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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 1.0M
AVZ On Other Exchanges
As of 3:59 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

avala resources ltd (AVZ) Snapshot

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avala resources ltd (AVZ) Details

Avala Resources Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in the Republic of Serbia. It primarily explores for gold and copper deposits. The company’s principal projects include the Timok Gold project, which includes the Bigar Hill, Korkan, Kraku Pester, and Korkan East deposits that are located in the western margin of the Timok Magmatic complex; and the Tulare Copper-Gold Porphyry project that comprises the Kiseljak and Yellow Creek deposits, as well as the Gubavce-Bakrenjaca carbonate-base metal gold epithermal vein system located within the Lece Volcanic complex. As of March 31, 2015, it held licenses comprising an area of approximately 950 square kilometers. The company is headquartered in Longueuil, Canada. Avala Resources Ltd. is a subsidiary of Dundee Precious Metals Inc.

avala resources ltd (AVZ) Top Compensated Officers

Chief Executive Officer, Vice Chairman and Pr...
Total Annual Compensation: C$110.5K
Executive Chairman
Total Annual Compensation: C$110.5K
Chief Financial Officer
Total Annual Compensation: C$48.3K
Vice President of Administration - Avala Reso...
Total Annual Compensation: C$281.0K
Compensation as of Fiscal Year 2014.

avala resources ltd (AVZ) Key Developments

Avala Resources Ltd., Annual General Meeting, May 28, 2015

Avala Resources Ltd., Annual General Meeting, May 28, 2015., at 10:00 Eastern Daylight. Location: 1111 St-Charles Street West. Agenda: To receive the audited consolidated financial statements of the Company for the year ended December 31, 2014, together with the auditor's report thereon; to fix the number of the directors to be elected at the Meeting at seven; to elect the directors of the Company; to appoint Raymond Chabot Grant Thornton LLP, Chartered Accountants, as auditors of the Company for the year ending December 31, 2015, with their remuneration to be fixed by the directors; to approve, with or without variation, the Company's 10% `rolling' stock option plan; and to transact such other business as may properly come before the Meeting or any adjournment(s) thereof.

Avala Resources Ltd. Provides an Exploration Update

Avala Resources Ltd. announced trenching results on assays received from the Gubavce epithermal system and its spring 2015 work program. During third quarter 2014, the company had conducted a short trenching program over the Gubavce epithermal prospect. This program resulted in the collection of 415 samples along 827 meters of trenches. Significant intersections recently compiled, which include 8m @ 18.1g/t Au, 36.1ppm Ag and 2.16% Pb, are listed in the table below. Gubavce is part of the Gubavce-Bakrenjaca epithermal gold and base metal prospect that was identified in 2013. This prospect is located in the southern half of the 100% held Tulare Project license, approximately 3 km south of the Kiseljak copper-gold porphyry deposit in Southern Serbia. Significant intervals calculated using 0.5 g/t AuEq cut-off (using $1,300/oz. Au, $18/oz Ag, $0.80/lb. Pb); included intervals ((i)) calculated using 1.0g/t AuEq cut-off; No top cut applied. AuEq=((Au_ppm x 41.7959)+(Pb_ppm x 0.001764)+(Ag_ppm x 0.5787))/41.7959. Intersections calculated using 5 meter minimum thickness, 5 meter maximum included waste. Trench samples are equivalent to HQ half core in size, using a nominal 2m sampling basis and weigh approx. 3-6kg. Intercept widths do not necessarily represent true width.

Avala Resources Ltd. Announces the Resignation of Chantal Gosselin as Director

Avala Resources Ltd. reported Chantal Gosselin has resigned as a director of the company, effective immediately.


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