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Koulekoun Project
Koulekoun
Country Guinea 
Status ADVANCED DISCOVERY 
Legends
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Risk and valuation analysis of the Koulekoun Project
Status Risk : Advanced discovery
Country Risk : Moderate
Resource Risk : 39.00%
In situ value
868,810,238 $
Title(s) of the Koulekoun Project
Avocet Mining PLC
Option on interest: 100%
Company ProfileAll ProjectsCompany website
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
The 270km2 Koulekoun Exploration License is held 95% by Wega Mining Guinée SA, which is 95 % held by Wega Mining ASA. Wega Mining Guinée SA has the option to purchase the remaining 5%.
Location of the Koulekoun Project
The licence surface measures 196 square kilometers, South of the local centre Mandiana, and 45km North-East of Kankan.
 
Geology of the Koulekoun Project
A drill indicated resource of 150,000 ounces has been reported, based on 2.8 million tonnes of ore at 1.7g/t from a drill program performed by a local operator but supervised by Pierre Lalande. The best holes showed 12.4g/t over 22m, 5.3g/t over 7m, 25.6 g/t over 3m and 2.1g/t over 11m.
 
Reserves and resources of the Koulekoun Project
TonnageGradeReserves and resources
GoldGold
g/toz
 Indicated12,690,0001.55 632 389
 Mesured and Indicated12,690,0001.55 632 389
 Inferred720,0001.48 34 260
 Total 13 410 000 666 649
Definitions
Reserves and resources of the Koulekoun Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Gold 666 649 632 389 632 389 34 260oz 868 976 900 US$
Exploration and drilling
4/7/2008HIGHER GOLD GRADES FROM KOULEKOUN IN GUINEA
Discoveries and Drilling Results
8/21/2008629 000 OUNCE GOLD RESOURCE DOCUMENTED AT KOULEKOUN
5/19/2008NEW PROMISING RESULTS FROM KOULEKOUN, GUINEA
Data last updated on : 4/14/2009
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources