Aviva Corporation welcomes Marford Group as a substantial shareholder
Aviva Corporation (ASX: AVA) has added a new substantial shareholder to its register with Marford Group taking a 5.11% stake in the company.
Marford Group acquired 3.1 million Aviva shares for a total consideration of A$431,707.53 between 24 October 2011 and 11 January 2012, providing an average entry price of $0.14 per share and taking its total shareholding to 8.5 million.
Aviva rounded out 2011 with further high grade gold intercepts from follow up diamond drilling at its Bushiangala joint venture prospect, and reconnaissance drilling at two new prospects, Sigalagala and Makuchi, all in the Kakamega Gold Camp.
Highlight intersections from Bushiangala included 4.67 metres at 4.92 grams per tonne (g/t) gold from 77.95 metres, 6.34 metres at 5.02g/t gold from 38.32 metres, and 16 metres at 5.91g/t gold from 57.8 metres.
Work during early 2012 will focus on drilling prospects in the Kakamega Gold Camp with infill, down dip and extensional drilling at Bushiangala and Kimingini being prioritised.
The company remains on track to announce a maiden gold resource in the first half of 2012.
