Avala Resources Reports Korkan Infill Drilling Program Results

Avala Resources Reports Korkan Infill Drilling Program Results 
LONGUEUIL, QUEBEC -- (Marketwire) -- 03/25/13 -- Avala Resources Ltd.
(TSX VENTURE:AVZ) (the "Company" or "Avala") is pleased to present
drill results from the Korkan infill drilling program, part of the
Timok Gold Project. 


 
1.  HIGHLIGHTS

 
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) ("AMC") in order to
    produce an updated NI 43-101 compliant resource estimate. 
--  Very encouraging gold intercepts (0.4 g/t Au cut-off grade) have been
    returned from the infill drilling program, typically characterised by
    multiple gold mineralized intersections per hole.
 
----------------------------------------------------------------------------
Hole ID         From (m)       To (m) Interval (m)     Au (g/t)  Gram-meters
----------------------------------------------------------------------------
KORC190               20           35           15         2.18           33
KORC190               94          104           10         0.60            6
KORC190              174          248           74         1.96          145
KORC192               41           57           16         0.74           12
KORC192               63          111           48         2.85          137
KORC192              160          170           10         0.54            5
KORC203               22           76           54         1.84           99
KORC203               91          100            9         1.91           17
KORC208(i)            18           55           37         0.62           23
KORC208(i)           160          184           24         1.48           36
KORC208(i)           196          226           30         3.99          120
KORC224              222          257           35         5.69          199
KORC254                5           22           17         0.71           12
KORC254               35           78           43         1.95           84
KORC254              108          120           12         0.55            7
KORC255               21           91           70         2.06          144
KORC270               95          120           25         1.75           44
KORC270              128          143           15         2.87           43
KORC282               11           85           74         5.46          404
KORC285               23           68           45         2.61          117
KORC286               10           41           31         1.29           40
KORC286               47           84           37         2.39           88
KORC287               29          122           93         1.92          179
KORC288               48           56            8         1.20           10
KORC288               75           99           24         4.75          114
KORC288              110          129           19         0.73           14
KORC293               12           61           49         2.72          133
----------------------------------------------------------------------------
 
--  Note: Intersections calculated using 5 meter minimum thickness, 5 meter
    maximum included waste. 
--  Note: Minor intercepts in KORC208 omitted for clarity. Refer to Table 1
    for full intersection listing.
 
2.  INFILL DRILLING AT KORKAN
 
--  Avala commenced infill drilling at Korkan in August 2012 and the program
    was completed in October, for a total of 20,889.7 meters (20,323 meters
    of reverse circulation drilling and 566.7 meters of diamond drilling). 
--  A total of 134 RC drill holes, for 20,323 meters, have been completed in
    the infill drilling program, to provide a notional 40m by 40m drill
    collar spacing. The average hole depth is 152 meters and the calculated
    drill recovery is 90%. 
--  In addition, one diamond drill hole was also completed during the infill
    drilling program and a 92% core recovery was recorded. 
--  Refer to Table 1 for a summary of the Korkan infill drill program
    intersections at a 0.4g/t Au cut-off grade. Figure 1 shows a gram-meter
    total metal contour plot (intervals greater than 0.4g/t Au x thickness),
    of all Korkan drilling to date, superimposed on topographic contours.
    Drill collars for holes reported in this release are highlighted in red
    in Figure 1. Figure 2 displays the gram-meter total metal contour plot
    for the Korkan resource area. 
--  Multiple gold mineralized intercepts per hole are a common feature of
    the gold mineralization outlined to date in the Bigar Hill, Korkan and
    Kraku Pester target areas.
 
