/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
ST. PETER PORT, Guernsey, May 21 /CNW Telbec/ - Avnel Gold Mining Limited
("Avnel" or the "Company") (TSX: AVK) regrets to report that on the night
shift of 20/21 May 2009 there was an electro mechanical problem with the pump
sets at the 180 level pump station at the Kalana mine which resulted in that
pump station having flooded.
The 180 level is the Kalana mine's principal production level at present
and in consequence of the flooding production has ceased for the time being.
Endeavours are currently in hand to prevent the mine flooding above the
150 level. The 150 level does not have a pump station, with the next pump
station being at the 100 level.
Urgent measures are being taken to source submersible pumps for the
de-watering of the 180 level. Submersible pumps are immediately available from
South Africa and there is a possibility of there being suitable submersible
pumps in Mali.
The current time estimate for the de-watering and rehabilitation of the
180 level pump station is three weeks from delivery of submersible pumps to
the Kalana mine site.
A further announcement will be made in due course.
About the Company:
Avnel is a gold mining producing company operating the Kalana gold mine
and is engaged in the exploration of the Kalana Exploitation Permit and
Fougadian exploration permit.
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 exploitation permit.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts are forward-looking statements. Although Avnel
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, continued availability of capital and financing and general
economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking
statements. Avnel does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise.
For further information:
For further information: Howard Miller, Chief Executive Officer, +44 207
589 9082; Fax +44 207 589 8507, firstname.lastname@example.org; www.avnelgold.com;
Renmark Financial Communications Inc.: Barry Mire, email@example.com;
Henri Perron, firstname.lastname@example.org, Montreal: (514) 939-3989, Fax:
(514) 939-3717; Toronto: (416) 644-2020, Fax: (416) 644-2021;