resource and Mineral Reserves inventory for the Project and to provide independent comment in relation to exploration potential in the near-mine environment. In addition, and following the estimation of Mineral Resources and Mineral Reserves, CSA Global was commissioned to produce a Life-of-Mine (LOM) Schedule and prepare a financial model for the Project. All technical works have been undertaken in under the guidelines of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council, and disclosed within the context of the Canadian Securities Administrators National Instrument 43-101 (NI 43-101). In addition to the main Netiana deposit, the Balogo Project also includes a significant number of nearmine satellite prospects which have been the subject of various levels of exploration activity ranging from early-stage evaluation (surface works and defined anomalies), advanced exploration (drilling), resource development and mining. Previous operator/owners include Golden Rim Resources Ltd (GMR), between 2010 and 2015 and MNG Gold Burkina Sarl (MNG) until 2016, following the creation of the Netiana Mining Company (NMC) to manage the development of the Netiana deposit. | |
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