• Access To Financings
  • Transparent
  • Innovative
  • Well-Connected

Avion Gold Corporation: Tabakoto South Intercepts Expand Extent of Higher Grade Gold Zones

Avion Gold Corporation is pleased to announce new drill results for the area just south of the Tabakoto Pit. This area hosts the Tabakoto South Trend northeast-trending cross structures that combined have been traced for 450 metres along strike and to 250 metres depth

Intercept highlights include the following:

  • 9.09 g/t Au over 8.0 metres
  • 17.86 g/t Au over 2.4 metres
  • 21.4 g/t Au over 6.2 metres
  • 16.86 g/t Au over 5.7 metres
  • 80.86 g/t Au over 2.3 metres

The Tabakoto South Trend lies approximately 260 metres southeast, and is parallel to the NE1 zone described in Avion’s News release dated September 9th, 2010. Within this trend, two coherent, partially overlapping zones of higher grade mineralization have been identified: the Tabakoto South and Dabo zones (see figures). A summary of drill hole intercepts are presented in a table at the end of this release.

The Tabakoto South zone, was tested with fourteen holes in 2010 and has been traced for approximately 300 metres along strike, to 275 metres below surface and is open to depth (see Figure). This year’s program has demonstrated that higher grade portions of the zone are predictable along a moderate to steep east plunge and that the zone is open down plunge. Two of the deepest holes returned intercepts of 16.86 g/t Au over 5.7 metres and 5.06 g/t Au over 5.6 metres. 

The Dabo zone has been traced for approximately 250 metres along strike, to 250 metres depth and is open down plunge below the deepest hole which returned 11.83 g/t Au over 9.2 metres. Drilling to extend this zone down dip and along strike to the west did not extend the zone.

The Tabakoto South and Dabo zones lie along a four kilometre long northerly trend that is cut by both northeast- and northwest-trending cross structures that often host high grade gold mineralization. These structures are the focus of Avion’s Tabakoto pit area exploration plans and underground mine development at Tabakoto. Exploration in 2010 has focused drilling on seven of these cross-structures, in the immediate Tabakoto pit area. Two additional cross structures are highlighted in this release.

Subsequent exploration updates on the remaining two major cross-structures are planned once the drilling is completed and the results are available. Future Tabakoto area exploration will continue to focus on systematically defining the known cross structures and tracing them along strike and down plunge.

Drilling also intersected several other cross structures with an intercept of 6.8 g/t Au over 4.0 metres in hole T-10-36 and a fourth zone near the top of the hole T-10-47 where an intercept of 1.89 g/t Au over 5.7 metres was returned. Drilling will be required in order to determine the strike extent of these mineralized intercepts.

John Begeman, Avion’s President and CEO, stated: “As expected, the cross structures continue to return exceptional drill results and demonstrate that the mineralized system is still open to depth and that the potential for the discovery of new zones is high. Avion’s management believes that continued exploration will continue to turn up new structures that can potentially add to our ability to increase our overall resources.”

In 2010 Avion has completed over 440 core and reverse circulation drill holes totaling approximately 53,300 metres of drilling, at its Tabakoto and Hounde properties. This work has focused predominantly on the Dioulafoundou, Tabakoto, Djambaye II, Ségala and Vindaloo areas. Drilling will recommence on the Houndé property, Burkina Faso, which Avion is in the process of acquiring (See News Release dated July 5, 2010), in October, 2010 with approximately 4,000 metres of drilling planned. Drilling is planned for the Kofi property, Mali, once the concession permits are transferred to Avion (See News Release dated March 31, 2010).

Full release