VANCOUVER, Dec. 1 /CNW/ - Avanti Mining Inc. ("Avanti") today announces the appointment of Kenneth W. Collison, as Senior Vice President - Project Development.
Mr. Collison has over 30 years of experience in the mining industry, most recently as Chief Operating Officer of Thompson Creek Metals which included the responsibility for the operations of the Endako and Thompson Creek molybdenum mines as well as the Feasibility study for the Davidson project. He was part of the management group that purchased Thompson Creek in 2006. From 2001 to 2004 Mr. Collison worked for the State of Alaska managing construction of sewer and water systems for rural Alaska with extensive dealings with rural populations including first nation communities. In addition, he has held various high ranking positions with Coeur d'Alene Mines and Rio Algom Limited. Mr. Collison has served as a director of the Mining Associations of Canada and BC as well as president and director of the Nova Scotia Chamber of Mineral Resources. His community service earned him the "Citizen of the Year" award from the Yarmouth, NS Chamber of Commerce.
Mr. Collison has been hired on a part time basis to oversee the preparation of the Bankable Feasibility Study of Kitsault starting from the prefeasibility study that was announced on November 16th, 2009. He will also be responsible for the construction and start up of the Kitsault mine.
Craig J. Nelsen, President and CEO of Avanti said, "I am delighted that the office relocation by Thompson Creek, made Ken available to Avanti at a very opportune time. Ken's molybdenum mine operations experience as well as project development background will be invaluable to the fast track development of Kitsault over the next few years."
Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia.
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Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of Avanti Mining Inc. (the "Corporation"). All statements, other than statements of historical fact, included herein including, without limitation; anticipated dates for receipt of permits and approvals, construction and production, and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; estimated timing and amounts of future expenditures, and the Corporation's future production, operating and capital costs, operating or financial performance, are forward-looking statements. These forward-looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the Corporation's prospectus dated July 31, 2007, which is available at www. Sedar.com. The Corporation is under no obligation to update forward-looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE AVANTI MINING INC.
For further information: For further information: please visit www.avantimining.com or phone (303) 565-5491: Craig J. Nelsen, Chief Executive Officer, or A J Ali, Chief Financial Officer