Avion Gold Corp : Avion to Release 2011 Third Quarter Financial Results and MD&A on November 15, 2011
10/20/2011| 08:15am US/Eastern
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TORONTO, ONTARIO -- (MARKET WIRE) -- 10/20/11 -- Avion Gold
Corporation (TSX: AVR) (OTCQX: AVGCF) ("Avion" or
the "Company") announces its plan to file its
interim financials and MD&A, for the period ending September
30, 2011 with SEDAR after the markets close on November 14,
2011, they will be available on SEDAR by 7:00 AM (ET) Tuesday
November 15, 2011.
Following the release, Avion plans to host a conference call
at 10:30 AM (ET) on November 15, 2011. To participate in the
call please dial:
International: +1 416 340 2216
Toll Free North America: 866-226-1792
Toronto Area: 416 340 2216
To register and listen to the webcast of the call, please go
to Avion's website at www.aviongoldcorp.com. A
webcast play back recording will remain on the company's
website after the completion of the call.
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. Production
sustainability will continue to be supported and enhanced by
an aggressive 2011 drill program over an approximately 600
km2 exploration package that both surrounds and is near to
the Company's existing mine infrastructure. The current
mineral resources estimate 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.
On July 5, 2011 Avion announced its initial proven or
probable mineral reserve estimate of 7.24 million tonnes
grading 3.92 g/t Au totaling 913,100 ounces of gold at the
Tabakoto Project. Additionally, the 1,670 km2 Hounde
exploration property in Burkina Faso continues to return
promising results. These properties are subject to a budgeted
US$ 16 million dollars, greater than 75,000 metre,
drill-focused, exploration program in 2011. Avion continues
to progress towards its medium term goal of 200,000 ounces of
gold per year and a longer term goal of organic growth
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.
For additional information, please visit our website at www.aviongoldcorp.com.
Also please Like us on Facebook: Avion Gold Corporation or
Follow us on Twitter: @AvionGoldAVR.
Cautionary Notes
Certain information set forth in this press release contains
"forward-looking statements", and
"forward-looking information under applicable securities
laws. Except for statements of historical fact, certain
information contained herein constitutes forward-looking
statements which include the impact and the timing of the
financial results on the Company, management's assessment
of Avion's targeted production, future plans, operations
and mineral resource estimates and are based on Avion's
current internal expectations, estimates, projections,
assumptions and beliefs, which may prove to be incorrect.
Some of the forward-looking statements may be identified by
words such as "expects" "anticipates",
"believes", "projects",
"plans", and similar expressions. These statements
are not guarantees of future performance and undue reliance
should not be placed on them. Such forward-looking statements
necessarily involve known and unknown risks and
uncertainties, which may cause Avion's actual performance
and financial results in future periods to differ materially
from any projections of future performance or results
expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited
to, those risks described in the annual information form of
the Company. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated
in such statements. Avion undertakes no obligation to update
forward-looking statements if circumstances or
management's estimates or opinions should change except
as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Contacts:
Avion Gold Corporation
Michael McAllister
Manager, Investor Relations
(416) 309-2134
info@aviongoldcorp.com
Source: Avion Gold Corporation
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