Avnel Gold Mining is pleased to provide an update for the work programme on its 90% owned Fougadian Exploration Permit in Mali conducted by its joint venture partner IAMGOLD as operator of the exploration venture. The results in this Press Release should be read in conjunction with the Figures 1-4 referred to and which are posted on Avnel's [...]
Avnel Gold Mining is pleased to provide a project update for the work programme on its 80% owned 387.4 km(2) 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 between Avnel and IAMGOLD provides IAMGOLD with the option to earn an [...]
Avnel is pleased to announce that IAMGOLD have an approved exploration budget of US$19M for 2012 pursuant to its joint venture arrangements with Avnel at its Kalana and Fougadian properties in South West Mali as to: $US12.5M on Avnel's Kalana Project and Permit, and US$6.6M on Avnel's abutting Fougadian Permit
Over 60,000 metres of diamond and RC drilling has been completed to date. The 2011 work program aimed to complete 35,000 metres of diamond and RC drilling with a total budget of $8.0million which has been exceeded as shown in the table below. This has been achieved by end September and IAMGOLD plans to aggressively advance the project in the 4th [...]
Avnel Gold Mining is pleased to provide a project update for the work programme on its 80% owned 387.4 km(2) 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 in [...]
