TSX: ASO
AIM: ASO
TORONTO, Feb. 1, 2018
/CNW/ - Avesoro Resources Inc. ("Avesoro" or the "Company"), the
TSX and AIM listed West African gold producer, is pleased to
announce further high-grade drilling intercepts from its H2 2017
Burkina Faso focused exploration campaign and to provide details on
its fully funded and board approved US$25
million exploration programme for 2018.
Drilling Result Highlights
- Drilling of Balogo near mine targets returns high grade
intersections including:
-
- BDH-241: 22.30g/t Au over 5.45 metres (including 44.84g/t Au
over 2.50 metres);
- BDH-208: 28.11g/t Au over 5.10 metres (including 68.70g/t Au
over 2.00 metres);
- BDH-221: 21.16g/t Au over 3.40 metres; and
- BDH-252: 12.12g/t Au over 4.00 metres (including 31.50g/t Au
over 1.35 metres).
- Mineralisation underneath the optimised Balogo open pit shell
is now identified over a 140 metre vertical extent averaging 3.51
metres at 36.34g/t Au in drilling to date;
- Drilling at A2NE Mid Pit, which is currently being mined, has
significantly extended the vertical depth of the mineralisation by
a further 65 metres. Intersections include:
-
- YNE-17-116: 35.45g/t Au over 3.65 metres (including 138g/t Au
over 0.90 metres); and
- YNE-17-112: 15.32g/t Au over 4.40 metres (including 35.32g/t Au
over 1.75 metres).
- Additional drilling at the Gassore prospect has intersected
further high grade mineralisation, including:
-
- GASS-17-003: 6.20g/t Au over 3.05 metres (including 13.90g/t Au
over 1.15 metres);
- GASS-17-023: 7.34g/t Au over 3.85 metres (including 15.45g/t Au
over 1.60 metres); and
- GASS-17-047: 7.99g/t Au over 2.75 metres.
Further details of the key intercepts can be found in Appendix 1
of this announcement.
2018 Exploration Programme Highlights
- Group exploration drilling budget of 171,000 metres approved
for West Africa, split between
Burkina Faso (139,000 metres) and
Liberia (32,000 metres);
- Burkina Faso near-mine
drilling campaign to include 54,000 metres focused on nine targets
at Youga and five targets at Balogo, with another 85,000 metres of
regional drilling at priority targets within trucking distance of
the Youga plant; and
- Liberia near-mine drilling
campaign of 17,000 metres focused on satellite target resource
development and 15,000 metres of regional drilling focused on the
advanced Ndablama target.
Serhan Umurhan, Chief Executive Officer of Avesoro,
commented:
"The drilling results delivered by the team over the past six
months have been highly encouraging, with our exploration success
in Burkina Faso throughout H2 2017
resulting in an increase in production guidance at the Youga Gold
Mine to encompass the additional ounces we identified at Gassore.
This committed and focused drilling campaign will continue in 2018
and I am delighted that further high grade mineralised intercepts
have been reported from drilling across both our Youga and Balogo
licences. With our aggressive US$25
million 2018 exploration campaign fully funded and board
approved, I am confident that this will see the Company identify
additional mineral resources at both our New Liberty and Youga
& Balogo Gold Mines".
Burkina Faso
Summary of 2017 Exploration Activities
As previously reported, throughout H2 2017, the Company
conducted drilling campaigns on several targets across the Youga
and Balogo licences in Burkina
Faso. A 6,600 metre 45-hole diamond drilling programme was
completed across the Balogo licence, which holds the Balogo Gold
Mine, with drilling predominantly focused on the following targets:
Balogo Hill, Panga, Cobra Hill, Balogo North, Balogo Northwest,
Balogo Southeast and Balogo Down Dip Extension.
Youga On Mine Development
Further to the announcement dated January
24 2018, the Company is also pleased to report additional
intercepts from its 52,880 metre diamond drilling campaign
undertaken throughout late 2017 across the Youga exploitation
permit and encompassing the following targets:
- Gassore (233 holes for 34,530 metres);
- West Pit 3 East (14 holes for 980 metres);
- West Pit 4 (45 holes for 4,130 metres); and
- A2NE Mid Pit Down Dip Extension (72 holes for 8,880
metres).
The success of the 2017 drill programme in Burkina Faso resulted in the discovery of new
minable mineralisation at Gassore, located approximately 2
kilometres from the Youga plant and within the Youga exploitation
permit, and is included in the Company's 2018 mine plan.
Balogo Down Dip Extension
Drilling at Balogo targeted down-dip extension areas underneath
the planned open-pit floor and intersected further high-grade
results, with the mineralisation being extended by 140 metres below
the planned final pit floor and intersecting an average width and
grade of 3.51 metres grading 36.34g/t Au. The high grade
mineralised shoot remains open at depth with further deeper
drilling to be undertaken throughout 2018. Upon conclusion of the
2018 drilling programme, the Company plans to embark on an
underground mining scoping study for the Balogo deposit.
Additionally, the Balogo Northwest, Balogo North and Balogo
Southeast targets all fall within a 450 metre radius of the
existing Balogo open pit and results received warrant further
exploration.
The link below illustrates a cross sectional view of the
drilling below the Balogo deposit:
http://avesoro.com/wp-content/uploads/2018/01/Balogo_Schematic_Section_v1.3.jpg
Panga
The Panga target is located 700 metres north-east from the
Balogo open pit and mineralisation is related to a parallel
quartz-sulphide veins system hosted in sheared diorite striking
north-northwest and dipping at 85 degrees towards west-southwest.
During 2017, eight holes for 1,061 metres were drilled and
mineralisation was intersected over a 200 metre strike length with
an average width of 3.33 metres grading 11.59g/t Au to a depth of
96 metres below surface. The mineralisation remains open to the
north-northeast and south-southwest.
Cobra Hill
One kilometre north-east along strike from the Balogo open pit
is the Cobra Hill target, a 1.4-kilometre-long five metre wide
magnetite zone with related gold and copper mineralisation located
between diorite and sericite schist contact striking northeast,
dipping 75 degrees towards to northwest. During 2017, a 12 hole
2,154 metre drilling campaign was completed on selective areas of
this trend delivering average intersects of 2.44 metres grading
3.87g/t Au to a depth of 130 metres below surface based on these
holes. This mineralised trend remains open along strike and at
depth.
Balogo Hill
At the Balogo Hill target, eight holes for 985 metres were
drilled testing a 100 metre strike length of a 500-metre-long
mineralised trend located 1.2 kilometres north-east from the Balogo
open pit. Results delivered to date represent high grade gold
mineralisation and have intersected mineralisation with average
width of 2.14 metres grading 15.40g/t Au, with mineralisation
remaining open both along strike and at depth beyond the deepest
mineralization intersected 92 metres below surface. Further
drilling is planned for 2018.
Smyrna
The Smyrna target was a new discovery in 2017 located 6.2
kilometres southwest of the Balogo pit. Field rock chip samples to
date have returned results grading up to 4.88g/t Au.
Individual intercepts through selected mineralised zones from
this comprehensive drilling programme are reported in Appendix
1.
The links below illustrates the location of the drill targets
and provides a summary cross sectional view of the Gassore
deposit:
http://avesoro.com/wp-content/uploads/2018/01/Youga_Prospects_v1.1.jpg
http://avesoro.com/wp-content/uploads/2018/01/Gassore_Schematic_Section06_v1.0.jpg
http://avesoro.com/wp-content/uploads/2018/01/Gassore_Schematic_Section26_v1.0.jpg
2018 Exploration and Development Outlook
The Company plans to update the Mineral Resource and Mineral
Reserve for both the Youga and Balogo Gold Mines with an effective
date of February 28, 2017 and the New
Liberty Gold Mine with effective date of July 31, 2017 with the drilling results obtained
during the 2017 and 2018 campaigns during H1 2018.
Drilling during 2018 will focus on identified targets in close
proximity to existing Mineral Resources, with a 45,500 metre
drilling and 50,600 metre trenching programmes planned for Youga
and its adjacent licences.
The figure below provides details on the Company's Burkina Faso
Licence Portfolio:
http://avesoro.com/wp-content/uploads/2018/01/Avesoro_Burkina_v1.7.jpg
Youga On Mine Development
Drilling has been planned at Gassore for both the western
continuation of the target where 1,950 metres of mineralised trend
remains open and also to test the target at depth. The Company will
also focus on other additional near-mine targets following up
mineralised zones identified from 2017 trenching such as WDE, A2NE
Southeast and testing other existing near-mine gold anomalies. In
total, more than ten kilometres of strike length of gold in soil
anomalism will be tested by trenching within the Youga exploitation
permit.
Youga Exploration
The Company will also extend its work outside of the Youga
exploitation permit and plans to conduct exploration activities on
its adjacent Songo and Zerbogo tenements. Zerbogo hosts several
kilometres of gold-in-soil anomalies supported by historic
trenching and some sparse drilling undertaken by the licences'
previous owner. The Company aims to increase the confidence of
these mineralised zones by undertaking additional trenching and
drilling.
Ouaré
This year, the Company also plans to extend its aggressive
exploration strategy at the Ouaré Project located within the Bitou2
permit, 36 kilometres north-east from the Youga processing plant.
As per the February 28, 2017 Mineral
Reserve and Mineral Resource statement, the Ouaré project has an
existing CIM compliant Indicated Mineral Resource of 5.1Mt grading
1.39g/t Au containing 228.3koz and an Inferred Mineral Resource of
7.2Mt grading 1.8g/t Au containing 406koz disclosed in accordance
with NI 43-101.
Probable Mineral Reserves currently stand at 2.6Mt grading
1.67g/t Au containing 141koz. During Q2 2018 some 65,000 metres of
drilling and 20,185 metres of trenching is planned, with some holes
designed to twin some of the previous RC drill holes, undertake an
infill drilling campaign to upgrade the confidence level and
classification of the existing resource.
A number of existing drill ready targets will be drilled during
H1 2018 and trenching will target existing gold-in-soil and
gold-in-auger anomalies to increase technical knowledge of the
mineralisation trends before drill testing.
Balogo Exploration
Within the Balogo licence, the Company's exploration programme
will consist of a 29,000 metre drilling programme following up on
the significant intercepts encountered around the Balogo open pit
in 2017 including the following:
- Further drilling will be undertaken to target the Balogo
down-dip extension for underground potential;
- Panga, Balogo Hill and Cobra Hill for near mine high grade
satellite pit scenarios.
Additionally, a regional auger sampling programme will be
undertaken to follow up upon geophysical and structural targets
generated in 2017, combined with geochemistry to outline other
potential areas for exploration within the 360km2
licence area of which only 8km2 has been evaluated to
date.
