Gold

Avnel Gold (TSE:AVK)’s drilling results announced today show the potential for bulk tonnage, open pittable gold mineralisation at the company’s Kalana permit in south-western Mali.

Avnel Gold (TSX:AVK)’s drilling results announced today show the potential for bulk tonnage, open pittable gold mineralisation at the company’s Kalana permit in south-western Mali.

The press release is quoted as saying:

A relatively small underground mine currently extracts ~20kozpa from high-grade quartz veins on the property. However, Avnel is focused on the area’s potential to host significantly larger bulk deposits. Extensive exploration work is being undertaken in partnership with TSX-listed IAMGOLD, which has the option to earn an initial 51% of Avnel’s 80% stake in the 30-year permit by spending US$11m over three years and delivering a resource of 2Moz (although we believe the permit has the potential to deliver a resource of at least double this).

Click here to access the entire press release.

Featured

MARKETS

Markets
TSX20197.51+15.59
TSXV704.58-1.00
DOW31142.09-111.04
S&P 5003891.72-9.07
NASD11357.05-31.44
ASX7064.50-118.20

COMMODITIES

Commodities
Gold1838.36-3.83
Silver21.69-0.21
Copper4.280.00
Palladium1991.00-13.00
Platinum956.50-2.50
Oil112.60+0.39
Heating Oil3.66-0.01
Natural Gas8.14-0.17

DOWNLOAD FREE REPORTS

×