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Avesoro Resources Inc.
Summary
| Project: | Youga-Ouare | |
|---|---|---|
| Deposit: | Youga-Ouare | |
| 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 Youga-Ouare deposit at the Youga-Ouare project. Updated mineral resources and reserves at Youga and Ouare. The Burkina Mining Company (‘’BMC’’) commissioned CSA Global (UK) | |
| Resources: | (Reserve, Prob.): 9.0Mt @ 1.49g/t Au for 434.4Koz Au contained at project | |
| CP/QP: | [Resources]: Malcolm Titley (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Burkina Mining Company (‘’BMC’’) commissioned CSA Global (UK) Ltd (CSA Global) to assist them with evaluating the Youga and Ouaré Projects 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. BMC is a subsidiary of Cayman Burkina Mines Ltd, a wholly owned subsidiary of Avesoro Jersey Ltd, itself a subsidiary of Avesoro Holdings Ltd. 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’’). The Project includes a significant number of near-mine 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. Mineral Resources have been estimated for 10 deposits at Youga - Main Pit, Zergoré, NTV, A2NE, East Pit, West Pit 1, West Pit 2, West Pit 3, West Pit 4, Leduc - and one deposit at Ouaré (Ouaré). | |
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