Avala Resources Files Technical Report for its Timok Gold Project
December 02 2013 - 2:59PM
Marketwired
Avala Resources Files Technical Report for its Timok Gold Project
LONGUEUIL, QUEBEC--(Marketwired - Dec 2, 2013) - Avala Resources
Ltd. ("Avala") (TSX-VENTURE:AVZ) reports the filing of a technical
report in accordance with National Instrument 43-101 in support of
the updated mineral resource estimate announced in Avala's October
16, 2013 news release. The technical report also includes detailed
information about the metallurgical testwork carried out during
2013 on the Bigar Hill, Korkan and Kraku Pester deposits, which
form part of the Timok Gold Project (news release of November 25,
2013).
The independent technical report which has an effective date of
October 14, 2013 was prepared by Chris Arnold, MAusIMM CP(Geo) of
AMC Consultants (UK) Limited, Deepak Malhotra, PhD, SME of Resource
Development Inc., and Michael Hallewell, BSc, F.I.M.M.M, F.M.E.S,
F.S.A.I.M.M, C.Eng of SGS Minerals Services UK Ltd. The report is
available on SEDAR (www.sedar.com) and on the website of Avala
(www.avalaresources.com).
About Avala Resources Ltd.: Avala Resources is a mineral
exploration company focused on the exploration and development of
the Timok Gold Project in Eastern Serbia. The Timok Gold Project
comprises the Bigar Hill, Korkan, and Kraku Pestar deposits. Avala
controls 100% of this recently identified sediment-hosted gold belt
which totals approximately 250 square kilometers.
Avala had approximately $4.5 million in its treasury at
September 30, 2013. Avala's issued and outstanding share capital
totals 254,492,223 common shares, of which approximately 53.1% is
held by Dundee Precious Metals Inc. (TSX:DPM). The common shares of
Avala trade on the TSX Venture Exchange under the symbol 'AVZ'.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Avala Resources Ltd.James CrombiePresident and Chief Executive
Officer+1.450.640.0810info@avalaresources.comwww.avalaresources.com
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