AIM / TSX: ASO
TORONTO, Aug. 2, 2018 /CNW/ - 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).
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.
SOURCE Avesoro Resources Inc.