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Market: TSX
Sector: Gold Mining
Epic: AUR
News: Latest news
Web Site: Avion Resources
Other Articles: 11-08-201004-02-201011-01-2010

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Avion Resources

Avion Resources

Avion Resources is a Canadian-based exploration and development company focused on strategic acquisitions in Africa. Avion has built a team of highly qualified geologists and engineers, as well as a strong operational team, with the goal of becoming a gold producing company in 2009. Avion recently purchased a 100 square kilometre land and mine package in Mali, which contains the Tabokoto mine and the Segala project.

Thursday, July 09, 2009

Avion intersects promising gold grades at Segala mine in Mali

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Avion Gold (TSX-V: AVR, formerly Avion Resources) said results for the first two of five holes drilled to test the Segala main zone at depth to support the planning for underground development of the Segala deposit in Mali, showed promising intercepts.

Hole S-09-01A intersected 3.62 grams per ton of gold over 26.9 metres approximately 330 metres from surface, and included 5.12 g/t Au over 15.95 metres.

Hole S-09-02, located 160 metres to the east, returned 5.37 g/t Au over 20.89 metres core length approximately 320 metres below surface.

Both holes tested an area of the Segala main deposit that, from a resource study announced in December 2008, contains an inferred mineral resource.

Avion's exploration program is progressing with two core drills and one RC drill. To the end of June approximately 5,871 metres of drilling in 29 holes have been completed. A minimum of 15,000 metres of core drilling is planned.

"We believe that these two holes reward our belief that the Segala Main zone exhibits good depth continuity and as such further supports extending the mine life at Segala and expanding the processing facilities" commented John Begeman, president and CEO.

Studies to support a capacity upgrade to 200,000 ounces per year are in progress with grinding studies, preliminary mill expansion and open pit versus underground mining studies underway. This work is expected to be completed before year-end.

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