Avesoro Resources Inc. (DI) (ASO)

Sector:

Mining

Index:

FTSE AIM All-Share

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 69.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 205.50
  • 52 Week Low: 31.50
  • Currency: UK Pounds
  • Shares Issued: 81.58m
  • Volume: 5,177
  • Market Cap: £56.29m
  • RiskGrade: 752
  • Beta: 0.00

Avesoro begins 14,000 metre diamond drilling campaign at New Liberty

By Josh White

Date: Friday 17 Nov 2017

LONDON (ShareCast) - (ShareCast News) - West Africa-focussed gold producer Avesoro Resources announced on Friday that four diamond drill rigs have been mobilised to its wholly-owned New Liberty Gold Mine, and have commenced a 14,000 metre diamond core drilling campaign.
The AIM-traded firm said the campaign was 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 that 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 by the company on 11 October.

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 could be converted to a mineral reserve and included in the economic model as required by NI 43-101.

It anticipated that the drilling programme would be completed during the first quarter of 2018, at which time the company would start work on an updated mineral resource and reserve statement.

"I am pleased to announce the start of this infill drilling programme at New Liberty," said Avesoro CEO Serhan Umurhan.

"We expect drilling operations to be completed during Q1 2018 and I look forward to updating shareholders on the progress of this campaign which we believe has the potential to increase the mine life and significantly add to the value of New Liberty."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASO Market Data

Currency UK Pounds
Share Price 69.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 205.50
52 Week Low 31.50
Volume 5,177
Shares Issued 81.58m
Market Cap £56.29m
Beta 0.00
RiskGrade 752

ASO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
3.68% below the market average3.68% below the market average3.68% below the market average3.68% below the market average3.68% below the market average
74.8% below the sector average74.8% below the sector average74.8% below the sector average74.8% below the sector average74.8% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
45.16% above the sector average45.16% above the sector average45.16% above the sector average45.16% above the sector average45.16% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 3
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ASO Dividends

No dividends found

Trades for 16-Aug-2019

Time Volume / Share Price
16:06 1,093 @ 69.85p
16:01 1,093 @ 68.10p
15:01 52 @ 68.10p
14:48 50 @ 68.10p
10:02 950 @ 68.10p

ASO Key Personnel

CEO Serhan Umurhan
CFO Geoff Eyre

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