Avnel Gold Announces Appointment of VP Exploration
London, U.K. - October 16, 2007 - Avnel Gold (TSX: AVK) is pleased to announce the appointment of Dr Andy Killick as Vice President Exploration.
Dr Killick has a PhD in Geology and 35 years of experience in the minerals industry as a senior exploration director, applied research worker and consultant. His strengths lie in structural geology, geochemistry and economic geology. He has worked in 21 African countries and with 16 different commodities and precious metals.
Dr Killick completed a BSc (Geology & Geochemistry) at the University of Cape Town in 1968, a BSc (Hons) Geology at the University of Cape Town in 1969, a MSc (Structural Geology & Rock Mechanics) at the Royal School of Mines, University of London, in 1972 and a PhD (Structural Geology) at the Rand Afrikaans University in 1992.
Andy worked for the JCI Group for 25 years, ultimately becoming General Manager (Geology and Exploration) for JCI Projects Group. During that period his focus was exploration in South Africa, Namibia and Zimbabwe, and latterly management of all specialist geological services to the Group's exploration activities and mines. During this period he represented JCI as one of the joint venture partners who held the Kalana Permit, which is today the main asset of Avnel Gold.
In 1998 he became a founding Director of The Mineral Corporation, responsible for a variety of projects including gold exploration in Tanzania and a five year World Bank-supported regional mapping program in Mauritania, and mineral exploration programs in Gabon.
Andy left the Mineral Corporation in June 2007 and has since been an independent consultant. During 2007 he completed a review of the exploration potential of the Kalana Permit and completed an initial regolith study and geophysics data review of Avnel Gold's Fougadian Permit.
Roy Meade, Avnel Gold's CEO, believes that Dr Killick's appointment demonstrates the confidence that Avnel Gold has in the highly prospective Fougadian and Kalana Permits it holds in Mali.
The Fougadian Permit was awarded to Avnel Mali, a 100% owned subsidiary of Avnel Gold Mining Ltd. Avnel has a 90% interest and the Malian State a 10% interest in the permit. The Fougadian Exploration Permit, which covers 150 square kilometres, was awarded to Avnel in 2006 in accordance with the 1999 Mining Code. Avnel has recently announced exceptional gold in soil anomalies on the Fougadian Permit and has proposed a 40,000metre drill program to test 14 anomalies for gold mineralization. Fougadian is located in southern Mali, immediately south of the producing Kalana Mine and Exploitation Permit.
Avnel has identified 10 drill targets on its 387 sq.km Kalana Permit and has discovered high grade mineralization at the Djirila prospect in the south-east of the Kalana Permit. The Kalana Permit is very prospective and is held by Avnel for a 30 year period starting 2003. Avnel is focusing its exploration activity on the Fougadian Permit at this time.
ON BEHALF
AVNEL GOLD MINING LTD.
Roy Meade
Chief Executive Officer
Avnel Gold Mining Ltd.
UK Representative Office
39 Cheval Place
London, SW7 1EW
Phone +44 207 589 9082, FAX+44 207 589 8507
Website: www.avnelgold.com
Email: rmeade@avnelgold.com
Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Maurice Dagenais : mdagenais@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
Caution Regarding Forward Looking Statements:
STATEMENTS REGARDING THE CORPORATION'S PLANS WITH RESPECT TO THE EXPLORATION OF THE FOUGADIAN PERMIT ARE FORWARD-LOOKING STATEMENTS. THERE CAN BE NO ASSURANCE THAT THE EXPLORATION PROGRAM ON THE FOUGADIAN PERMIT WILL IDENTIFY MINERALS RESOURCES.
THE TSX HAS NEITHER APPROVED NOR DISAPPROVED THE FORM OR CONTENT OF THIS INFORMATION RELEASE.
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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. |