Avnel Gold Announces Appointment of Chief Operating Officer
London, United Kingdom - March 27, 2008 - Avnel Gold Mining Ltd. (TSX: AVK) ("Avnel") is pleased to announce the appointment of Mr. Colin J.S. Belshaw as Chief Operating Officer with immediate effect. Mr. Belshaw will be based in Mali with responsibility for Avnel's Kalana gold mining operations.
Avnel is engaged in strengthening the management team at the company's principal asset, the Kalana gold mine in Mali, West Africa. Mr. Belshaw's appointment as Chief Operating Officer is a significant step in this process, and follows on the previously announced appointment of Dr. Andy Killick as Vice President Exploration.
Avnel welcomes Mr. Belshaw and believes he will play a key role in it implementing its business plan for the Kalana mine, which is planned to materially increase ore production to 5,000 tonnes per month in the latter part of 2008.
Mr. Belshaw has 29 years direct experience in the industry, the majority being in underground production, both large scale and small, ranging from narrow vein mining to large diameter blast hole and VCR techniques. Mr. Belshaw was Mine Superintendent at the South Crofty Mine in Cornwall and then was appointed Manager Mining at the Nkana Division of ZCCM in the Zambian Copperbelt. Thereafter he worked for the Turquoise Ridge Mine (Getchell) in Northern Nevada in difficult ground conditions. Mr. Belshaw, after leaving Kinross Gold (where he was Director General, Far East Operations reporting to the COO), was based in Ghana as Vice President Operations for Golden Star's Bogoso/Prestea Mine (including the Prestea Underground Project) and its Wassa Mine.
Mr. Belshaw's experience encompasses both base and precious metals operations in varied geographical locations (including West Africa) and in both narrow vein underground and open pit gold mining.
Mr. Belshaw graduated as a mining engineer at the Camborne School of Mines in Cornwall, is a Fellow of the Institution of Materials Minerals and Mining (FIMMM), and is registered as a Professional Engineer with the Engineering Council of the United Kingdom. He also holds the Ghanaian Mine Managers Certificate.
Avnel's principal asset is an 80% interest in Soci�t� d'Exploitation des Mines d'Or de Kalana ("SOMIKA"). SOMIKA is the holder of a 30 year exploitation permit encompassing 387.4 sq. km. around and to the south of the operating Kalana gold mine in South West Mali. Avnel also holds the Fougadian Exploration Permit covering an area of 150 sq. km. which lies to the South of the main Kalana 30 year Exploitation Permit
Avnel is a gold mining producing company operating the Kalana mine and is engaged in the exploration of the Kalana Permit and the Fougadian Permit.
On behalf of
Avnel Gold Mining Limited
Howard B. Miller
Chairman
For further information:
Roy Meade
Chief Executive Officer
Avnel Gold Mining Limited
UK Representative Office:
39 Cheval Place
London, SW7 1EW
Tel: +44 207 589 9082
Fax: +44 207 589 8507
www.avnelgold.com
RENMARK FINANCIAL COMMUNICATION INC.
BARRY MIRE: BMIRE@RENMARKFINANCIAL.COM
MAURICE DAGENAIS: MDAGENAIS@RENMARKFINANCIAL.COM
TEL: +1 (514) 939 3989
FAX: +1 (514) 939 3717
WWW.RENMARKFINANCIAL.COM
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Avnel Gold Mining Ltd.
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EXPLORATION STAGE |
CODE : AVK.TO |
ISIN : GB00B09Y5410 |
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Avnel Gold Mining is a gold producing company based in United kingdom. Its main exploration properties are KALANA GOLD MINE and FOUGADIAN PERMIT in Mali. Avnel Gold Mining is listed in Canada. Its market capitalisation is CA$ 162.1 millions as of today (US$ 133.0 millions, € 111.4 millions). Its stock quote reached its highest recent level on December 13, 2006 at CA$ 1.25, and its lowest recent point on December 19, 2008 at CA$ 0.02. Avnel Gold Mining has 376 989 984 shares outstanding. |