Sunday 4th December 2016

Resource Clips



Avion Senior VP Don Dudek on Mali gold assays of 7.52 g/t over 40.8m

Resource Clips - essential news on junior gold mining and junior silver miningAvion Gold Corporation TSX:AVR announced results from its Kofi project in Mali, West Africa. Assays include

7.52 g/t gold over 40.8 metres
4.85 g/t over 5.7 metres
11.61 g/t over 21.3 metres
12.92 g/t over 6 metres
22.84 g/t over 2 metres
10.03 g/t over 3 metres
6.42 g/t over 15 metres
4.6 g/t over 12 metres

Senior VP of Exploration Don Dudek tells ResourceClips.com, “The Kofi Zone, Kofi C and Kofi C West in particular, is very complicated because of dyking and faulting. We spent a good part of the year trying to understand where the mineralization is and how to connect the different pieces. The interpretation has changed from the time when AXMIN TSXV:AXM had the project, but what these new results indicate to me is that there’s still a significant opportunity to the north, with two intercepts specifically being open to the north. When you step back and look at the broader geophysical response, in this case the IP conductivity, it’s obvious that the pattern continues and so we’re hoping, and expecting, that the mineralization will continue as well.”

I’m hoping that we’ll substantially grow the corporate resources and also get a very clear indication of when we can bring on additional production—Don Dudek

The Kofi C Zone has an historic NI 43-101 resource estimate of 873,000 tonnes grading 3.6 g/t gold for 99,000 gold ounces indicated and 913,000 tonnes grading 3.7 g/t for 109,000 ounces inferred. Avion considers this an historic resource because a qualified person has not carried out the work for Avion.

“I’m hoping our resource update is released this year,” Dudek says. “Kofi’s a lot more complicated, and I’ve got consultants working on it. The goal is to get it done by the end of the year, but I’m not 100% sure yet.”

Avion’s 2011 exploration budget totals $16 million for all its projects in Mali and Burkina Faso.

“For next year, I’m asking the board for an exploration budget of $26 million to spend within our current portfolio of projects,” Dudek points out. “With our capital expenditures and all the things we have to do, that’s quite a bit of money. But I’m hoping that we’ll substantially grow the corporate resources and also get a very clear indication of when we can bring on additional production.”

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Contact:
Michael McAllister
Manager, Investor Relations
416.309.2134

by Greg Klein and Ted Niles

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