Avnel Drills 100.3 g/t Au Over 10 m at Kalana Main and Provides Exploration Update
SAINT PETER PORT, GUERNSEY--(Marketwired - June 11, 2015) - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is pleased to provide an update on its ongoing 30,000-metre ("m") drill program that is in support of a Definitive Feasibility Study ("DFS") for its Kalana Main project in south-western Mali, West Africa.
Kalana Main Drill Program Highlights:
- High-grade western extension of Vein 1 confirmed
- Infill and gap drilling encounters high grades over long intersections
- Significant northern extensions discovered
- Extension and infill drilling underway on the east and south-east portions of the deposit
- Updated mineral resource estimate expected in late September 2015
Exploration at Kalana Main Continues to Deliver Positive Results
"I am delighted to report that drilling near the pit shell limits of the Mineral Resource has encountered significant high-grade gold mineralisation in the western portion of the deposit and new mineralisation in the north. We are confident that this western drilling will support the conversion of a meaningful portion of our Inferred Resource into the measured and indicated categories. We also expect the drilling in the north to add new in-pit resources," stated Howard Miller, Avnel's Chairman and CEO.
"I am also pleased to report that infill and gap drilling continues to reinforce our confidence in our geological model. This drilling is expected to improve the continuity of mineralisation in the block model and result in an increase to the Mineral Resource. We look forward to completing the drill program in mid-July and updating the Mineral Resource estimate in late September. The updated Mineral Resource will form the basis for a Definitive Feasibility Study that is scheduled to be completed in the first quarter of next year.."
Quelle: avnelgold.com
Quelle: avnelgold.com
Quelle: avnelgold.com
Quelle: bigcharts.com
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