3.  CANADIAN NATIONAL INSTRUMENT 43-101 COMPLIANT RESOURCE ESTIMATION
 
--  Following full internal validation, the updated Korkan exploration
    database has been delivered to AMC in order to undertake an independent
    resource estimation update. 
--  It is planned to complete the updated Canadian National Instrument 43-
    101 compliant resource estimate on Korkan during Q2, 2013. 
--  All drill holes have been down-hole surveyed at regular intervals; with
    drill collars surveyed using DGPS or total station surveying methods.
    The topographic surface is based on detailed DGPS and total station
    surveying methods, with an average survey station spacing of
    approximately 15 meters by 15 meters.  
--  As per standard Avala data acquisition protocols, a full set of field
    duplicates, lab duplicates and replicates, blanks and internationally
    accredited assay standards have been routinely collected and inserted
    into the sample sequence. 
--  All drill hole assaying and bulk density measurements have been carried
    out independently by SGS.
 
4.  ADDITIONAL INFORMATION
 
--  Figure 3 shows the location of the Korkan deposit within the greater
    sediment-hosted gold belt, as defined in this image by mapped 'target
    stratigraphy'. Figure 3 also shows anomalous gold soil geochemistry, on
    which the total metal contour plots, based on drill intersections, are
    superimposed 
--  Please see the following link to view all Korkan-Bigar and Kraku Pestar
    drill holes located spatially in three dimensions:
    http://www.corebox.net/properties/timok-gold-project
 
5.  SAMPLING AND ANALYSIS

 
The Company has established a fully equipped, 'state of the art'
laboratory facility at Bor, Eastern Serbia which is independently
managed by SGS. Diamond drill core and RC samples have been prepared
and assayed at the SGS-managed laboratory facility at Bor. A one
metre sampling interval has been used where possible for the
Sediment-Hosted Gold project diamond drilling program. Half core is
routinely submitted to the laboratory for analysis. Reverse
circulation drill samples, collected using a routine one meter
sampling interval, have been prepared and assayed at the laboratory
facility at Bor. Following Avala standard quality assurance
procedures, a full suite of field and laboratory duplicates and
replicates along with internationally accredited standards and
blanks, have been submitted with each batch of samples. 
All data collected in the field was routinely entered into geology
and structural geology spread sheets using Field Marshal software for
subsequent entry to an acQuire database and validation. 
Dr Julian F. H. Barnes, a qualified person under National Instrument
43-101, a Director and the Company's Special Consultant, has
supervised the preparation of the technical data in this press
release. 
About Avala Resources Ltd.: Avala Resources is a mineral exploration
company focused on the exploration and development of the Timok Gold
Project in Eastern Serbia. Avala has recently announced a NI 43-101
compliant resource estimates on the three principal targets of its
Timok Gold Project. Avala controls 100% of this newly identified
sediment-hosted gold belt, which totals approximately 1,200 square
kilometers. The common shares of Avala trade on the TSX Venture
Exchange under the symbol 'AVZ'. Avala's issued and outstanding share
capital totals 254,492,223 common shares, of which approximately
53.1% is held by Dundee Precious Metals Inc. (TSX: DPM). Avala is
well-capitalized, with approximately $9 million in its treasury at
January 31, 2013, which it plans to use for the exploration and
development of its mineral projects in Serbia.  
Cautionary Statement 
This press release contains 'forward-looking information' within the
meaning of applicable Canadian securities legislation. Forward
looking information in this news release includes information with
respect to the plans to complete an updated NI 43-101 compliant
mineral resources, the timing and location of future work programs,
the results and interpretation of studies and exploration activities,
the nature of the mineralization of the project, and the potential
size of the sediment-hosted gold system.  
Forward-looking information is based on reasonable assumptions that
have been made by the Company as at the date of the information and
is subject to known and unknown risks, uncertainties, and other
factors that may cause actual results or events to differ materially
from those anticipated in the forward-looking information. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be factors that cause results
to be other than as anticipated, estimated or intended. There can be
no assurance that the forward looking information will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such information. Accordingly, readers
should not place undue reliance on forward-looking information
contained herein, except in accordance with applicable securities
laws. 
Figures 1 to 3 and Table 1 are available at the following link:
http://media3.marketwire.com/docs/avz_0325.pdf 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
release. 
Contacts:
Avala Resources Ltd.
James Crombie, President and Chief Executive Officer
+1.450.640.0810
info@avalaresources.com
www.avalaresources.com
 
 
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