ASO Avesoro Resources Inc.

TIDMASO

RNS Number : 6019I

Avesoro Resources Inc.

09 August 2019

9 August 2019

Avesoro Resources Inc.

TSX: ASO

AIM: ASO

Update on the Security Breach at Youga

Further to the announcement on 8 August 2019 regarding a security breach at the Company's Youga Gold Mine in Burkina Faso (the "Youga Mine"), Avesoro Resources has conducted an updated risk assessment of the situation and has taken the decision to suspend all processing and mining operations at the Mine for the present time.

Serhan Umurhan, the Company CEO, is currently travelling to Youga with the General Manager of the Mine to assess the situation and determine when operations can re-commence. In the meantime, as a precaution, all Company staff at Youga have been relocated to Ouagadougou. Government security forces will remain on site to protect the Company's assets.

The Company will provide a further update in due course.

-Ends-

Contact Information

 
   Avesoro Resources Inc. 
    Geoff Eyre / Nick Smith 
    Tel: +44(0) 20 3405 9160 
   Camarco                          finnCap 
    (IR / Financial PR)              (Nominated Adviser and Joint Broker) 
    Gordon Poole / Nick Hennis       Christopher Raggett / Scott Mathieson 
                                     / Camille Gochez 
    Tel: +44(0) 20 3757 4980         Tel: +44(0) 20 7220 0500 
   Berenberg                        Hannam & Partners 
    (Joint Broker)                   (Joint Broker) 
    Matthew Armitt / Detlir Elezi    Rupert Fane / Ernest Bell 
    Tel: +44(0) 20 3207 7800         Tel: +44(0) 20 7907 8500 
 

About Avesoro Resources Inc.

Avesoro Resources is a West Africa focused gold producer and development company that operates two gold mines across West Africa and is listed on the Toronto Stock Exchange ("TSX") and the AIM market operated by the London Stock Exchange ("AIM"). The Company's assets include the New Liberty Gold Mine in Liberia ("New Liberty") and the Youga Gold Mine in Burkina Faso ("Youga").

For more information, please visit www.avesoro.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 09, 2019 08:52 ET (12:52 GMT)

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