UPDATE: Avion Gold Up 2% As Announces Increased Resource Estimate for Hounde Property
Avion Gold Corporation (AVR.TO) opened up to $1.76, but has now moved even higher to $1.74 after rising almost 2% from yesterday's $1.71 close, as it announce today its updated mineral resourceestimation for the Hounde Project, Burkina Faso that includes all exploration drilling completed to date.
The company said the current resource estimate for the Vindaloo zone at the Hounde Project represents a 1,400% increase in Open Pit Indicated mineral resources from 883,000 tonnes Indicated Mineral Resources at 2.23 g/t Au totaling 63,000 ounces of gold to 13.41 million tonnes at 2.07 g/t Au for a total of 893,000 ounces of gold.
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