Avala Resources Ltd.Avala Resources Ltd. (TSX.V: AVZ)
is a Canadian-based company focused on the acquisition, exploration and development of mineral properties in the Republic of Serbia. With the recent acquisition of Dunav Resources Ltd., Avala holds a dominant land position in the Republic of Serbia including:
Timok Gold Project
a major, north-trending sediment-hosted gold mineralized belt which includes the Bigar Hill, Korkan, Kraku Pester and Korkan East deposits, and
Tulare Copper-Gold Porphyry Project
which includes the Kiseljak and Yellow Creek deposits.
Avala's projects in Serbia are well located to access both major transportation corridors and the markets. The fiscal regime in Serbia is highly supportive of the extractive industries with a 15% corporate tax rate and a 5% NSR royalty.