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Avnel Gold Files NI 43-101 Technical Report for the Kalana Main Project

Publié le 06 mai 2016

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Avnel Gold files NI 43-101 Technical Report for the Kalana Main Project

ST. PETER PORT, GUERNSEY, MAY 6, 2016 - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is pleased to announce that, further to its news release of March 30, 2016 announcing the feasibility study results for the Kalana Main Project in Mali, the Company has filed with Canadian securities regulators an independent technical report prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101") titled "NI 43-101 Technical Report on Kalana Main Project" (the "Kalana Technical Report"). The Kalana Technical Report has an effective date of March 30, 2016 and is dated May 6, 2016 and was compiled by Snowden Mining Industry Consultants (Pty) Limited and Denny Jones Ltd., together with DRA Projects SA (Pty) Ltd., and Epoch Resources (Pty) Ltd. A copy of the Kalana Technical Report can be accessed under the Company's SEDAR profile at www.sedar.com , or on the Company's website at www.avnelgold.com.

About Avnel Gold

Avnel Gold is a TSX-listed gold mining, exploration and development company with operations in south- western Mali in West Africa and has recently completed a feasibility study for its flagship Kalana Main Project. The environmental and social impact assessment to develop the new open-pit mine and the exploitation permit have been granted. The Company's strategic objective is to develop the Kalana Main Project into an open-pit mining operation through its 80% ownership in SOMIKA. A secondary objective of the Company is to explore the remainder of the 387 km2 Kalana Exploitation Permit to discover new mineral deposits.