The figures below provide details on the location of the near
mine targets within the Youga and Balogo exploitation permits:
http://avesoro.com/wp-content/uploads/2018/01/2017_2018_Targets_v1.0.jpg
http://avesoro.com/wp-content/uploads/2018/01/Balogo_v1.4.jpg
Liberia
Summary of 2017 Exploration Activities
The Company's exploration team undertook a comprehensive review
of all previously identified exploration targets across its licence
portfolio and conducted additional geological and geochemical work
around previously identified gold in soil anomalies.
In Q4 2017, a 14,000 metre 46-hole infill drilling programme was
commenced at New Liberty, with the aim of increasing the confidence
in the continuity of the New Liberty ore body and to upgrade the
classification of a proportion of Inferred Mineral Resource in the
NI 43-101 compliant Technical Report dated November 1, 2017 to an Indicated Mineral
Resource.
2018 Exploration Outlook
Activities during 2018 will focus on:
- Completion of the on-going 46-hole infill drilling
programme;
- Seven hole 6,500 metre deep extension programme at New Liberty
planned to test the vertical extension of the high grade plunging
shoots of the orebody to 900 metres from surface;
- A 15,000 metre resource conversion infill drilling campaign
will commence at Ndablama, focused upon upgrading the confidence
level and classification of the existing Mineral Resources;
- Embarking on a study to determine the economic potential of
trucking ore from Ndablama to the New Liberty process plant for
processing; and
- Exploration drilling of near mine targets.
The figure below provides details on the Company's Liberian
licence portfolio and the location of the Cape Mount and Silver
Hills targets:
http://avesoro.com/wp-content/uploads/2018/01/Avesoro_Liberia_v1.2.jpg
Silver Hills and the Matambo Corridor
First phase exploration drilling is also planned at Silver Hills
and the Matambo Corridor targets. Both targets are
15-kilometre-long gold-in-soil targets hosted by ultramafic rocks
similar to New Liberty corresponding to the westerly extension of
the Bea Mountain Greenstone Belt, and are located within 20
kilometres of the New Liberty processing plant. This will include a
17,000 metre drill programme scheduled to commence drilling upon
delivery of the new previously reported new diamond drill rigs to
Liberia.
The Matambo Corridor is located 15 kilometres to the north of
New Liberty, within the Company's Cape Mount Licences and Silver
Hills is 20 kilometres to the north east and within the Bea
Mountain Class A Mining Licence. Trenching and pitting has
confirmed the original soil sampling anomalies.
Silver Hills has previously reported channel sampling which
encountered intercepts including 2.3 metres grading 90g/t Au and at
the Matambo Corridor Sarama Resources, the former owner of the
licences, previously reported drilling intercepts including 7.5
metres grading 3.9g/t Au and 6 metres grading 3.2 g/t Au from a
1,600 metre 15-hole reconnaissance drilling programme.
The Company will also continue conducting geochemical sampling
and surface mapping on prospective areas and mapping and pitting on
areas with low confidence with the aim of identifying new drill
ready targets for the 2019 campaign.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Appendix 1: Key Drill Intercepts from 2017 Burkina Faso
Drilling Programme*
Target
|
Hole
ID
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Au
g/t
|
Comment
|
A2NE
Mid
|
YNE-17-068
|
86.40
|
92.50
|
6.10
|
1.59
|
|
A2NE
Mid
|
YNE-17-068
|
97.50
|
98.00
|
0.50
|
2.17
|
|
A2NE
Mid
|
YNE-17-069
|
21.70
|
22.80
|
1.10
|
1.21
|
|
A2NE
Mid
|
YNE-17-069
|
108.50
|
111.90
|
3.40
|
5.05
|
including 0.75
m @ 15.9 g/t
|
A2NE
Mid
|
YNE-17-070
|
38.50
|
39.00
|
0.50
|
2.48
|
|
A2NE
Mid
|
YNE-17-070
|
51.70
|
52.45
|
0.75
|
3.73
|
|
A2NE
Mid
|
YNE-17-070
|
63.60
|
64.10
|
0.50
|
2.71
|
|
A2NE
Mid
|
YNE-17-070
|
145.10
|
146.00
|
0.90
|
1.21
|
|
A2NE
Mid
|
YNE-17-071R
|
26.00
|
27.70
|
1.70
|
33.80
|
|
A2NE
Mid
|
YNE-17-071R
|
76.45
|
77.85
|
1.40
|
1.29
|
|
A2NE
Mid
|
YNE-17-071R
|
82.05
|
83.50
|
1.45
|
6.24
|
|
A2NE
Mid
|
YNE-17-071R
|
176.25
|
177.45
|
1.20
|
1.21
|
|
A2NE
Mid
|
YNE-17-072
|
17.70
|
24.00
|
6.30
|
7.31
|
including 1 m @ 41.5
g/t
|
A2NE
Mid
|
YNE-17-073
|
24.60
|
28.00
|
3.40
|
3.90
|
including 0.80 m @
14.45 g/t
|
A2NE
Mid
|
YNE-17-073
|
63.10
|
63.75
|
0.65
|
2.00
|
|
A2NE
Mid
|
YNE-17-073
|
87.30
|
88.00
|
0.70
|
1.30
|
|
A2NE
Mid
|
YNE-17-074
|
19.50
|
20.10
|
0.60
|
2.43
|
|
A2NE
Mid
|
YNE-17-074
|
118.05
|
120.55
|
2.50
|
1.82
|
|
A2NE
Mid
|
YNE-17-074
|
123.75
|
124.45
|
0.70
|
1.26
|
|
A2NE
Mid
|
YNE-17-075
|
67.75
|
69.80
|
2.05
|
2.11
|
|
A2NE
Mid
|
YNE-17-075
|
164.05
|
165.05
|
1.00
|
1.41
|
|
A2NE
Mid
|
YNE-17-075
|
166.85
|
167.80
|
0.95
|
1.38
|
|
A2NE
Mid
|
YNE-17-077
|
16.40
|
17.55
|
1.15
|
1.04
|
|
A2NE
Mid
|
YNE-17-079
|
21.50
|
23.20
|
1.70
|
1.15
|
|
A2NE
Mid
|
YNE-17-079
|
24.25
|
25.50
|
1.25
|
1.19
|
|
A2NE
Mid
|
YNE-17-082
|
29.65
|
30.80
|
1.15
|
1.19
|
|
A2NE
Mid
|
YNE-17-071
|
30.90
|
31.40
|
0.50
|
1.03
|
|
A2NE
Mid
|
YNE-17-085
|
18.20
|
19.10
|
0.90
|
1.13
|
|
A2NE
Mid
|
YNE-17-085
|
52.75
|
54.25
|
1.50
|
2.69
|
|
A2NE
Mid
|
YNE-17-085
|
82.00
|
82.70
|
0.70
|
7.22
|
|
A2NE
Mid
|
YNE-17-087
|
11.25
|
12.25
|
1.00
|
1.18
|
|
A2NE
Mid
|
YNE-17-089
|
20.45
|
22.00
|
1.55
|
22.70
|
|
A2NE
Mid
|
YNE-17-089
|
46.25
|
46.80
|
0.55
|
1.86
|
|
A2NE
Mid
|
YNE-17-090
|
8.75
|
14.00
|
5.25
|
2.71
|
including 0.80 m @
15.4 g/t
|
A2NE
Mid
|
YNE-17-090
|
49.80
|
51.00
|
1.20
|
3.10
|
|
A2NE
Mid
|
YNE-17-090
|
60.00
|
60.70
|
0.70
|
10.10
|
|
A2NE
Mid
|
YNE-17-090
|
110.55
|
111.55
|
1.00
|
2.93
|
|
A2NE
Mid
|
YNE-17-091
|
39.90
|
42.50
|
2.60
|
2.13
|
|
A2NE
Mid
|
YNE-17-102
|
15.30
|
16.65
|
1.35
|
1.47
|
|
A2NE
Mid
|
YNE-17-101
|
13.15
|
14.00
|
0.85
|
2.07
|
|
A2NE
Mid
|
YNE-17-104
|
32.30
|
33.20
|
0.90
|
3.89
|
|
A2NE
Mid
|
YNE-17-106
|
21.35
|
21.85
|
0.50
|
1.48
|
|
A2NE
Mid
|
