Gold

Avion Gold Corporation (CVE:AVR) and Avocet Mining PLC (LON:AVM) announced that they have closed Avion’s previously announced acquisition of a 100% interest in the Hounde Group concessions in Burkina Faso.

Avion Gold Corporation (TSXV:AVR) and Avocet Mining PLC (LON:AVM) announced that they have closed Avion’s previously announced acquisition of a 100% interest in the Hounde Group concessions in Burkina Faso.

The press release is quoted as saying:

In consideration for 100% of the Hounde assets, Avion has issued Avocet 10,300,000 shares of Avion. This very large property lies within a new emerging gold camp, along more than 60 kilometres of the same geological package that hosts SEMAFO’s Mana Mine to the northeast, which has Reserves of 1.77 million ounces, Measured and Indicated resources of 0.52 million ounces of gold and anticipated 2010 production of over 235,000 ounces. ACC Resources Ltd.’s (“ACC”) Dossi zone is adjacent to the east of the Hounde Group, and is estimated to contain approximately 1 million ounces of non 43-101 compliant Au resources (as per ACC’s corporate web site).

Click here to access the entire press release

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