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Avesoro Resources Inc.
Summary
| Project: | Ndablama | |
|---|---|---|
| Deposit: | Ndablama | |
| Location: | Liberia | |
| Commodities: | Gold | |
| Date: | 7/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2018: Avesoro Resources Inc. announces an Exploration/Drilling Update report for its Ndablama deposit at the Ndablama project. Drilling results incl. 13m @ 2.8g/t Au from 114m. Avesoro Resources Inc., (the "Company" or "Avesoro") is pleased to report | |
| Resources: | (Resource): 7.589Mt @ 1.6g/t Au (Ind.), 9.576Mt @ 1.7g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Mark Pryor (Independent) | |
| ABSTRACT: | Avesoro Resources Inc., (the "Company" or "Avesoro") is pleased to report completion of its 75 hole, 16,200m infill drilling programme at the Ndablama deposit, 45km northeast of the New Liberty Gold Mine ("New Liberty"). Initial results are in-line with expectations and the full set of assays is expected to be published later in Q3 2018.The Ndablama infill drilling was designed to upgrade the classification of Inferred material to the Measured or Indicated categories, after which mine planning and optimisation studies can be undertaken. A Ndablama trucking study, which will investigate the feasibility of hauling material to New Liberty, is underway and due for completion later this year.The Ndabalama drilling represents approximately 40% of Avesoro's overall target of converting 1Moz of existing Mineral Resources into Mineral Reserves from the 2018 drilling campaign. | |
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