YNE-17-108
|
18.70
|
19.60
|
0.90
|
3.07
|
|
A2NE
Mid
|
YNE-17-109
|
47.55
|
49.10
|
1.55
|
2.88
|
|
A2NE
Mid
|
YNE-17-111
|
20.50
|
21.55
|
1.05
|
1.09
|
|
A2NE
Mid
|
YNE-17-111
|
109.10
|
109.70
|
0.60
|
1.35
|
|
A2NE
Mid
|
YNE-17-114
|
19.60
|
20.80
|
1.20
|
10.10
|
|
A2NE
Mid
|
YNE-17-114
|
110.85
|
111.75
|
0.90
|
16.25
|
including 1.10 m @
39.7 g/t
|
A2NE
Mid
|
YNE-17-112
|
100.45
|
104.85
|
4.40
|
15.32
|
including 1.75 m @
35.32 g/t
|
A2NE
Mid
|
YNE-17-115
|
81.50
|
82.00
|
0.50
|
2.82
|
|
A2NE
Mid
|
YNE-17-115
|
114.75
|
115.65
|
0.90
|
11.90
|
|
A2NE
Mid
|
YNE-17-116
|
112.00
|
115.65
|
3.65
|
35.45
|
including 0.90 m @
138 g/t
|
A2NE
Mid
|
YNE-17-116
|
132.25
|
132.85
|
0.60
|
9.05
|
|
A2NE
Mid
|
YNE-17-103
|
33.40
|
33.90
|
0.50
|
3.32
|
|
A2NE
Mid
|
YNE-17-107
|
22.40
|
23.00
|
0.60
|
1.11
|
|
A2NE
Mid
|
YNE-17-110
|
9.00
|
9.95
|
0.95
|
1.27
|
|
A2NE
Mid
|
YNE-17-110
|
19.80
|
20.80
|
1.00
|
2.02
|
|
A2NE
Mid
|
YNE-17-110
|
28.70
|
30.20
|
1.50
|
1.57
|
|
A2NE
Mid
|
YNE-17-121
|
2.40
|
4.00
|
1.60
|
14.85
|
|
A2NE
Mid
|
YNE-17-121
|
25.65
|
26.65
|
1.00
|
1.59
|
|
A2NE
Mid
|
YNE-17-121
|
33.55
|
34.40
|
0.85
|
2.39
|
|
A2NE
Mid
|
YNE-17-121
|
41.55
|
42.15
|
0.60
|
2.84
|
|
A2NE
Mid
|
YNE-17-122
|
13.05
|
14.00
|
0.95
|
1.11
|
|
A2NE
Mid
|
YNE-17-122
|
17.10
|
18.00
|
0.90
|
1.13
|
|
A2NE
Mid
|
YNE-17-122
|
103.15
|
104.45
|
1.30
|
1.22
|
|
A2NE
Mid
|
YNE-17-123
|
30.10
|
31.40
|
1.30
|
1.09
|
|
A2NE
Mid
|
YNE-17-123
|
34.65
|
35.90
|
1.25
|
7.30
|
|
A2NE
Mid
|
YNE-17-123
|
153.00
|
154.20
|
1.20
|
2.31
|
|
A2NE
Mid
|
YNE-17-123
|
161.55
|
162.55
|
1.00
|
165.50
|
|
A2NE
Mid
|
YNE-17-124
|
3.50
|
4.00
|
0.50
|
3.17
|
|
A2NE
Mid
|
YNE-17-124
|
22.10
|
23.15
|
1.05
|
17.85
|
|
A2NE
Mid
|
YNE-17-125
|
5.15
|
7.20
|
2.05
|
5.49
|
including 0.9 m @
9.24 g/t
|
A2NE
Mid
|
YNE-17-125
|
44.00
|
45.10
|
1.10
|
25.20
|
|
A2NE
Mid
|
YNE-17-126
|
19.70
|
20.8
|
1.10
|
1.15
|
|
A2NE
Mid
|
YNE-17-126
|
46.50
|
47
|
0.50
|
17.25
|
|
A2NE
Mid
|
YNE-17-126
|
96.75
|
97.4
|
0.65
|
1.16
|
|
A2NE
Mid
|
YNE-17-126
|
101.80
|
103.5
|
1.70
|
1.98
|
|
A2NE
Mid
|
YNE-17-126
|
135.75
|
136.6
|
0.85
|
1.03
|
|
A2NE
Mid
|
YNE-17-092
|
20.85
|
22.75
|
1.90
|
1.95
|
|
A2NE
Mid
|
YNE-17-092
|
63.10
|
63.7
|
0.60
|
10.20
|
|
A2NE
Mid
|
YNE-17-093
|
1.05
|
1.8
|
0.75
|
1.95
|
|
A2NE
Mid
|
YNE-17-094
|
8.85
|
10.25
|
1.40
|
2.50
|
|
A2NE
Mid
|
YNE-17-094
|
24.50
|
25.15
|
0.65
|
3.70
|
|
A2NE
Mid
|
YNE-17-094
|
34.55
|
35.65
|
1.10
|
1.80
|
|
A2NE
Mid
|
YNE-17-095
|
59.90
|
60.70
|
0.80
|
2.17
|
|
A2NE
Mid
|
YNE-17-096
|
45.30
|
46.75
|
1.45
|
3.22
|
|
A2NE
Mid
|
YNE-17-097
|
41.10
|
42.50
|
1.40
|
1.29
|
|
A2NE
Mid
|
YNE-17-097
|
49.15
|
49.80
|
0.65
|
1.82
|
|
A2NE
Mid
|
YNE-17-097
|
68.80
|
69.95
|
1.15
|
1.86
|
|
A2NE
Mid
|
YNE-17-098
|
18.30
|
19.20
|
0.90
|
2.66
|
|
A2NE
Mid
|
YNE-17-098
|
83.40
|
84.65
|
1.25
|
4.91
|
|
A2NE
Mid
|
YNE-17-098
|
101.15
|
102.00
|
0.85
|
26.20
|
|
A2NE
Mid
|
YNE-17-098
|
131.55
|
132.15
|
0.60
|
5.28
|
|
A2NE
Mid
|
YNE-17-098
|
159.95
|
160.65
|
0.70
|
1.32
|
|
A2NE
Mid
|
YNE-17-117
|
41.30
|
41.80
|
0.50
|
1.79
|
|
A2NE
Mid
|
YNE-17-118
|
68.00
|
68.90
|
0.90
|
3.06
|
|
A2NE
Mid
|
YNE-17-119
|
2.40
|
5.10
|
2.70
|
2.05
|
|
A2NE
Mid
|
YNE-17-119
|
17.30
|
18.50
|
1.20
|
29.90
|
|
A2NE
Mid
|
YNE-17-120R
|
13.30
|
14.05
|
0.75
|
19.30
|
|
Gassore
|
GASS-17-001
|
38.90
|
45.30
|
6.40
|
19.63
|
Including 4.60 m @
26.57 g/t
|
Gassore
|
GASS-17-001
|
81.20
|
82.40
|
1.20
|
16.60
|
|
Gassore
|
GASS-17-002
|
89.05
|
89.65
|
0.60
|
17.60
|
|
Gassore
|
GASS-17-002
|
123.30
|
124.00
|
0.70
|
18.65
|
|
Gassore
|
GASS-17-003
|
27.95
|
31.00
|
3.05
|
6.20
|
Including 1.15 m @
13.90 g/t
|
Gassore
|
GASS-17-003
|
37.85
|
39.30
|
1.45
|
1.03
|
|
Gassore
|
GASS-17-003
|
94.70
|
95.20
|
0.50
|
5.71
|
|
Gassore
|
GASS-17-004
|
32.30
|
33.30
|
1.00
|
1.93
|
|
Gassore
|
GASS-17-005
|
44.40
|
45.40
|
1.00
|
5.95
|
|
Gassore
|
GASS-17-005
|
84.10
|
85.00
|
0.90
|
24.60
|
|
Gassore
|
GASS-17-005
|
113.10
|
113.65
|
0.55
|
3.86
|
|
Gassore
|
GASS-17-006
|
20.50
|
21.00
|
0.50
|
6.27
|
|
Gassore
|
GASS-17-007
|
64.50
|
65.00
|
0.50
|
9.46
|
|
Gassore
|
GASS-17-008
|
51.00
|
51.80
|
0.80
|
1.14
|
|
Gassore
|
GASS-17-009
|
113.00
|
113.50
|
0.50
|
1.01
|
|
Gassore
|
GASS-17-010
|
46.05
|
47.05
|
1.00
|
2.21
|
|
Gassore
|
GASS-17-010
|
81.80
|
83.00
|
1.20
|
3.00
|
|
Gassore
|
GASS-17-011
|
22.70
|
23.85
|
1.15
|
2.02
|
|
Gassore
|
GASS-17-011
|
30.90
|
31.80
|
0.90
|
6.41
|
|
Gassore
|
GASS-17-011
|
69.15
|
70.40
|
1.25
|
16.45
|
|
Gassore
|
GASS-17-012
|
50.05
|
50.75
|
0.70
|
8.38
|
|
Gassore
|
GASS-17-013
|
21.85
|
25.95
|
4.10
|
5.41
|
|
Gassore
|
GASS-17-014
|
19.70
|
20.35
|
0.65
|
8.19
|
|
Gassore
|
GASS-17-015
|
20.65
|
22.15
|
1.50
|
3.56
|
|
Gassore
|
GASS-17-016
|
22.00
|
22.75
|
0.75
|
16.55
|
|
Gassore
|
GASS-17-016
|
35.35
|
41.40
|
6.05
|
1.76
|
Including 0.70 m @
7.19 g/t
|
Gassore
|
GASS-17-017
|
21.45
|
22.30
|
0.85
|
23.40
|
|
Gassore
|
GASS-17-018
|
57.70
|
58.35
|
0.65
|
2.25
|
|
Gassore
|
GASS-17-019
|
25.10
|
26.10
|
1.00
|
62.80
|
|
Gassore
|
GASS-17-020
|
0.00
|
1.00
|
1.00
|
1.47
|
|
Gassore
|
GASS-17-020
|
52.15
|
52.95
|
0.80
|
2.44
|
|
Gassore
|
GASS-17-021
|
34.00
|
34.55
|
0.55
|
5.69
|
|
Gassore
|
GASS-17-021
|
72.70
|
73.30
|
0.60
|
17.75
|
|
Gassore
|
GASS-17-022
|
53.40
|
54.65
|
1.25
|
2.29
|
|
Gassore
|
GASS-17-023
|
50.20
|
54.05
|
3.85
|
7.34
|
Including 1.60 m @
15.45 g/t
|
Gassore
|
GASS-17-023
|
89.30
|
90.80
|
1.50
|
1.00
|
|
Gassore
|
GASS-17-024
|
49.70
|
54.05
|
4.35
|
2.99
|
|
Gassore
|
GASS-17-024
|
78.55
|
79.55
|
1.00
|
1.41
|
|
Gassore
|
GASS-17-024
|
94.75
|
95.45
|
0.70
|
7.68
|
|
Gassore
|
GASS-17-025
|
43.20
|
44.60
|
1.40
|
3.20
|
|
Gassore
|
GASS-17-025
|
74.70
|
75.80
|
1.10
|
17.45
|
|
Gassore
|
GASS-17-026
|
44.80
|
46.10
|
1.30
|
13.50
|
|
Gassore
|
GASS-17-026
|
74.55
|
76.00
|
1.45
|
1.38
|
|
Gassore
|
GASS-17-028
|
45.25
|
47.40
|
2.15
|
3.65
|
|
Gassore
|
GASS-17-028
|
82.65
|
84.00
|
1.35
|
4.59
|
|
Gassore
|
