Anvil Mining Limited Announces Discovery of Two New Oxide Copper Zones at the Kinsevere Project



    TSX, ASX: AVM
    Common shares outstanding 70.4 million

    MONTREAL, June 12 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) ("Anvil"
or "the Company") is pleased to announce that it has completed a 14,838 metre
air-core drilling program and has discovered two new zones of oxide copper
mineralization at the Kinsevere Project, located 27 km north of Lubumbashi,
the provincial capital of the Katanga Province in the Democratic Republic of
the Congo ("DRC"). The more important discovery represents a significant
north-western extension to the Kinsevere Hill deposit, as shown on a map that
can be viewed at
www.anvilmining.com/documents/070612KinsevereExplorationUpdateMaponly.pdf. The
average grades of the best intercepts reported to date, from the ongoing
drilling program, are 10.9% Cu over 21 metres, 8.9% Cu over 36 metres, 8.6% Cu
over 31 metres, and 8.6% Cu over 21 metres (at 0.5% Cu cut-off grade).
    The outlines of the new mineralized zones have been defined by the
presence of visible malachite in air-core drill cuttings and they are shown on
the accompanying map as a "malachite footprint". Malachite (copper carbonate
hydroxide) is the predominant ore mineral in the Kinsevere oxide deposits. The
footprint for the north-western extension to the Kinsevere Hill deposit is
approximately 800 metres long and up to 150 metres wide. However, at this
point in time, this footprint should not be equated to a resource outline, as
the shallow air-core results are considered preliminary.
    Bill Turner, President and CEO of Anvil, commented, "We are delighted
with the early results from the shallow air-core drilling program at
Kinsevere. We are hopeful that the deeper follow-up reverse circulation
drilling program will enable us to expand the oxide copper resource base,
which, in turn, will allow us to extend the projected mine life.

    Geology

    The latest drilling has revealed that the Tshifufia and Tshifufiamashi
deposits are hosted in one fragment of Mine Series rocks, and that the
Kinsevere deposit and its extension to the northwest, is hosted by another.
The oxide copper deposits have formed as supergene blankets over sulphide
mineralization at depth. Further details on the geology are available in the
NI 43-101 Technical Report, referred to below.

    Phase 3 Drilling Program

    At the end of May 2007, 346 air-core holes (14,838 metres) and 119
reverse circulation ("RC") holes (11,858 metres) had been drilled in the 2007
Phase 3 drilling program. Air-core drilling has been used as a fast and
inexpensive means to explore between, and along strike from, the known
deposits. The holes have been drilled to a maximum depth of 70 metres (the
limit of this particular air-core drill rig), and many of the holes have ended
in mineralization. Air-core drilling has also been used to sterilize various
areas before the building of the Kinsevere Stage I mine infrastructure and
this work has accounted for about 20% of the holes drilled this year. To date,
assay results have been received for 97 of the Phase 3 air-core holes and the
best intercepts reported so far are tabulated below. Seventy-four holes have
reported no grades of interest, but many of these were either sterilization
holes or drilled for geological reasons, such as to define the limits of the
prospective Mines Series fragments.

