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. Avala holds a dominant land position of over 950 km2
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,
Tulare Copper-Gold Porphyry Project
which includes the Kiseljak and Yellow Creek deposits, and
which is strategically located along the eastern margin of the Timok Magmatic Complex and is the object of an option and joint venture agreement with Rio Tinto Mining & Exploration Limited under which Rio Tinto has the right to earn up to a 75% interest by funding project expenditures of US$40 million over a period of up to 8 years.
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.
This website contains information of a scientific or technical nature which requires the approval of a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Justin van der Toorn, CGeol FGS, EurGeol, the Company's exploration manager in Serbia, is the qualified person who has approved the scientific and technical information on this website.