Avion triples Hounde resource to 1.6M oz. gold

摘要

In less than two years, Avion Gold (avr-t) has turned a group of early stage mineral concessions in Burkina Faso into a 1.6-million-oz. gold project, with management convinced of its potential for growth. Acquired for 10.3 million shares in 2010 from West Africa-focused gold miner Avocet Mining (avm-l), Avion's Hounde project has since seen 19,800 metres of drilling in 109 core and reverse-circulation holes. An updated National Instrument 43-101 compliant resource estimate on Dec. 21 pegged the project's open-pit indicated gold resources at 13.4 million tonnes grading 2.07 grams gold per tonne, containing 893,000 oz. gold at a 0.5-gram-gold cut-off grade. In-pit inferred resources similarly stand at 10.7 million tonnes grading 2.07 grams gold, containing 712,000 oz. gold for a total of 1.60 million oz. gold across all categories.