    
    -------------------------------------------------------------------------
             KINSEVERE HILL EXTENSION AIR-CORE DRILLING RESULTS
    -------------------------------------------------------------------------
                                              From   To  Interval  Cu     Co
    Hole ID  Easting  Northing  Dip  Azimuth   (m)  (m)     (m)   (%)    (%)
    -------------------------------------------------------------------------
    KPAC112   562780   8743750  -90    NA      27   52      25    4.8   0.03
    -------------------------------------------------------------------------
    KPAC113   562755   8743754  -90    NA      10   18       8    2.0   0.05
    -------------------------------------------------------------------------
    KPAC114   562730   8743758  -90    NA      14   50      36    4.1   0.07
    -------------------------------------------------------------------------
    KPAC116   562680   8743761  -90    NA      42   46       4    6.3   0.03
    -------------------------------------------------------------------------
    KPAC117   562655   8743758  -90    NA      50   57       7    3.9   0.02
    -------------------------------------------------------------------------
    KPAC132   562849   8743708  -90    NA      16   59      43    2.7   0.02
    -------------------------------------------------------------------------
    KPAC133   562824   8743710  -90    NA      41   48       7    1.5   0.03
    -------------------------------------------------------------------------
    KPAC134   562799   8743720  -90    NA      33   38       5    1.9   0.06
    -------------------------------------------------------------------------
    KPAC135   562774   8743718  -90    NA      23   51      28    6.8   0.06
    -------------------------------------------------------------------------
    KPAC136   562749   8743719  -90    NA      36   45       9    1.5   0.09
    -------------------------------------------------------------------------
    KPAC150   562975   8743688  -90    NA      39   41       2    2.5   0.00
    -------------------------------------------------------------------------
    KPAC153   562900   8743690  -90    NA      15   46      31    8.8   0.01
    -------------------------------------------------------------------------
    KPAC154   562874   8743690  -90    NA       0   41      41   14.2   0.01
    -------------------------------------------------------------------------
    KPAC155   562850   8743688  -90    NA      10   45      35   14.1   0.01
    -------------------------------------------------------------------------
    KPAC169   563142   8743646  -90    NA      56   64       8    1.3   0.01
    -------------------------------------------------------------------------
    KPAC171   563069   8743644  -90    NA      50   60      10    1.3   0.03
    -------------------------------------------------------------------------
    KPAC172   563044   8743642  -90    NA      33   54      21   10.9   0.02
    -------------------------------------------------------------------------
    KPAC173   563019   8743642  -90    NA      25   46      21   11.8   0.02
    -------------------------------------------------------------------------
    KPAC174   562994   8743642  -90    NA      12   48      36    8.9   0.03
    -------------------------------------------------------------------------
    KPAC175   562969   8743644  -90    NA      33   40       7    5.3   0.03
    -------------------------------------------------------------------------
    KPAC176   562944   8743642  -90    NA      26   44      18    3.5   0.02
    -------------------------------------------------------------------------
    KPAC202   562359   8743600  -90    NA      56   59       3    1.2   0.00
    -------------------------------------------------------------------------
    KPAC209   563084   8743600  -90    NA      20   55      35    2.9   0.02
    -------------------------------------------------------------------------
     -  All holes have been drilled vertically and the quoted intervals are
        the best estimate of true width.
     -  Cut-off grade = 0.5% Cu
    

    The RC drilling program, on the other hand, has been focused on expanding
and improving the Mineral Resource estimates for oxide copper mineralization
at the Tshifufiamashi and Kinsevere Hill areas. RC holes are drilled to the
base of weathering, at about 100 metres below surface. To date, assay results
have been received for nine of the Phase 3 RC holes, all of which were drilled
at Tshifufiamashi.

    
    -------------------------------------------------------------------------
                  TSHIFUFIAMASHI INFILL RC DRILLING RESULTS
    -------------------------------------------------------------------------
                                                      Inter-
                                             From  To  val    TW     Cu   Co
    Hole ID  Easting  Northing  Dip  Azimuth  (m)  (m) (m)  (*)(m)  (%)  (%)
    -------------------------------------------------------------------------
    TFRC026  562055    8744834  -60   090      7   22   15    13   3.3  0.18
    -------------------------------------------------------------------------
                                              47  175  128   111   1.9  0.17
    -------------------------------------------------------------------------
    TFRC027  561950    8744968  -60   090      2   26   24    21   1.7  0.08
    -------------------------------------------------------------------------
    TFRC028  561903    8744965  -60   090      2   14   12    10   5.4  0.17
    -------------------------------------------------------------------------
    TFRC029  561920    8744919  -60   090     22   24    2     2   2.1  0.04
    -------------------------------------------------------------------------
    TFRC030  562019    8744878  -60   090     11   17    6     5   4.5  0.06
    -------------------------------------------------------------------------
                                              20   50   30    26   4.1  0.41
    -------------------------------------------------------------------------
    TFRC031  561938    8744817  -60   090      1  161  160   139   4.4  0.29
    -------------------------------------------------------------------------
    TFRC032  561940    8744875  -60   090     12   19    7     6   2.0  0.30
    -------------------------------------------------------------------------
                                              31   37    6     5   4.3  1.16
    -------------------------------------------------------------------------
    TFRC032A 561944    8744880  -60   090      0  150  150   130   2.9  0.21
    -------------------------------------------------------------------------
    TFRC033  561950    8744874  -60   090      1   76   75    65   6.4  0.31
    -------------------------------------------------------------------------
    -   (*)TW = True Width
    -   Cut-off grade = 0.5% Cu
    