GASS-17-028
|
106.45
|
109.40
|
2.95
|
3.27
|
|
Gassore
|
GASS-17-029
|
90.00
|
91.40
|
1.40
|
1.13
|
|
Gassore
|
GASS-17-029
|
97.60
|
98.60
|
1.00
|
2.78
|
|
Gassore
|
GASS-17-029
|
151.35
|
152.30
|
0.95
|
1.44
|
|
Gassore
|
GASS-17-030
|
83.60
|
84.50
|
0.90
|
2.31
|
|
Gassore
|
GASS-17-030
|
108.60
|
109.50
|
0.90
|
13.55
|
|
Gassore
|
GASS-17-030
|
123.70
|
124.20
|
0.50
|
2.85
|
|
Gassore
|
GASS-17-031
|
64.65
|
65.75
|
1.10
|
2.62
|
|
Gassore
|
GASS-17-031
|
102.60
|
103.15
|
0.55
|
27.60
|
|
Gassore
|
GASS-17-032
|
60.50
|
65.00
|
4.50
|
1.17
|
|
Gassore
|
GASS-17-032
|
167.75
|
168.60
|
0.85
|
7.82
|
|
Gassore
|
GASS-17-032
|
218.40
|
219.15
|
0.75
|
2.91
|
|
Gassore
|
GASS-17-033
|
54.15
|
55.35
|
1.20
|
2.13
|
|
Gassore
|
GASS-17-034
|
54.05
|
54.90
|
0.85
|
1.55
|
|
Gassore
|
GASS-17-034
|
72.10
|
77.10
|
5.00
|
1.49
|
|
Gassore
|
GASS-17-034
|
129.85
|
131.00
|
1.15
|
1.14
|
|
Gassore
|
GASS-17-034
|
165.10
|
166.50
|
1.40
|
1.44
|
|
Gassore
|
GASS-17-035
|
39.65
|
40.45
|
0.80
|
57.80
|
|
Gassore
|
GASS-17-035
|
142.20
|
142.90
|
0.70
|
2.63
|
|
Gassore
|
GASS-17-036
|
0.80
|
1.50
|
0.70
|
4.01
|
|
Gassore
|
GASS-17-036
|
21.90
|
25.50
|
3.60
|
9.74
|
Including 1.5 m @
20.4 g/t
|
Gassore
|
GASS-17-036
|
94.25
|
95.00
|
0.75
|
1.61
|
|
Gassore
|
GASS-17-037
|
38.50
|
39.50
|
1.00
|
1.33
|
|
Gassore
|
GASS-17-037
|
103.45
|
103.95
|
0.50
|
5.85
|
|
Gassore
|
GASS-17-038
|
63.00
|
63.85
|
0.85
|
2.16
|
|
Gassore
|
GASS-17-038
|
89.20
|
91.05
|
1.85
|
2.56
|
|
Gassore
|
GASS-17-039
|
24.00
|
26.45
|
2.45
|
1.69
|
|
Gassore
|
GASS-17-039
|
46.75
|
47.50
|
0.75
|
1.62
|
|
Gassore
|
GASS-17-039
|
55.85
|
56.85
|
1.00
|
1.69
|
|
Gassore
|
GASS-17-039
|
114.80
|
115.45
|
0.65
|
25.70
|
|
Gassore
|
GASS-17-039
|
178.50
|
179.00
|
0.50
|
8.48
|
|
Gassore
|
GASS-17-039
|
220.20
|
221.00
|
0.80
|
4.48
|
|
Gassore
|
GASS-17-040
|
22.15
|
22.90
|
0.75
|
27.20
|
|
Gassore
|
GASS-17-040
|
38.75
|
39.90
|
1.15
|
1.72
|
|
Gassore
|
GASS-17-040
|
78.95
|
80.40
|
1.45
|
59.00
|
|
Gassore
|
GASS-17-040
|
95.95
|
97.55
|
1.60
|
18.00
|
|
Gassore
|
GASS-17-041
|
48.50
|
49.55
|
1.05
|
3.47
|
|
Gassore
|
GASS-17-042
|
54.85
|
56.10
|
1.25
|
20.60
|
|
Gassore
|
GASS-17-042
|
68.40
|
69.10
|
0.70
|
1.01
|
|
Gassore
|
GASS-17-042
|
123.10
|
124.00
|
0.90
|
72.90
|
|
Gassore
|
GASS-17-042
|
170.70
|
171.15
|
0.45
|
20.10
|
|
Gassore
|
GASS-17-043
|
40.00
|
40.95
|
0.95
|
3.02
|
|
Gassore
|
GASS-17-043
|
50.90
|
52.00
|
1.10
|
2.65
|
|
Gassore
|
GASS-17-044
|
15.80
|
16.80
|
1.00
|
2.32
|
|
Gassore
|
GASS-17-044
|
48.00
|
49.50
|
1.50
|
1.77
|
|
Gassore
|
GASS-17-044
|
82.40
|
83.60
|
1.20
|
11.70
|
|
Gassore
|
GASS-17-044
|
129.50
|
130.20
|
0.70
|
2.78
|
|
Gassore
|
GASS-17-044
|
164.00
|
165.10
|
1.10
|
3.24
|
|
Gassore
|
GASS-17-045
|
95.05
|
96.10
|
1.05
|
21.30
|
|
Gassore
|
GASS-17-045
|
114.10
|
114.80
|
0.70
|
2.20
|
|
Gassore
|
GASS-17-046
|
22.40
|
25.80
|
3.40
|
4.30
|
Including 1 m @ 8.86
g/t
|
Gassore
|
GASS-17-047
|
80.55
|
83.30
|
2.75
|
7.99
|
|
Gassore
|
GASS-17-047
|
132.00
|
133.50
|
1.50
|
1.81
|
|
Gassore
|
GASS-17-048
|
25.05
|
27.05
|
2.00
|
7.76
|
Including 1 m @ 14.45
g/t
|
Gassore
|
GASS-17-049
|
33.20
|
34.25
|
1.05
|
1.42
|
|
Gassore
|
GASS-17-050
|
29.25
|
29.75
|
0.50
|
8.18
|
|
Gassore
|
GASS-17-051
|
23.60
|
24.25
|
0.65
|
40.80
|
|
Gassore
|
GASS-17-052
|
27.55
|
28.35
|
0.80
|
3.26
|
|
Gassore
|
GASS-17-052
|
98.75
|
99.60
|
0.85
|
25.30
|
|
Gassore
|
GASS-17-053
|
16.60
|
18.20
|
1.60
|
1.34
|
|
Gassore
|
GASS-17-053
|
19.20
|
20.30
|
1.10
|
1.31
|
|
Gassore
|
GASS-17-053
|
103.10
|
103.75
|
0.65
|
2.25
|
|
Gassore
|
GASS-17-053
|
142.25
|
143.10
|
0.85
|
1.02
|
|
Gassore
|
GASS-17-054
|
25.40
|
29.70
|
4.30
|
2.93
|
|
Gassore
|
GASS-17-054
|
50.15
|
51.05
|
0.90
|
8.06
|
|
Gassore
|
GASS-17-054
|
74.45
|
75.60
|
1.15
|
1.46
|
|
Gassore
|
GASS-17-054
|
103.28
|
104.90
|
1.62
|
1.13
|
|
Gassore
|
GASS-17-055
|
40.15
|
41.20
|
1.05
|
1.38
|
|
Gassore
|
GASS-17-055
|
85.35
|
85.85
|
0.50
|
26.10
|
|
Gassore
|
GASS-17-055
|
122.20
|
123.10
|
0.90
|
1.94
|
|
Gassore
|
GASS-17-055
|
146.85
|
147.65
|
0.80
|
1.33
|
|
Gassore
|
GASS-17-055
|
153.85
|
154.55
|
0.70
|
1.95
|
|
Gassore
|
GASS-17-056
|
13.85
|
15.65
|
1.80
|
1.97
|
|
Gassore
|
GASS-17-056
|
51.85
|
52.60
|
0.75
|
1.02
|
|
Gassore
|
GASS-17-056
|
61.10
|
61.60
|
0.50
|
3.79
|
|
Gassore
|
GASS-17-056
|
90.85
|
91.55
|
0.70
|
16.10
|
|
Gassore
|
GASS-17-057
|
59.55
|
60.10
|
0.55
|
15.30
|
|
Gassore
|
GASS-17-058
|
20.95
|
22.00
|
1.05
|
3.27
|
|
Gassore
|
GASS-17-058
|
47.35
|
48.70
|
1.35
|
2.47
|
|
Gassore
|
GASS-17-058
|
76.00
|
76.90
|
0.90
|
2.09
|
|
Gassore
|
GASS-17-058
|
91.50
|
92.65
|
1.15
|
2.00
|
|
Gassore
|
GASS-17-059
|
59.15
|
60.00
|
0.85
|
1.80
|
|
Gassore
|
GASS-17-059
|
100.30
|
101.60
|
1.30
|
2.10
|
|
Gassore
|
GASS-17-060
|
24.90
|
25.80
|
0.90
|
1.40
|
|
Gassore
|
GASS-17-060
|
62.80
|
63.50
|
0.70
|
8.85
|
|
Gassore
|
GASS-17-060
|
100.40
|
102.10
|
1.70
|
38.58
|
Including 0.80 m @
76.4 g/t
|
Gassore
|
GASS-17-061
|
88.00
|
88.65
|
0.65
|
2.50
|
|
Gassore
|
GASS-17-061
|
103.00
|
103.85
|
0.85
|
1.09
|
|
Gassore
|
GASS-17-061
|
126.05
|
127.90
|
1.85
|
14.56
|
|
Gassore
|
GASS-17-061
|
161.60
|
163.05
|
1.45
|
18.15
|
|
Gassore
|
GASS-17-062
|
73.20
|
74.60
|
1.40
|
44.00
|
|
Gassore
|
GASS-17-062
|
113.90
|
114.90
|
1.00
|
30.00
|
|
Gassore
|
GASS-17-063
|
130.20
|
131.00
|
0.80
|
3.24
|
|
Gassore
|
GASS-17-063
|
180.10
|
181.00
|
0.90
|
1.97
|
|
Gassore
|
GASS-17-064
|
20.30
|
24.55
|
4.25
|
2.45
|
|
Gassore
|
GASS-17-065
|
46.60
|
49.45
|
2.85
|
2.05
|
|
Gassore
|
GASS-17-066
|
74.60
|
78.20
|
3.60
|
2.41
|
|
Gassore
|
GASS-17-067
|
95.75
|
100.50
|
4.75
|
14.74
|
Including 1.75 m @
26.88 g/t
|
Gassore
|
GASS-17-068
|
34.55
|
35.70
|
1.15
|
1.91
|
|
Gassore
|
GASS-17-068
|
84.10
|
85.35
|
1.25
|
4.08
|
|
Gassore
|
GASS-17-068
|
124.70
|
129.30
|
4.60
|
11.11
|
|
Gassore
|
GASS-17-068
|
176.90
|
177.70
|
0.80
|
1.43
|
|
Gassore
|
GASS-17-069
|
25.80
|
27.90
|
2.10
|
