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Avnel Gold Mining Inc.
Summary
| Project: | Kalana | |
|---|---|---|
| Deposit: | Kalanako | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 3/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-3-2017: Avnel Gold Mining Inc. announces an Exploration/Drilling Update report for its Kalanako deposit at the Kalana project. Drilling results incl. 15m @ 22.57g/t Au from 59m. 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 new results of the 2016 Kalanako drilling programme with the receipt of the remainder of outstanding 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. Located less than 3 km northeast of the Kalana Main Project proposed in the Kalana OFS-DFS, the Kalanako prospect is an old area of traditional mining activity with a March 2015 Mineral Resource Estimate of an Inferred in-situ resource of 0.07 Moz (0.38 Mt grading 5.55 g/t Au). The high-grade and close proximity makes Kalanako our highest priority advanced stage exploration target with the potential to become a high-grade open-pit supplemental satellite deposit delivering additional ore to the Kalana Main operation, which could help increase average gold production or extend the mine life. Howard Miller, Avnel’s Chairman and CEO said, “I am pleased to report that we have now received all the assays from the 2016 drilling programme successfully concluded at the Kalanako deposit. These new results from the remainder of our 2016 drill program at Kalanako are very encouraging as being essentially located outside the existing resource pits. Infill results in the North West should support the conversion of a large part of this inferred resource into Measured and indicated categories. The geological model is being updated and we are now looking forward to a new Mineral Resource Estimate in midApril.” | |
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