Avala Resources Ltd. (TSX.V: AVZ) is a Canadian-based gold exploration company that holds a dominant land position within and adjacent to the Timok Magmatic Complex (TMC) in the Republic of Serbia. Avala is exploring a major, north-trending sediment-hosted gold mineralized belt - the Timok Gold Project - located on the western margin of the TMC. The Timok Gold Project comprises several targets, including the Bigar Hill, Korkan, Kraku Pester and Korkan East deposits. Avala has completed a preliminary economic assessment for the Timok Gold Project during the first half of 2014.
Sediment-hosted gold represents a previously unrecognized style of gold mineralization within the Timok region. Avala is also working to generate additional gold resources in and around the current seven kilometer 'development corridor' containing the Bigar Hill, Korkan and Kraku Pester deposits and within the greater area of the Timok Gold Project, which Avala believes, based on geological mapping, has the potential to be significantly extended.
Historical production over the previous century in the Timok region is approximately 5 Mt copper and 6 Moz gold, mostly from porphyry copper-gold deposits but also from high-sulfidation style epithermal deposits. Avala has a strong and experienced management team with significant technical expertise and over 9 years of operational experience in Serbia.