18.23
|
|
Gassore
|
GASS-17-070
|
53.20
|
56.85
|
3.65
|
15.02
|
Including 0.90 m @
50.4 g/t
|
Gassore
|
GASS-17-071
|
30.00
|
31.15
|
1.15
|
5.97
|
|
Gassore
|
GASS-17-071
|
83.30
|
84.95
|
1.65
|
14.16
|
Including 0.75 m @
25.1 g/t
|
Gassore
|
GASS-17-072
|
110.00
|
110.75
|
0.75
|
231.00
|
|
Gassore
|
GASS-17-072
|
159.00
|
159.50
|
0.50
|
9.75
|
|
Gassore
|
GASS-17-073
|
64.45
|
65.00
|
0.55
|
6.90
|
|
Gassore
|
GASS-17-073
|
86.80
|
87.75
|
0.95
|
5.48
|
|
Gassore
|
GASS-17-073
|
131.85
|
132.50
|
0.65
|
6.58
|
|
Gassore
|
GASS-17-074
|
45.85
|
48.00
|
2.15
|
18.31
|
Including 1.15 m @
32.5 g/t
|
Gassore
|
GASS-17-075
|
40.15
|
41.15
|
1.00
|
11.10
|
|
Gassore
|
GASS-17-075
|
72.00
|
73.00
|
1.00
|
3.44
|
|
Gassore
|
GASS-17-076
|
10.65
|
11.80
|
1.15
|
2.17
|
|
Gassore
|
GASS-17-076
|
59.65
|
60.20
|
0.55
|
18.40
|
|
Gassore
|
GASS-17-076
|
105.90
|
106.65
|
0.75
|
1.79
|
|
Gassore
|
GASS-17-077
|
37.40
|
38.00
|
0.60
|
1.49
|
|
Gassore
|
GASS-17-077
|
60.00
|
61.00
|
1.00
|
4.08
|
|
Gassore
|
GASS-17-077
|
84.00
|
84.70
|
0.70
|
25.10
|
|
Gassore
|
GASS-17-077
|
129.45
|
130.20
|
0.75
|
1.81
|
|
Gassore
|
GASS-17-078
|
39.35
|
40.75
|
1.40
|
1.49
|
|
Gassore
|
GASS-17-078
|
104.20
|
105.10
|
0.90
|
40.60
|
|
Gassore
|
GASS-17-078
|
150.00
|
150.70
|
0.70
|
1.22
|
|
Gassore
|
GASS-17-079
|
24.75
|
25.70
|
0.95
|
2.78
|
|
Gassore
|
GASS-17-079
|
73.05
|
73.70
|
0.65
|
1.67
|
|
Gassore
|
GASS-17-079
|
120.50
|
121.05
|
0.55
|
3.41
|
|
Gassore
|
GASS-17-079
|
168.15
|
168.85
|
0.70
|
5.58
|
|
Gassore
|
GASS-17-080
|
17.00
|
17.70
|
0.70
|
1.85
|
|
Gassore
|
GASS-17-080
|
20.20
|
22.30
|
2.10
|
1.07
|
|
Gassore
|
GASS-17-080
|
55.40
|
56.00
|
0.60
|
3.32
|
|
Gassore
|
GASS-17-080
|
95.05
|
95.80
|
0.75
|
1.63
|
|
Gassore
|
GASS-17-081
|
60.40
|
61.55
|
1.15
|
24.00
|
|
Gassore
|
GASS-17-082
|
46.40
|
47.00
|
0.60
|
1.64
|
|
Gassore
|
GASS-17-082
|
84.45
|
85.35
|
0.90
|
28.60
|
|
Gassore
|
GASS-17-082
|
129.65
|
130.20
|
0.55
|
1.60
|
|
Gassore
|
GASS-17-083
|
26.95
|
28.00
|
1.05
|
1.23
|
|
Gassore
|
GASS-17-083
|
81.90
|
82.60
|
0.70
|
1.16
|
|
Gassore
|
GASS-17-083
|
124.40
|
125.00
|
0.60
|
1.91
|
|
Gassore
|
GASS-17-084
|
43.70
|
45.00
|
1.30
|
42.60
|
|
Gassore
|
GASS-17-084
|
77.00
|
78.30
|
1.30
|
1.15
|
|
Gassore
|
GASS-17-085
|
24.75
|
25.70
|
0.95
|
2.91
|
|
Gassore
|
GASS-17-085
|
68.00
|
68.85
|
0.85
|
41.20
|
|
Gassore
|
GASS-17-086
|
90.35
|
91.20
|
0.85
|
6.51
|
|
Gassore
|
GASS-17-087
|
32.70
|
33.65
|
0.95
|
1.86
|
|
Gassore
|
GASS-17-087
|
110.30
|
111.25
|
0.95
|
11.90
|
|
Gassore
|
GASS-17-088
|
68.80
|
69.60
|
0.80
|
1.31
|
|
Gassore
|
GASS-17-088
|
88.20
|
89.90
|
1.70
|
1.37
|
|
Gassore
|
GASS-17-089
|
3.50
|
4.30
|
0.80
|
9.31
|
|
Gassore
|
GASS-17-089
|
45.15
|
46.00
|
0.85
|
34.00
|
|
Gassore
|
GASS-17-090
|
27.70
|
28.20
|
0.50
|
9.62
|
|
Gassore
|
GASS-17-091
|
118.50
|
119.40
|
0.90
|
2.00
|
|
Gassore
|
GASS-17-092
|
21.90
|
22.70
|
0.80
|
2.12
|
|
Gassore
|
GASS-17-094
|
50.40
|
51.20
|
0.80
|
5.00
|
|
Gassore
|
GASS-17-094
|
92.50
|
93.50
|
1.00
|
2.23
|
|
Gassore
|
GASS-17-095
|
32.65
|
33.50
|
0.85
|
1.66
|
|
Gassore
|
GASS-17-095
|
68.00
|
68.50
|
0.50
|
1.70
|
|
Gassore
|
GASS-17-095
|
74.50
|
75.05
|
0.55
|
3.15
|
|
Gassore
|
GASS-17-095
|
109.80
|
110.70
|
0.90
|
13.05
|
|
Gassore
|
GASS-17-097
|
53.55
|
55.05
|
1.50
|
13.80
|
|
Gassore
|
GASS-17-097
|
129.75
|
130.30
|
0.55
|
27.10
|
|
Gassore
|
GASS-17-100
|
49.10
|
49.80
|
0.70
|
3.19
|
|
Gassore
|
GASS-17-100
|
76.65
|
77.45
|
0.80
|
1.73
|
|
Gassore
|
GASS-17-100
|
119.10
|
119.80
|
0.70
|
11.70
|
|
Gassore
|
GASS-17-101
|
74.30
|
77.50
|
3.20
|
2.36
|
|
Gassore
|
GASS-17-102
|
95.10
|
98.35
|
3.25
|
2.53
|
|
Gassore
|
GASS-17-102
|
146.80
|
147.65
|
0.85
|
39.10
|
|
Gassore
|
GASS-17-103
|
24.15
|
25.40
|
1.25
|
1.46
|
|
Gassore
|
GASS-17-103
|
78.90
|
79.65
|
0.75
|
2.86
|
|
Gassore
|
GASS-17-103
|
120.00
|
123.25
|
3.25
|
5.52
|
Including 0.95 m @
11.75 g/t
|
Gassore
|
GASS-17-105
|
22.40
|
23.50
|
1.10
|
3.43
|
|
Gassore
|
GASS-17-105
|
48.85
|
49.60
|
0.75
|
20.70
|
|
Gassore
|
GASS-17-105
|
84.80
|
86.00
|
1.20
|
9.60
|
|
Gassore
|
GASS-17-106
|
9.00
|
11.40
|
2.40
|
8.54
|
|
Gassore
|
GASS-17-106
|
46.50
|
47.90
|
1.40
|
13.65
|
|
Gassore
|
GASS-17-107
|
38.60
|
39.40
|
0.80
|
3.32
|
|
Gassore
|
GASS-17-107
|
102.00
|
104.60
|
2.60
|
7.05
|
Including 1 m @ 16.15
g/t
|
Gassore
|
GASS-17-108R
|
69.59
|
70.40
|
0.81
|
5.89
|
|
Gassore
|
GASS-17-109
|
122.15
|
123.20
|
1.05
|
7.74
|
|
Gassore
|
GASS-17-110
|
60.00
|
60.65
|
0.65
|
11.30
|
|
Gassore
|
GASS-17-110
|
93.60
|
94.50
|
0.90
|
15.25
|
|
Gassore
|
GASS-17-111
|
2.40
|
4.70
|
2.30
|
1.15
|
|
Gassore
|
GASS-17-111
|
47.00
|
48.30
|
1.30
|
17.35
|
|
Gassore
|
GASS-17-111
|
57.00
|
57.90
|
0.90
|
5.02
|
|
Gassore
|
GASS-17-111
|
66.80
|
68.30
|
1.50
|
2.09
|
|
Gassore
|
GASS-17-111
|
92.40
|
93.00
|
0.60
|
17.40
|
|
Gassore
|
GASS-17-111
|
127.53
|
128.30
|
0.77
|
2.00
|
|
Gassore
|
GASS-17-112
|
47.00
|
48.50
|
1.50
|
5.48
|
|
Gassore
|
GASS-17-114
|
18.10
|
19.10
|
1.00
|
2.70
|
|
Gassore
|
GASS-17-114
|
42.50
|
43.10
|
0.60
|
1.22
|
|
Gassore
|
GASS-17-114
|
89.45
|
90.15
|
0.70
|
2.54
|
|
Gassore
|
GASS-17-114
|
148.80
|
149.40
|
0.60
|
1.27
|
|
Gassore
|
GASS-17-115
|
37.45
|
38.60
|
1.15
|
1.63
|
|
Gassore
|
GASS-17-115
|
50.70
|
51.30
|
0.60
|
1.32
|
|
Gassore
|
GASS-17-115
|
106.45
|
107.40
|
0.95
|
2.11
|
|
Gassore
|
GASS-17-115
|
150.85
|
152.20
|
1.35
|
1.05
|
|
Gassore
|
GASS-17-116
|
2.00
|
4.40
|
2.40
|
4.62
|
|
Gassore
|
GASS-17-116
|
44.45
|
45.70
|
1.25
|
3.36
|
|
Gassore
|
GASS-17-116
|
57.60
|
58.15
|
0.55
|
13.05
|
|
Gassore
|
GASS-17-116
|
124.65
|
125.45
|
0.80
|
13.70
|
|
Gassore
|
GASS-17-117
|
28.30
|
29.10
|
0.80
|
7.44
|
|
Gassore
|
GASS-17-118
|
49.90
|
51.30
|
1.40
|
4.63
|
|
Gassore
|
GASS-17-118
|
118.70
|
120.20
|
1.50
|
1.59
|
|
Gassore
|
GASS-17-120
|
93.50
|
96.00
|
2.50
|
3.37
|
|
Gassore
|
GASS-17-120
|
143.85
|
144.40
|
0.55
|
8.63
|
|
Gassore
|
GASS-17-121
|
114.20
|
117.90
