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Avesoro Resources Inc.
Summary
| Project: | New Liberty | |
|---|---|---|
| Deposit: | New Liberty | |
| Location: | Liberia | |
| Commodities: | Gold | |
| Date: | 3/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-3-2018: Avesoro Resources Inc. announces an Exploration/Drilling Update report for its New Liberty deposit at the New Liberty project. Drilling results incl. 26m @ 8.49g/t Au from 176m. Avesoro Resources Inc., ("Avesoro" or the "Company"), the TSX and | |
| Resources: | (Resource): 7.6Mt @ 1.6g/t Au (Ind.), 9.6Mt @ 1.7g/t Au (Inf.) at Ndablama deposit | |
| CP/QP: | [Overall Report]: Mark Pryor (Independent) | |
| ABSTRACT: | Avesoro Resources Inc., ("Avesoro" or the "Company"), the TSX and AIM listed West African gold producer, is pleased to provide assay results for the first 29 holes of its extended 55 hole infill drilling programme at the New Liberty Gold Mine ("New Liberty") in Liberia, as well as an update on its exploration activities in Liberia and Burkina Faso. Serhan Umurhan, Chief Executive Officer of Avesoro Resources, commented: "The results from the first stage of the infill drilling programme at New Liberty have been extremely encouraging and add further momentum to the exploration success we delivered during H2 2017 in Burkina Faso and our 2018 goal of increasing our mineral resource inventory and subsequently increasing the mine lives at our New Liberty, Youga and Balogo mines.The infill programme was designed to increase the confidence level of the continuity of the New Liberty orebody by targeting an area of the mineral resource model containing 275,000 ounces of inferred resources to higher categories of confidence, and in turn potentially increasing the Mineral Reserve at New Liberty. In terms of grade and width, results to date improve on the current model and we anticipate, upon receipt of the final assays, to be able upgrade significant areas of Inferred Resource into the Indicated Resource category." | |
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