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Avnel Gold Mining Inc.
Summary
| Project: | Kalana | |
|---|---|---|
| Deposit: | Kalanako | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-2-2017: Avnel Gold Mining Inc. announces an Exploration/Drilling Update report for its Kalanako deposit at the Kalana project. Drilling results incl. 16m @ 11.7g/t Au from 70m. Avnel Gold Mining Limited (“Avnel” or the “Company”) (TSX: AVK) is pleased | |
| Resources: | (Resource, Inf.): 0.38Mt @ 5.55g/t Au for 0.07Moz Au in-situ contained at Kalanako | |
| CP/QP: | [Overall Report]: Olivier Femenias (Internal) | |
| ABSTRACT: | Avnel Gold Mining Limited (“Avnel” or the “Company”) (TSX: AVK) is pleased to report the first results of the 2016 Kalanako drilling programme with the receipt of the first batch of assays. The drill programme objective is to provide additional information in support of an updated Mineral Resource Estimate for its Kalanako prospect in southwestern Mali, West Africa. Howard Miller, Avnel’s Chairman and CEO stated, “I am pleased to report that we have received the first batches of assays from the 2016 drilling programme successfully concluded at the Kalanako deposit. The Kalanako current maiden mineral resource is based on a wide drill spacing (75m x 25m). The RC infill drilling campaign has been designed to improve the grade/tonnage continuity inside and outside the March 2015 resource pit shells. Inside the South-East Resource pits, the first results received are encouraging and should support the conversion of a meaningful portion of our Inferred Resource into the Measured and Indicated categories. Outside the existing resource pits, although not all of the extension drilling was fruitful, the first batch results show high grade mineralisation has been intercepted in the Central and Central-South zones. These results have been obtained in a portion of the previous block models that reported no economic resource,” said Mr. Miller. | |
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