|
3.70
|
2.97
|
|
Gassore
|
GASS-17-121
|
195.45
|
197.00
|
1.55
|
4.85
|
|
Gassore
|
GASS-17-122
|
40.80
|
41.50
|
0.70
|
9.29
|
|
Gassore
|
GASS-17-126
|
70.30
|
75.40
|
5.10
|
4.45
|
Including 0.90 m @
21.7 g/t
|
Gassore
|
GASS-17-126
|
124.70
|
125.45
|
0.75
|
10.55
|
|
Gassore
|
GASS-17-127
|
146.00
|
146.90
|
0.90
|
4.51
|
|
Gassore
|
GASS-17-128
|
119.80
|
120.60
|
0.80
|
2.08
|
|
Gassore
|
GASS-17-129
|
39.30
|
40.10
|
0.80
|
1.76
|
|
Gassore
|
GASS-17-129
|
62.00
|
62.50
|
0.50
|
1.71
|
|
Gassore
|
GASS-17-129
|
89.45
|
90.50
|
1.05
|
1.70
|
|
Gassore
|
GASS-17-130
|
26.85
|
27.90
|
1.05
|
3.26
|
|
Gassore
|
GASS-17-130
|
95.50
|
96.30
|
0.80
|
1.49
|
|
Gassore
|
GASS-17-131
|
113.30
|
114.55
|
1.25
|
8.89
|
|
Gassore
|
GASS-17-132
|
68.00
|
68.75
|
0.75
|
2.21
|
|
Gassore
|
GASS-17-132
|
108.20
|
109.20
|
1.00
|
1.49
|
|
Gassore
|
GASS-17-132
|
131.40
|
132.10
|
0.70
|
1.38
|
|
Gassore
|
GASS-17-133
|
38.35
|
39.50
|
1.15
|
3.10
|
|
Gassore
|
GASS-17-133
|
90.45
|
93.50
|
3.05
|
3.39
|
|
Gassore
|
GASS-17-134
|
17.15
|
18.20
|
1.05
|
1.06
|
|
Gassore
|
GASS-17-134
|
114.80
|
119.20
|
4.40
|
1.78
|
|
Gassore
|
GASS-17-134
|
166.60
|
167.80
|
1.20
|
8.43
|
|
Gassore
|
GASS-17-136
|
21.00
|
23.50
|
2.50
|
1.60
|
|
Gassore
|
GASS-17-136
|
90.40
|
91.20
|
0.80
|
8.32
|
|
Gassore
|
GASS-17-137
|
79.30
|
79.85
|
0.55
|
2.63
|
|
West Pit
4
|
WP4-17-012
|
4.70
|
6.05
|
1.35
|
2.10
|
|
West Pit
4
|
WP4-17-012
|
68.50
|
75.00
|
6.50
|
1.28
|
|
West Pit
4
|
WP4-17-012
|
82.00
|
83.74
|
1.74
|
2.21
|
|
West Pit
4
|
WP4-17-012
|
86.50
|
87.20
|
0.70
|
1.29
|
|
West Pit
4
|
WP4-17-012
|
97.85
|
98.30
|
0.45
|
2.95
|
|
West Pit
4
|
WP4-17-012
|
113.40
|
132.10
|
18.70
|
1.98
|
|
West Pit
4
|
WP4-17-013
|
40.50
|
42.40
|
1.90
|
3.01
|
|
West Pit
4
|
WP4-17-013
|
51.00
|
55.00
|
4.00
|
1.77
|
|
West Pit
4
|
WP4-17-013
|
61.40
|
62.40
|
1.00
|
1.02
|
|
West Pit
4
|
WP4-17-014
|
33.58
|
34.00
|
0.42
|
14.50
|
|
West Pit
4
|
WP4-17-014
|
39.70
|
41.00
|
1.30
|
1.12
|
|
West Pit
4
|
WP4-17-014
|
42.00
|
43.00
|
1.00
|
1.01
|
|
West Pit
4
|
WP4-17-014
|
64.50
|
74.50
|
10.00
|
2.91
|
|
West Pit
4
|
WP4-17-015
|
74.30
|
74.60
|
0.30
|
1.49
|
|
West Pit
4
|
WP4-17-015
|
74.30
|
91.80
|
17.50
|
1.72
|
|
West Pit
4
|
WP4-17-016
|
43.00
|
44.00
|
1.00
|
1.11
|
|
West Pit
4
|
WP4-17-016
|
44.35
|
46.15
|
1.80
|
1.24
|
|
West Pit
4
|
WP4-17-016
|
53.00
|
61.90
|
8.90
|
1.47
|
|
West Pit
4
|
WP4-17-016
|
65.00
|
66.00
|
1.00
|
1.39
|
|
West Pit
4
|
WP4-17-017
|
24.15
|
41.30
|
17.15
|
1.54
|
Including 0.70 m @
9.07 g/t
|
West Pit
4
|
WP4-17-018
|
16.90
|
18.30
|
1.40
|
1.25
|
|
West Pit
4
|
WP4-17-018
|
20.30
|
21.75
|
1.45
|
1.41
|
|
West Pit
4
|
WP4-17-018
|
25.50
|
31.80
|
6.30
|
2.78
|
|
West Pit
4
|
WP4-17-019
|
50.00
|
51.10
|
1.10
|
1.29
|
|
West Pit
4
|
WP4-17-019
|
63.50
|
67.80
|
4.30
|
1.10
|
|
West Pit
4
|
WP4-17-019
|
74.90
|
76.40
|
1.50
|
1.20
|
|
West Pit
4
|
WP4-17-019
|
80.00
|
83.70
|
3.70
|
1.94
|
|
West Pit
4
|
WP4-17-020
|
55.00
|
56.00
|
1.00
|
1.32
|
|
West Pit
4
|
WP4-17-020
|
68.00
|
68.50
|
0.50
|
1.66
|
|
West Pit
4
|
WP4-17-021
|
21.80
|
22.80
|
1.00
|
1.26
|
|
West Pit
4
|
WP4-17-021
|
26.10
|
29.20
|
3.10
|
1.96
|
|
West Pit
4
|
WP4-17-021
|
39.50
|
43.50
|
4.00
|
1.11
|
|
West Pit
4
|
WP4-17-022
|
43.50
|
44.60
|
1.10
|
1.39
|
|
West Pit
4
|
WP4-17-023
|
21.25
|
22.15
|
0.90
|
1.15
|
|
West Pit
4
|
WP4-17-024
|
21.30
|
33.50
|
12.20
|
2.08
|
|
West Pit
4
|
WP4-17-024
|
62.50
|
63.00
|
0.50
|
1.05
|
|
West Pit
4
|
WP4-17-025
|
0.00
|
3.05
|
3.05
|
1.81
|
|
West Pit
4
|
WP4-17-025
|
32.30
|
32.80
|
0.50
|
1.10
|
|
West Pit
4
|
WP4-17-025
|
39.00
|
39.85
|
0.85
|
2.34
|
|
West Pit
4
|
WP4-17-026
|
20.15
|
22.20
|
2.05
|
2.58
|
|
West Pit
4
|
WP4-17-026
|
33.50
|
34.85
|
1.35
|
1.92
|
|
West Pit
4
|
WP4-17-028
|
36.70
|
37.70
|
1.00
|
1.62
|
|
West Pit
4
|
WP4-17-028
|
41.10
|
43.15
|
2.05
|
1.31
|
|
West Pit
4
|
WP4-17-028
|
47.25
|
48.10
|
0.85
|
1.39
|
|
West Pit
4
|
WP4-17-030
|
11.00
|
11.60
|
0.60
|
1.53
|
|
West Pit
4
|
WP4-17-030
|
47.00
|
48.80
|
1.80
|
2.39
|
|
West Pit
4
|
WP4-17-030
|
53.60
|
54.10
|
0.50
|
1.75
|
|
West Pit
4
|
WP4-17-031
|
63.25
|
71.90
|
8.65
|
2.08
|
|
West Pit
4
|
WP4-17-032
|
3.80
|
4.70
|
0.90
|
1.22
|
|
West Pit
4
|
WP4-17-035
|
9.10
|
21.70
|
12.60
|
1.12
|
|
West Pit
4
|
WP4-17-036
|
9.90
|
10.90
|
1.00
|
2.50
|
|
West Pit
4
|
WP4-17-036
|
32.00
|
33.10
|
1.10
|
1.65
|
|
West Pit
4
|
WP4-17-036
|
56.30
|
56.85
|
0.55
|
1.99
|
|
West Pit
4
|
WP4-17-040
|
22.50
|
23.45
|
0.95
|
1.32
|
|
West Pit
4
|
WP4-17-041
|
11.10
|
12.45
|
1.35
|
3.75
|
|
West Pit
4
|
WP4-17-041
|
26.15
|
28.50
|
2.35
|
5.66
|
Including 0.85 m @
11.65 g/t
|
West Pit
4
|
WP4-17-041
|
40.10
|
41.35
|
1.25
|
1.52
|
|
West Pit
4
|
WP4-17-045
|
12.60
|
16.20
|
3.60
|
1.22
|
|
West Pit
4
|
WP4-17-045
|
93.60
|
94.40
|
0.80
|
1.82
|
|
West Pit
4
|
WP4-17-037
|
52.65
|
53.40
|
0.75
|
1.50
|
|
West Pit
4
|
WP4-17-038
|
69.35
|
70.15
|
0.80
|
1.33
|
|
West Pit
4
|
WP4-17-039
|
2.80
|
3.70
|
0.90
|
2.83
|
|
West Pit
4
|
WP4-17-044
|
69.75
|
70.30
|
0.55
|
1.77
|
|
West Pit
4
|
WP4-17-046
|
37.20
|
39.55
|
2.35
|
2.85
|
|
West Pit
4
|
WP4-17-046
|
47.70
|
49.00
|
1.30
|
1.61
|
|
West Pit
4
|
WP4-17-048R
|
44.90
|
45.55
|
0.65
|
5.78
|
|
West Pit
4
|
WP4-17-048R
|
54.55
|
55.60
|
1.05
|
1.25
|
|
West Pit
4
|
WP4-17-049
|
37.80
|
38.95
|
1.15
|
1.18
|
|
West Pit
4
|
WP4-17-049
|
53.00
|
55.60
|
2.60
|
2.04
|
|
West Pit
4
|
WP4-17-051
|
16.00
|
16.65
|
0.65
|
1.27
|
|
West Pit
4
|
WP4-17-052
|
15.60
|
16.20
|
0.60
|
1.01
|
|
West Pit
4
|
WP4-17-053
|
49.15
|
50.40
|
1.25
|
1.49
|
|
West Pit
4
|
WP4-17-053
|
72.60
|
75.20
|
2.60
|
1.21
|
|
West Pit
4
|
WP4-17-054
|
106.00
|
106.50
|
0.50
|
1.88
|
|
West Pit
4
|
WP4-17-055
|
132.50
|
133.30
|
0.80
|
2.42
|
|
West Pit
3
|
WP3E-17-001
|
26.60
|
27.60
|
1.00
|
1.16
|
|
West Pit
3
|
WP3E-17-001
|
47.40
|
48.00
|
0.60
|
2.94
|
|
West Pit
3
|
WP3E-17-002
|
4.20
|
5.60
|
1.40
|
2.06
|
|
West Pit
3
|
WP3E-17-002
|
18.85
|
