TSX: ASO
AIM: ASO
TORONTO, Nov. 22, 2017 /CNW/ - Avesoro Resources Inc.
("Avesoro" or the "Company"), the TSX and AIM listed West African
gold producer, is pleased to announce that the Company has today
filed an updated technical report pursuant to National Instrument
43-101 ("NI 43-101") relating to its 100% owned New Liberty Gold
Mine in Liberia (the
"Report").
The Report supports the disclosure made by the Company in its
announcement dated 11 October 2017
entitled "New Liberty Updated Mineral Resource and Reserve Estimate
and Q3 2017 Production Update" and there are no material
differences in the Report from those disclosed in the
announcement.
The Report has an effective date of 1
November 2017 and is entitled "New Liberty Gold Mine, Bea
Mountain Mining Licence Southern Block, Liberia, West
Africa", and was prepared by SRK Consulting (UK) Limited.
A copy of the Report is available for review on both SEDAR
(www.sedar.com) and the Company's website (www.avesoro.com).
About Avesoro Resources Inc.
The Company's assets include the New Liberty Gold Mine in
Liberia (the "New Liberty Gold
Mine," "New Liberty" or the "mine") which has an estimated proven
and probable mineral reserve of 7.4Mt with 717,000 ounces of gold
grading 3.03g/t and an estimated measured and indicated mineral
resource of 9.6Mt with 985,000 ounces of gold grading 3.2g/t and an
estimated inferred mineral resource of 6.4Mt with 620,000 ounces of
gold grading 3.0g/t. The foregoing Mineral Reserve and
Mineral Resource estimates and additional information in connection
therewith will be set out in an NI 43-101 compliant Technical
Report dated 1 November 2017 and
entitled "New Liberty Gold Mine, Bea Mountain Mining Licence
Southern Block, Liberia,
West Africa".
The New Liberty Gold Mine is located within the Southern Block
of the 100% owned Bea Mountain mining licence. This licence covers
478 kmĀ² and has a 25 year, renewable, mineral development
agreement. The Bea Mountain mining license also hosts additional
gold projects of Ndablama, Gondoja, Weaju and Leopard Rock which
host indicated and inferred mineral resources. The Company also
owns the Yambesei, Archaen West, Mabong and Mafa West licences, in
addition to a gold exploration permit in Cameroon.
Qualified Persons
The Company's Qualified Person is Mark
J. Pryor, who holds a BSc (Hons) in Geology & Mineralogy
from Aberdeen University, United Kingdom and is a Fellow of the
Geological Society of London, a
Fellow of the Society of Economic Geologists and a registered
Professional Natural Scientist (Pr.Sci.Nat) of the South African
Council for Natural Scientific Professions. Mark Pryor is an independent technical
consultant with over 25 years of global experience in exploration,
mining and mine development and is a "Qualified Person" as defined
in National Instrument 43 -101 "Standards of Disclosure for Mineral
Projects" of the Canadian Securities Administrators and has
reviewed and approved this press release.
SOURCE Avesoro Resources Inc.