StockMarketWire.com - Avesoro Resources has started an infill drilling campaign at its New Liberty gold mine.

Avesoro said that four diamond drill rigs had been mobilised to its wholly owned mine and had commenced a 14,000 metre diamond core drilling campaign targeting an area of the New Liberty resource model containing an inferred mineral resource of some 3.5Mt with a mean grade of 2.8g/t Au and containing 315koz of gold.

It said this inferred material was located within and below the current pit design and was within the open pit reporting limits, but due to its resource classification was currently treated as waste in the mineral resource announced on 11 Oct.

It said the objective of the 46 hole infill drilling programme was to increase confidence in the continuity of the ore body and upgrade the classification of a proportion of the inferred material to an indicated mineral resource, and thereby increase the tonnage of mineralisation that can be converted to a mineral reserve and included in the economic model as required by NI 43-101.

Avesoro anticipates that this drilling programme will be completed during Q1 2018, at which time the company will commence work on an updated mineral resource and reserve statement.


At 8:24am: [LON:ASO] Avesoro Resources Inc. Com Shs Npv Di share price was 0p at 1.95p



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