19.40
|
0.55
|
1.02
|
|
West Pit
3
|
WP3E-17-002
|
27.70
|
30.10
|
2.40
|
1.43
|
|
West Pit
3
|
WP3E-17-004R
|
12.70
|
24.30
|
11.60
|
2.72
|
|
West Pit
3
|
WP3E-17-004R
|
60.70
|
61.30
|
0.60
|
2.31
|
|
West Pit
3
|
WP3E-17-005
|
10.00
|
11.00
|
1.00
|
1.18
|
|
West Pit
3
|
WP3E-17-005
|
31.70
|
33.00
|
1.30
|
2.12
|
|
West Pit
3
|
WP3E-17-005
|
47.00
|
48.05
|
1.05
|
2.68
|
|
West Pit
3
|
WP3E-17-006
|
19.15
|
20.05
|
0.90
|
2.96
|
|
West Pit
3
|
WP3E-17-006
|
31.50
|
32.00
|
0.50
|
1.57
|
|
West Pit
3
|
WP3E-17-006
|
35.30
|
37.50
|
2.20
|
1.87
|
|
West Pit
3
|
WP3E-17-007
|
3.45
|
4.80
|
1.35
|
1.66
|
|
West Pit
3
|
WP3E-17-007
|
15.65
|
26.85
|
11.20
|
2.15
|
|
West Pit
3
|
WP3E-17-007
|
30.80
|
33.00
|
2.20
|
3.85
|
|
West Pit
3
|
WP3E-17-008
|
17.15
|
18.15
|
1.00
|
1.68
|
|
West Pit
3
|
WP3E-17-008
|
28.60
|
29.30
|
0.70
|
1.04
|
|
West Pit
3
|
WP3E-17-008
|
32.75
|
33.55
|
0.80
|
4.04
|
|
West Pit
3
|
WP3E-17-009
|
10.25
|
10.80
|
0.55
|
1.04
|
|
West Pit
3
|
WP3E-17-009
|
13.30
|
14.00
|
0.70
|
4.60
|
|
West Pit
3
|
WP3E-17-009
|
36.40
|
37.00
|
0.60
|
4.04
|
|
West Pit
3
|
WP3E-17-009
|
54.00
|
55.30
|
1.30
|
1.05
|
|
West Pit
3
|
WP3E-17-0011
|
27.80
|
29.55
|
1.75
|
2.49
|
|
West Pit
3
|
WP3E-17-0011
|
54.60
|
56.05
|
1.45
|
4.27
|
|
West Pit
3
|
WP3E-17-0012
|
13.50
|
14.50
|
1.00
|
1.85
|
|
West Pit
3
|
WP3E-17-0014
|
20.30
|
25.10
|
4.80
|
1.78
|
|
Balogo
|
BDH199R
|
236.40
|
237.40
|
1.00
|
3.31
|
|
Balogo
|
BDH199R
|
246.55
|
249.20
|
2.65
|
3.58
|
|
Balogo
|
BDH200R
|
99.45
|
100.80
|
1.35
|
4.88
|
|
Balogo
|
BDH200R
|
213.00
|
214.00
|
1.00
|
1.40
|
|
Balogo
|
BDH201
|
54.40
|
55.40
|
1.00
|
1.42
|
|
Balogo
|
BDH201
|
69.35
|
75.50
|
6.15
|
1.87
|
|
Balogo
|
BDH202
|
104.40
|
105.30
|
0.90
|
1.71
|
|
Balogo
|
BDH202
|
107.35
|
107.85
|
0.50
|
2.01
|
|
Balogo
|
BDH207
|
31.80
|
34.75
|
2.95
|
2.56
|
|
Balogo
|
BDH207
|
47.90
|
52.55
|
4.65
|
8.96
|
Including 3.00
m @ 12.49
g/t and 1.00 m @ 23.20 g/t
|
Balogo
|
BDH208
|
31.20
|
36.30
|
5.10
|
28.11
|
Including 2.00
m @ 68.70 g/t
|
Balogo
|
BDH208
|
100.75
|
102.20
|
1.45
|
5.91
|
|
Balogo
|
BDH210
|
65.75
|
66.25
|
0.50
|
1.18
|
|
Balogo
|
BDH210
|
104.50
|
110.20
|
5.70
|
4.59
|
Including 2.10
m @ 9.93 g/t
|
Balogo
|
BDH213
|
135.80
|
138.50
|
2.70
|
1.09
|
|
Balogo
|
BDH213
|
242.85
|
243.85
|
1.00
|
1.21
|
|
Balogo
|
BDH213
|
257.75
|
259.00
|
1.25
|
12.32
|
Including 0.65
m @ 18.55 g/t
|
Balogo
|
BDH213
|
261.95
|
263.50
|
1.55
|
2.73
|
|
Balogo
|
BDH213
|
269.00
|
269.60
|
0.60
|
1.20
|
|
Balogo
|
BDH214
|
82.60
|
83.40
|
0.80
|
1.55
|
|
Balogo
|
BDH214
|
95.85
|
96.90
|
1.05
|
2.09
|
|
Balogo
|
BDH214
|
100.10
|
100.85
|
0.75
|
1.18
|
|
Balogo
|
BDH217
|
32.00
|
33.05
|
1.05
|
1.05
|
|
Balogo
|
BDH221
|
125.65
|
129.05
|
3.40
|
21.16
|
|
Balogo
|
BDH223
|
160.35
|
161.35
|
1.00
|
6.58
|
|
Balogo
|
BDH223
|
278.60
|
279.25
|
0.65
|
1.01
|
|
Balogo
|
BDH224
|
57.65
|
60.60
|
2.95
|
1.38
|
|
Balogo
|
BDH225
|
51.25
|
52.30
|
1.05
|
1.05
|
|
Balogo
|
BDH225
|
56.95
|
58.00
|
1.05
|
1.05
|
|
Balogo
|
BDH226
|
57.65
|
58.70
|
1.05
|
1.05
|
|
Balogo
|
BDH228
|
186.45
|
187.50
|
1.05
|
1.05
|
|
Balogo
|
BDH229
|
31.25
|
32.30
|
1.05
|
1.05
|
|
Balogo
|
BDH232
|
7.95
|
18.80
|
10.85
|
2.21
|
|
Balogo
|
BDH237
|
54.80
|
56.40
|
1.60
|
3.24
|
|
Balogo
|
BDH241
|
54.05
|
59.50
|
5.45
|
22.20
|
Including 2.50
m @ 44.84 g/t
|
Balogo
|
BDH242
|
118.75
|
119.25
|
0.50
|
6.71
|
|
Balogo
|
BDH243
|
57.50
|
58.35
|
0.85
|
6.95
|
|
Balogo
|
BDH252
|
124.60
|
125.75
|
1.15
|
5.37
|
|
Balogo
|
BDH252
|
129.55
|
133.55
|
4.00
|
12.12
|
Including 1.35
m @ 31.50 g/t
|
Balogo
|
BDH252
|
143.15
|
143.80
|
0.65
|
1.90
|
|
Balogo
|
BDH252
|
167.00
|
167.80
|
0.80
|
4.02
|
|
* Drilled widths; it
is estimated that true width will vary depending on the deposit.
Approximate true widths are detailed below:
Balogo (82%), Panga
(71%), Cobra Hill (82%), Balogo Hill (82%), A2NE (91%), WP3 (69%)
& WP4 (87%)
A full set of drill
results will be made available on our website at
www.Avesoro.com
|
Appendix 2: Technical Glossary
Au
|
Chemical symbol for
gold
|
Assay
|
The analysis of
minerals, rocks and mine products to determine and quantify
their
constituent parts
|
Cut-off
Grade
|
The lowest grade
value that is included in a resource statement
|
CIM
|
Canadian Institute of
Mining, Metallurgy and Petroleum
|
Diamond
Drilling
|
Drilling method which
obtains a cylindrical core of rock by drilling with an annular bit
impregnated with diamonds
|
Grade
|
The proportion of a
mineral within a rock or other material. For gold mineralisation
this
is usually reported as grams of gold per tonne of rock
(g/t)
|
g/t
|
Grammes per
tonne
|
Indicated Mineral
Resource
|
That part of a
mineral resource for which tonnage, densities, shape, physical
characteristics, grade and mineral content can be estimated with a
reasonable level of
confidence. It is based on exploration, sampling and testing
information gathered
through appropriate techniques from locations such as outcrops,
trenches, pits,
workings and drill holes. The locations are too widely or
inappropriately spaced to
confirm geological and/or grade continuity but are spaced closely
enough for continuity
to be assumed
|
Inferred
Mineral Resource
|
That part of a
mineral resource for which tonnage, grade and mineral content can
be
estimated with a low level of confidence. It is inferred from
geological evidence and
assumed but not verified geological and/or grade continuity. It is
based on information
gathered through appropriate techniques from locations such as
outcrops, trenches,
pits, workings and drill holes that may be limited, or of uncertain
quality and reliability
|
koz
|
Thousand troy
ounces
|
km
|
Kilometre
|
km2
|
Square
Kilometres
|
kt
|
Thousand tonnes
(1,000 tonnes)
|
Life of
Mine
|
The time in which,
through the employment of the available capital, the ore
reserves--or
such reasonable extension of the ore reserves as conservative
geological analysis may
justify--will be extracted.
