Avala Resources is pleased to announce the results of an independent preliminary economic assessment and an updated mineral resource estimate for its 100% owned Timok Gold Project located in Eastern Serbia. Highlights of the Timok Gold Project PEA Open pit gold mine with an initial life of mine of 8.4 years. Average annual gold production LOM of [...]
Avala Resources is pleased to announce a resource estimate for the Korkan East deposit, which is part of its Timok Gold Project located in Eastern Serbia. Using a 2g/t in situ gold-equivalent cut-off grade (Au_Eq) the Korkan East deposit contains in-situ inferred resources of 1.37 million tonnes at an average grade of 3.4g/t gold (Au), 44 g/t [...]
Avala Resources reports that Jonathan Goodman has resigned as a director of the Company and Rick Howes has been appointed to fill the vacancy created by Mr. Goodman's departure. The board of directors of the Company wishes to thank Mr. Goodman for his valuable contribution as a director since 2010. Rick Howes is a professional engineer and holds a [...]
Avala Resources reports the filing of a technical report in accordance with National Instrument 43-101 in support of the updated mineral resource estimate announced in Avala's October 16, 2013 news release. The technical report also includes detailed information about the metallurgical testwork carried out during 2013 on the Bigar Hill, Korkan and [...]
Avala Resources is pleased to announce that ongoing metallurgical testwork on the Bigar Hill, Korkan and Kraku Pester deposits, which form part of the Timok Gold Project, has confirmed that a gold-rich pyrite concentrate suitable for sale to smelters can be produced using conventional mineral unit processes. Commenting on the results of the [...]
Avala Resources is pleased to present drill results from additional drilling and assaying on the Korkan East sector, part of its Timok Gold Project, a recent gold discovery in an emerging sediment-hosted gold belt located in Eastern Serbia. Korkan East, in part, comprises a polymetallic style of mineralization, containing elevated levels of gold [...]
Avala Resources is pleased to announce updated Canadian National Instrument 43-101 resource estimates for the Bigar Hill and Korkan deposits, part of its Timok Gold Project, a recent gold discovery in an emerging sediment-hosted gold belt located in Eastern Serbia. In 2012 and early 2013, the Company announced initial resource estimates for the [...]
Avala Resources held its annual general and special meeting of shareholders on June 18, 2013. All items of business on the agenda were approved including the re-election of the eight directors, the re-appointment of the independent auditors, and the confirmation of the stock option plan. Avala also announces that, subject to regulatory approval, it [...]
Avala Resources is pleased to present drill results from the Korkan infill drilling program, part of the Timok Gold Project. Korkan Infill Drilling Program: The 40 metre by 40 metre infill drilling program at Korkan has been completed and a validated database has been delivered to independent mining consultants AMC Consultants Limited (UK) in order [...]
Avala Resources reports the filing on SEDAR of an updated NI 43-101 technical report on its Timok Gold Project, including the Kraku Pester mineral resource estimate announced in a press release on January 14, 2013. The technical report was prepared by Chris Arnold, MAusIMM (CP), of AMC Consultants (UK) Limited and Deepak Malhotra, P. Eng, PhD [...]
Avala Resource is pleased to present drill results from the Bigar Hill Infill drilling program, part of the Timok Gold Project, and details of its belt-wide ground acquisition program. Bigar Hill Infill Drilling Program. The 40 metre by 40 metre infill drilling program at Bigar Hill has been completed and a validated database has been delivered to [...]
Avala Resourcesis pleased to announce that it has closed a brokered financing for gross proceeds of $8,000,000. A total of 40,000,000 units, each comprised of one common share of the Company and one share purchase warrant, were sold at $0.20 per Unit. Each Warrant is exercisable for a period of 24 months from closing at an exercise price of $0.30 [...]
