From proactive websiteAviva Corporation (ASX: AVA), as it hones...

From proactive website

Aviva Corporation (ASX: AVA), as it hones in on a maiden Resource, has unearthed more high grade gold at its Kakamega Gold Camp in West Kenya.

The area is considered to have potential to deliver multiple moderate tonnage high grade deposits capable of sustaining a central mill. 

The Kakamega area is characterised by a number of clearly mineralised structures close to the Kavirondian – Nyanzian boundary marked by artisanal workings, colonial mines and geochemical anomalism.

New assays from six holes at the Bushiangala prospect returned highlights of: 

- 2.58 metres at 3.36 grams per tonne (g/t) gold from 95.64 metres;
- 10.82 metres at 3.96g/t gold from 48.6 metres;
- 2.93 metres at 7.77g/t gold from 96.97 metres;
- 4.17 metres at 1.68g/t gold from 56.76 metres; and
- 9.04 metres at 13.05g/t gold from 5.96 metres.

Meanwhile, two holes drilled into the Kimingini prospect intersected 3.4 metres at 5.31g/t gold from 227.64 metres and 3.27 metres at 10.23g/t gold from 156.13 metres. 

The Kakamega Gold Camp is located in the Tanzanian Craton, a region that hosts many multi-million ounce deposits and has an endowment of 48 million ounces of gold and growing. 

The Ndori Greenstone Belt that underlies the Kakamega licence areas is similar to other Greenstone Belts in the Tanzanian Craton, Canada and Western Australian. 

The Kakamega Gold Camp is situated about 150 kilometres north of Red Rock Resources’ (LON: RRR) 1.2 million ounce Migori prospect and around 200 kilometres north of Barrick Gold Corporation’s (TSX: ABX, NYSE: ABX, LON: ABX) operating 3 million ounce North Mara mine. 

To date over 5,000 metres across 35 diamond holes and over 2,000 metres across 22 reverse circulation holes have been drilled to evaluate a number of prospects within the Kakamega area. 

Early reconnaissance drilling identified Bushiangala and Kimingini as two key prospects.

Recent drilling has focused on defining the continuity and extent of mineralisation, with a total of seven reverse circulation and 19 diamond holes, and four reverse circulation and five diamond holes being drilled at Bushiangala and Kimingini respectively.

Two diamond rigs continue to evaluate these and other prospects in the immediate area. Aviva is still waiting on assays for nine holes drilled during February and March.


Milestone Earn-In

Investor interest in Aviva is growing as it nears a maiden gold Resource at the Kakamega Gold Camp, which is scheduled for release in the first half of 2012.  

Indicating the rapid progress the company is making on the project, Aviva achieved a 51% interest in the West Kenyan project in just over a year by meeting its obligation to spend US$3 million over three years.

The company can earn up to a 75% interest in the project under a joint venture agreement with AfriOre International, a Lonmin (LSE: LMI) subsidiary, through expenditure and completion of a Prefeasibility Study on any project on the licences demonstrating a pre-tax net present value of A$50 million. 

Work during early 2012 is focusing on drilling prospects in the Kakamega Gold Camp with infill, down dip and extensional drilling at Bushiangala and Kimingini being prioritised.