    An RC drilling program of approximately 3,000 metres is now underway,
focused on drilling out the newly discovered mineralized zone to the northwest
of Kinsevere Hill, and this is expected to be completed during the third
quarter of 2007.
    The latest Mineral Reserve and Resource estimates for Kinsevere were
recently reported in a NI 43-101 Technical Report, which was filed on SEDAR
(www.sedar.com). A revised Mineral Resource estimate for the Tshifufiamashi
deposit is expected to be released during the third quarter of 2007, and a
resource update for Kinsevere Hill and its new north-western extension will be
reported during the fourth quarter of 2007.

    Quality Control and Sample Preparation

    The 2007 Phase 3 drilling program is being supervised by Roger Tyler,
Anvil's Exploration Manager for the DRC, who is a Qualified Person (QP) in
accordance with Canadian National Instrument 43-101. The Company's quality
assurance/quality control program for geochemical analyses includes the
systematic addition of blank samples, field duplicates and certified standards
to each batch of samples sent for assay. All samples have been submitted for
analysis of total copper at the ALS Chemex laboratory in Johannesburg, South
Africa. Acid soluble analyses will be carried out on samples from the resource
holes only.

    Anvil Mining Limited is an unhedged copper and silver producer whose
shares are listed for trading on the Toronto Stock Exchange (as common shares)
and the Australian Stock Exchange (as CDIs) under the symbol AVM. It has a
majority interest in and operates the Dikulushi copper-silver mine, the
Kinsevere copper mine, and the Kulu copper tailings operation in the Katanga
Province of the DRC.

    Additional Note: Technical information in this news release has been
reviewed by Nick Franey, Vice President Exploration of Anvil Mining Limited,
who is a member of the Australian Institute of Geoscientists and a Qualified
Person, in terms of Canadian National Instrument 43-101. Nick Franey has
consented to the inclusion of such information in this news release in the
form and context in which it appears.

    Caution Regarding Forward Looking Statements: The forward-looking
statements made in this news release are based on management's assumptions and
judgments regarding future events and results. Such forward-looking
statements, including but not limited to those with respect to the prices of
copper and cobalt, resource and reserve estimates and estimated future
production, involve known and unknown risks, uncertainties and other factors
which may cause the Company's actual results, performance or achievements to
be materially different from any anticipated future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the actual market prices of copper and cobalt,
the actual results of current exploration, the actual results of future
mining, processing and development activities and changes in project
parameters as plans continue to be evaluated, as well as those factors
disclosed in the Company's filed documents. There can be no assurance that the
mineralization that has been discovered and that is referred to in this news
release will prove to be economic or that it will extend the mine life at
Kinsevere.

    %SEDAR: 00020549E




For further information:

For further information: Craig Munro, Vice President, Corporate &
Finance and CFO, Tel: +61 (8) 9481 4700, Email: craigm@anvilmining.com,
(Perth); Robert LaVallière, Vice President, Investor Relations, Tel: (Office)
(514) 448 6664, (Cell) (514) 944 9036, Email: robertl@anvilmining.com
(Montréal) Website: www.anvilmining.com

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