ST. PETER PORT, Guernsey, Aug. 5 /CNW Telbec/ - Avnel Gold Mining Ltd.
(TSX: AVK) ("Avnel") is pleased to announce the appointment of Mr. Firdaus
(Fred) Abbasi as Chief Financial Officer with immediate effect. Mr. Abbasi
will also act as Avnel's Corporate Secretary.
Mr. Abbasi will be based in London at Avnel's representative corporate
office and undertake regular monthly tours of duty to Avnel's operations in
Mr. Abbasi is a Chartered Accountant with over 25 years experience in
industry in the United Kingdom, East and West Africa, the Middle East and
India, and has extensive working experience in the mining industry. Mr. Abbasi
is multi-lingual, fluent in French and has extensive experience of the fiscal,
legal, labour and social environments of French West Africa including Mali.
Avnel considers that Mr. Abbasi will play a significant role in improving
the controls and efficiencies of its operations in Mali working together with
Madame Bintou Diallo Keita who is the Finance Director of Avnel's operating
subsidiary in Mali.
The appointment of Mr. Abbasi is an important step in Avnel's commitment
to strengthening its management team and achieving its corporate objectives at
the Kalana gold mine in Mali.
Avnel's principal asset is an 80% interest in Société d'Exploitation des
Mines d'Or de Kalana ("SOMIKA"). SOMIKA is the holder of a 30 year
exploitation permit encompassing 387.4 sq. km. around and to the south of the
operating Kalana gold mine in South West Mali. Avnel also holds the Fougadian
Exploration Permit covering an area of 150 sq. km. which lies to the South of
the main Kalana 30 year Exploitation Permit.
Avnel is a gold mining producing company operating the Kalana mine and is
engaged in the exploration of the Kalana Permit and the Fougadian Permit.
On behalf of
Avnel Gold Mining Limited
Howard B. Miller
For further information:
For further information: Howard Miller, Chairman, Avnel Gold Mining
Limited; UK Representative Office: +44 207 589 9082, Fax: +44 297 589 8507,
www.avnelgold.com; Renmark Financial Communication Inc.: Barry Mire:
email@example.com; Maurice Dagenais: firstname.lastname@example.org,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com