Avesoro Resources Inc. FILING OF NI43-101 TECHNICAL REPORT FOR YOUGA MINE (5416W)
02 August 2018 - 4:00PM
UK Regulatory
TIDMASO
RNS Number : 5416W
Avesoro Resources Inc.
02 August 2018
2 August 2018
Avesoro Resources Inc.
TSX: ASO
AIM: ASO
FILING OF NI 43-101 TECHNICAL REPORT
FOR THE YOUGA GOLD MINE, BURKINA FASO
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 Youga Gold Mine in Burkina Faso (the "Report").
The Report supports the disclosure made by the Company in its
announcement dated June 19, 2018 entitled "Avesoro Reports a 29%
Increase in Mineral Reserves at the Youga Gold Mine" and there are
no material differences in the Report from those disclosed in the
announcement.
The Report has an effective date of July 31, 2018 and is
entitled "Mineral Resource and Mineral Reserve Update for the Youga
Gold Mine, Burkina Faso", and was prepared by CSA Global (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).
Contact Information
Avesoro Resources Inc.
Geoff Eyre / Nick Smith
Tel: +44(0) 20 3405 9160
Camarco finnCap
(IR / Financial PR) (Nominated Adviser and Joint Broker)
Gordon Poole / Nick Hennis Christopher Raggett / Scott Mathieson
Tel: +44(0) 20 3757 4980 Tel: +44(0) 20 7220 0500
Berenberg Hannam & Partners (Advisory) LLP
(Joint Broker) (Joint Broker)
Matthew Armitt / Sara MacGrath Rupert Fane / Ingo Hofmaier / Ernest
/ Charlotte Sutcliffe Bell
Tel: +44(0) 20 3207 7800 Tel: +44(0) 20 7907 8500
About Avesoro Resources Inc.
Avesoro Resources is a West Africa focused gold producer and
development company that operates two 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 ("New Liberty")
and the Youga Gold Mine in Burkina Faso ("Youga").
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,
prepared in accordance with CIM guidelines, 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.
Youga has an estimated Proven and Probable Mineral Reserve of
11.2Mt with 660,100 ounces of gold grading 1.84g/t and a combined
estimated Measured and Indicated Mineral Resource of 16.64Mt with
924,200 ounces of gold grading 1.73g/t and an Inferred Mineral
Resource of 13Mt with 685,000 ounces of gold grading 1.70g/t. An
independent NI 43-101 technical report with respect to the Youga
Gold Mine will be filed 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 this press
release. Mr. Pryor has verified the underlying technical data
disclosed in this press release.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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