Avion Gold Produces 8,770 Ounces in July 2010
2010年8月6日 - 8:30PM
Marketwired
Avion Gold Corporation (TSX VENTURE: AVR)(OTCQX: AVGCF)(PINK
SHEETS: AVGCF) ("Avion" or the "Company") announces July 2010
monthly production of approximately 8,770 ounces of gold from its
Tabakoto/Segala operations in Mali, West Africa. Year to date gold
production for 2010 is approximately 46,700 ounces.
In July 2010, Avion processed 59,800 tonnes of ore at an average
grade of 4.84 g/t Au, with a 94.3% mill recovery, for gold
production of 8,770 ounces. Third quarter production remains
forecast to be approximately 20,000 ounces of gold.
Commenting on the production results, Mr. Andrew Bradfield,
Avion's Chief Operating Officer, stated: "In June and July, Segala
pit ore was supplemented with high grade ore from a small pit mined
within the existing Tabakoto open pit. Production from this small
Tabakoto pit is now completed. Avion continues on track to produce
between 75,000 and 85,000 ounces of gold in 2010".
Equipment and supplies that are required for underground mining
are on route to Tabakoto. Portals are expected to start in late Q3
or early Q4, depending on when the mining equipment arrives at the
mine site.
The Company has completed most of the infrastructure and
roadways necessary to mine the Dioulafoundou deposit with a plan to
commence mining the deposit beginning in mid-October of this year,
after the rainy season.
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West
Africa that holds 80% of the Tabakoto and Segala gold projects in
Mali. Gold production commenced at these projects in 2009 with just
over 51,000 ounces produced. 2010 production is estimated at 75,000
to 85,000 ounces of gold. Production sustainability is supported
and enhanced by an aggressive 2010 drill program over an
approximately 600 km2 exploration package that both surrounds and
is near to the Company's existing mine infrastructure.
Additionally, the 1,670 km2 Hounde exploration property in Burkina
Faso, that Avion is in the process of acquiring (see News Release
dated July 5, 2010) is returning good results from an ongoing
exploration program. These properties are the subject of an
approximate US$ 12 million dollar, 60,000 metre plus, drill-focused
exploration program in 2010, which management expects, based on
results to date, to add new resources and future opportunities for
Avion. Avion continues to progress towards its longer term goal of
200,000 ounces of gold per year and is preparing to mine
underground at the Segala and Tabakoto deposits. Avion has a highly
skilled management team, with a focus on growth and consolidation
within West Africa.
Andrew Bradfield P.Eng., the Chief Operating Officer of the
Company, and a qualified person under National Instrument 43-101,
has reviewed the scientific and technical information in this press
release.
Cautionary Notes
The ability of Avion to increase production to 200,000 ounces of
gold per year has not been the subject of a feasibility study and
there is no certainty that the proposed expansion will be
economically viable.
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation,
statements regarding the impact and timing of the forecast
production and results on the Company, statements with respect to
the development potential and timetable of the Mali projects; the
future price of gold; the estimation of mineral resources;
conclusions of economic evaluation (including scoping studies); the
realization of mineral resource estimates; the timing and amount of
estimated future production, development and exploration; costs of
future activities; capital and operating expenditures; success of
exploration activities; mining or processing issues; currency
exchange rates; government regulation of mining operations; and
environmental risks. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; the actual results of current exploration
activities; ability to successfully integrate the purchased
properties; foreign operations risks; other risks inherent in the
mining industry and other risks described in the annual information
form of the Company which is available under the profile of the
Company on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE
Contacts: Avion Gold Corporation Michael McAllister Manager,
Investor Relations (416) 309-2134 info@aviongoldcorp.com
Avangard Capital (GM) (USOTC:AVGC)
過去 株価チャート
から 5 2024 まで 6 2024
Avangard Capital (GM) (USOTC:AVGC)
過去 株価チャート
から 6 2023 まで 6 2024