|
m
|
metre
|
Mineral
Resource
|
A concentration or
occurrence of material of economic interest in or on the Earth's
crust
in such a form, quality, and quantity that there are reasonable and
realistic prospects
for eventual economic extraction. The location, quantity, grade,
continuity and other
geological characteristics of a Mineral Resource are known,
estimated from specific
geological knowledge, or interpreted from a well constrained and
portrayed geological
model
|
Measured
Resource
|
That part of a
Mineral Resource for which tonnage, densities, shape, physical
characteristics, grade and mineral content can be estimated with a
high level of
confidence. It is based on detailed and reliable exploration,
sampling and testing
information gathered through appropriate techniques from locations
such as outcrops,
trenches, pits, workings and drill holes. The locations are
spaced closely enough to
confirm geological and grade continuity
|
Moz
|
Million troy
ounces
|
Mt
|
Million
tonnes
|
NPV
|
Net Present Value is
a standard method in finance of capital budgeting-the planning
of
long-term investments; using the NPV method a potential investment
project should be
undertaken if the present value of all cash inflows minus the
present value of all cash
outflows (which equals the net present value) is greater than
zero
|
Open Pit
|
A surface
mine
|
Orebody
|
Mining term to define
a solid mass of mineralised rock which can be mined profitably
under current or immediately foreseeable economic conditions "ore"
a mineral deposit
that can be extracted and marketed profitably
|
Ore
Reserves
|
The economically
mineable part of a Measured or Indicated Mineral Resource
demonstrated by at least a Preliminary Feasibility Study. This
Study must include
adequate information on mining, processing, metallurgical, economic
and other relevant
factors that demonstrate, at the time of reporting, that economic
extraction can be
justified. A Mineral Reserve includes diluting materials and
allowances for losses that
may occur when the material is mined
|
Ounce / oz
|
Troy ounce,
equivalent to 31.103477 grams
|
Probable Mineral
Reserve
|
The economically
mineable part of an Indicated and, in some circumstances, a
Measured Mineral Resource
demonstrated by at least a Preliminary Feasibility Study. This
Study must include
adequate information on mining, processing, metallurgical,
economic, and other relevant
factors that demonstrate, at the time of reporting, that economic
extraction can be justified
|
Proven Mineral
Reserve
|
The economically
mineable part of a Measured Mineral Resource demonstrated by at
least a Preliminary Feasibility Study. This Study must include
adequate information on
mining, processing, metallurgical, economic, and other relevant
factors that
demonstrate, at the time of reporting, that economic extraction is
justified
|
t
|
Tonne (1 million
grams)
|
About Avesoro Resources Inc.
Avesoro Resources is a West
Africa focused gold producer and development company that
operates three gold mines across West
Africa and is listed on the Toronto Stock Exchange ("TSX")
and the AIM market operated by the London Stock Exchange ("AIM").
The Company's assets include the New Liberty Gold Mine in
Liberia (the "New Liberty Gold
Mine" or "New Liberty") and the Youga and Balogo Gold mines in
Burkina Faso ("Youga" and
"Balogo").
New Liberty 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 is set
out in an NI 43-101 compliant Technical Report dated November 1, 2017 and entitled "New Liberty Gold
Mine, Bea Mountain Mining Licence Southern Block, Liberia, West
Africa" and is available on SEDAR at www.sedar.com.
Ndablama has an estimated indicated mineral resource of 7.6Mt
with 386,000 ounces of gold grading 1.6 g/t and inferred mineral
resource of 9.6Mt with 515,000 ounces of gold grading 1.7 g/t.
Weaju has an inferred mineral resource of 2.7Mt with178,000
ounces of gold grading 2.1 g/t. The foregoing Mineral Resource
estimates and additional information in connection therewith is set
out in an NI 43-101 compliant Technical Report dated December 1, 2014 and entitled "Ndablama and Weaju
Gold Projects, Bea Mountain Mining Licence Northern Block,
Liberia, West Africa" and is available on SEDAR at
www.sedar.com.
Youga and Balogo have a combined estimated proven and probable
mineral reserve of 9.3Mt with 513,000 ounces of gold grading 1.7g/t
and a combined estimated indicated mineral resource of 16.05Mt with
801,600 ounces of gold grading 1.55g/t and a combined inferred
mineral resource of 13Mt with 655,000 ounces of gold grading
1.57g/t. The foregoing Mineral Reserve and Mineral Resource
estimates and additional information in connection therewith is set
out in two NI 43-101 compliant Technical Reports, dated
June 16, 2017 entitled "Mineral
Resource and Mineral Reserve Update for the Balogo Project" and
dated June 19, 2017 and entitled
"Mineral Resource and Mineral Reserve Update for the Youga and
Ouaré Projects" and are available on SEDAR at www.sedar.com.
For more information, please visit www.avesoro.com
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 the scientific and technical disclosures
contained in this announcement.
Forward Looking Statements
Certain information contained in this announcement constitutes
forward looking information or forward looking statements with the
meaning of applicable securities laws. This information or
statements may relate to future events, facts, or circumstances or
the Company's future financial or operating performance or other
future events or circumstances. All information other than
historical fact is forward looking information and involves known
and unknown risks, uncertainties and other factors which may cause
the actual results or performance to be materially different from
any future results, performance, events or circumstances expressed
or implied by such forward-looking statements or information. Such
statements can be identified by the use of words such as
"anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "would", "project", "should", "believe", "target",
"predict" and "potential". No assurance can be given that this
information will prove to be correct and such forward looking
information included in this announcement should not be unduly
relied upon. Forward looking information and statements speaks only
as of the date of this announcement.
Forward looking statements or information in this announcement
include, among other things, statements regarding the allocation of
US$25 million to exploration with
eight diamond drill rigs increasing to 24 drill rigs for
171,000m in 2018, and statements
regarding each of the foregoing for the Company's New Liberty,
Youga and Balogo mines.
In making the forward looking information or statements
contained in this announcement, assumptions have been made
regarding, among other things: general business, economic and
mining industry conditions; interest rates and foreign exchange
rates; the availability and reliability of infrastructure and
processing facilities; the continuing accuracy of Mineral Resource
and Reserve estimates; geological and metallurgical conditions
(including with respect to the size, grade and recoverability of
Mineral Resources and Reserves) and cost estimates on which the
Mineral Resource and Reserve estimates are based; the supply and
demand for commodities and precious and base metals and the level
and volatility of the prices of gold; market competition; the
ability of the Company to raise sufficient funds from capital
markets and/or debt to meet its future obligations and planned
activities and that unforeseen events do not impact the ability of
the Company to use existing funds to fund future plans and projects
as currently contemplated; the stability and predictability of the
political environments and legal and regulatory frameworks
including with respect to, among other things, the ability of the
Company to obtain, maintain, renew and/or extend required permits,
licences, authorizations and/or approvals from the appropriate
regulatory authorities; that contractual counterparties perform as
agreed; and the ability of the Company to continue to obtain
qualified staff and equipment in a timely and cost-efficient manner
to meet its demand.
Actual results could differ materially from those anticipated in
the forward looking information or statements contained in this
announcement as a result of risks and uncertainties (both foreseen
and unforeseen) and should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indicators of whether or not such results will be achieved. These
risks and uncertainties include the risks normally incidental to
exploration and development of mineral projects and the conduct of
mining operations (including exploration failure, cost overruns or
increases, and operational difficulties resulting from plant or
equipment failure, among others); the inability of the Company to
obtain required financing when needed and/or on acceptable terms or
at all; risks related to operating in West Africa, including potentially more
limited infrastructure and/or less developed legal and regulatory
regimes; health risks associated with the mining workforce in
West Africa; risks related to the
Company's title to its mineral properties; the risk of adverse
changes in commodity prices; the risk that the Company's
exploration for and development of mineral deposits may not be
successful; the inability of the Company to obtain, maintain, renew
and/or extend required licences, permits, authorizations and/or
approvals from the appropriate regulatory authorities and other
risks relating to the legal and regulatory frameworks in
jurisdictions where the Company operates, including adverse or
arbitrary changes in applicable laws or regulations or in their
enforcement; competitive conditions in the mineral exploration and
mining industry; risks related to obtaining insurance or adequate
levels of insurance for the Company's operations; that Mineral
Resource and Reserve estimates are only estimates and actual metal
produced may be less than estimated in a Mineral Resource or
Reserve estimate; the risk that the Company will be unable to
delineate additional Mineral Resources; risks related to
environmental regulations and cost of compliance, as well as costs
associated with possible breaches of such regulations;
uncertainties in the interpretation of results from drilling; risks
related to the tax residency of the Company; the possibility that
future exploration, development or mining results will not be
consistent with expectations; the risk of delays in construction
resulting from, among others, the failure to obtain materials in a
timely manner or on a delayed schedule; inflation pressures which
may increase the cost of production or of consumables beyond what
is estimated in studies and forecasts; changes in exchange and
interest rates; risks related to the activities of artisanal
miners, whose activities could delay or hinder exploration or
mining operations; the risk that third parties to contracts may not
perform as contracted or may breach their agreements; the risk that
plant, equipment or labour may not be available at a reasonable
cost or at all, or cease to be available, or in the case of labour,
may undertake strike or other labour actions; the inability to
attract and retain key management and personnel; and the risk of
political uncertainty, terrorism, civil strife, or war in the
jurisdictions in which the Company operates, or in neighbouring
jurisdictions which could impact on the Company's exploration,
development and operating activities.
This announcement also contains Mineral Resource and Mineral
Reserve estimates. Information relating to Mineral Resource and
Mineral Reserve contained in this announcement is considered
forward looking information in nature, as such estimates are
estimates only, and that involve the implied assessment of the
amount of minerals that may be economically extracted in a given
area based on certain judgments and assumptions made by qualified
persons, including the future economic viability of the deposit
based on, among other things, future estimates of commodity prices.
Such estimates are expressions of judgment and opinion based on the
knowledge, mining experience, analysis of drilling results and
industry practices of the qualified persons making the estimate.
Valid estimates made at a given time may significantly change when
new information becomes available, and may have to change as a
result of numerous factors, including changes in the prevailing
price of gold. By their nature, Mineral Resource and Mineral
Reserve estimates are imprecise and depend, to a certain extent,
upon statistical inferences which may ultimately prove unreliable.
If such Mineral Resource and Mineral Reserve estimates are
inaccurate or are reduced in the future (including through changes
in grade or tonnage), this could have a material adverse impact on
the Company and its operating and financial performance. Mineral
resources that are not mineral reserves do not have demonstrated
economic viability. Due to the uncertainty that may be attached to
inferred mineral resources, it cannot be assumed that all or any
part of an inferred mineral resource will be upgraded to an
indicated or measured mineral resource as a result of continued
exploration.
Although the forward-looking statements contained in this
announcement are based upon what management believes are reasonable
assumptions, the Company cannot provide assurance that actual
results or performance will be consistent with these
forward-looking statements. The forward looking information and
statements included in this announcement are expressly qualified by
this cautionary statement and are made only as of the date of this
announcement. The Company does not undertake any obligation to
publicly update or revise any forward looking information except as
required by applicable securities laws.
SOURCE Avesoro Resources Inc.