Avion Gold Corp : Avion Gold Appoints Alex Dann as New Chief Financial Officer
01/09/2012| 05:30pm US/Eastern
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TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - Avion Gold
Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the
"Company") is pleased to announce that Mr. Alex
Dann has been appointed Chief Financial Officer (CFO)
effective January 9, 2012. Mr. Dann is a Chartered Accountant
with over 18 years of experience leading the financial
operations and strategic planning for multinational companies
primarily in the mining sector. Mr. Dann has held senior
roles with Falconbridge Limited, Rio Algom Ltd., and most
recently as CFO of AXMIN Inc. Prior to AXMIN Inc., Mr. Dann
was the CFO of Goldbelt Resources Limited which was sold to
Wega Mining ASA in 2007 and prior to that, headed the Finance
group for an automotive parts supplier that included Magna
International Inc. as one of the primary partners. Mr. Dann
is bilingual and graduated from Laval University in Quebec
City in 1991.
John Begeman, Avion's President and CEO, commented,
"It is with great pleasure that we announce the
appointment of Alex Dann as CFO and we look forward to
working with him. Alex will provide financial management
experience to Avion's management team as the Company
continues to grow as a mid-tier gold producer."
Mr. Dann will succeed Greg Duras who will remain with the
Company through a transition period before leaving to pursue
other opportunities within the Forbes and Manhattan Group.
The Company would like to take this opportunity to thank Mr.
Duras for his contributions to the growth of the Company and
to wish him success in his future endeavors.
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 approximately 51,290 ounces produced. 2010
production was 87,630 ounces of gold. The current mineral
reserve estimate (as of January 1, 2011) of 7.24 million
tonnes grading 3.92 g/t Au totaling 913,100 ounces of gold,
for the Tabakoto project, demonstrates several sources of
excellent grade open pit and good grade underground mineral
resources thus providing significant flexibility for
Avion's future mining plans. Production sustainability
will continue to be supported by exploration programs over an
approximately 600 km2 exploration package that both surrounds
and is near to the Company's existing mine
infrastructure. Additionally, mineral resources at
Avion's 1,600 km2 Hounde exploration property in Burkina
Faso have grown considerably in 2011 with an aggressive
exploration program planned for 2012. Avion continues to
progress towards its short term goal of 200,000 ounces of
gold per year and a longer term goal of 400,000 to 500,000
ounces of gold per year through development of its
exploration properties. The Company is developing an
underground mine at the Tabakoto deposit, and is preparing to
mine underground at the Segala deposit. Avion has a highly
skilled management team, with a focus on growth and
consolidation within West Africa.
Cautionary Notes
This press release contains "forward-looking
information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes,
without limitation, statements regarding the appointment of
the chief financial officer; the impact of the mineral
resource update on the Company; statements regarding the
impact of the drilling results on the Company; statements
with respect to the development potential and timetable of
the Tabakoto and Hounde 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 those risks described in the annual
information form of the Company which is available under the
profile of the Company on SEDAR at . 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.
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