vnel Gold Mining is pleased to announce that it has increased the size of its previously announced private placement of units of Avnel from 19,125,000 Units to an aggregate of up to 25,000,000 Units. The Units are being issued at a price of Cdn.$0.40 per Unit, each Unit consisting of one ordinary share of Avnel and one-half of one ordinary share [...]
Avnel Gold Mining is pleased to announce today a best efforts private placement of up to 19,125,000 units of Avnel at a price of Cdn.$0.40 per Unit. Each Unit will consist of one ordinary share of Avnel and one-half of one ordinary share purchase warrant. Each Warrant will entitle the holder to purchase one ordinary share of Avnel at a price of [...]
Avnel Gold's drilling results announced on 22 February 2011 highlight the potential for bulk tonnage, open pittable gold mineralisation at the company's Kalana permit in south-western Mali. A relatively small underground mine currently extracts ~20kozpa from high-grade quartz veins on the property. However, Avnel is focused on the area's potential [...]
Avnel Gold Mining is pleased to provide a project update for the work programme on its 80% owned 387.4 km2 Kalana exploitation permit in Mali conducted by its joint venture partner IAMGOLD as operator of the exploration venture. An initial drilling campaign was completed between February and August 2010. The campaign included 40 diamond drill holes [...]
Avnel Gold Mining reports that, pursuant to its joint venture arrangements with IAMGOLD, the exploration work programme for 2011 has been agreed and IAMGOLD plans to incur exploration expenditures of approximately US$8 million on the Kalana project during 2011. Since the commencement of the joint venture arrangements in August 2009, IAMGOLD has [...]
Avnel Gold Mining is pleased to provide a project update for the exploration work programme on its 80% owned 387.4 km2 Kalana exploitation permit in Mali conducted by its joint venture partner IAMGOLD as operator of the exploration venture. The Option Agreement dated August 11, 2009 provides IAMGOLD with the option to earn an initial 51% interest [...]
Avnel Gold Mining has noted the significant increase in its share price following the issue of a press release on January 20, 2011 by IAMGOLD wherein IAMGOLD addresses exploration progress at Avnel's Kalana Mine site. IAMGOLD is the operator of exploration activities at this mine site.
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