Avnel Gold Receives Recommendations for Extensive Drill Program to Investigate Exceptional Gold Anomalies at its Fougadian Exploration Permit, South Mali

    Based on interpretation of geochemical soil results, geophysical study
    and regolith study, a 40,000m drill program is recommended

    LONDON, United Kingdom, Oct. 15 /CNW Telbec/ - Avnel Gold Mining Ltd.
(AVK: TSX) announced on July 8th 2007 that a recent phase of detailed soil
geochemical surveys, initiated across its large Fougadian Exploration Permit
in 2006 and 2007, has outlined several km-scale, gold-in-soil anomalies and
coincident arsenic anomalies.
    Avnel has received two reports from The Mineral Corporation (see
www.avnelgold.com). Dr Killick conducted a mapping and regolith study on the
Fougadian Permit. The study indicated that a complete lateritic regolith is
preserved in the western part of the permit. The regolith has been incised and
eroded by streams flowing west to east, leaving some lateritic residuum on the
intervening ridges.
    The Mineral Corporation interpreted existing airborne magnetic and
radiometric data generated through the SYSMIN program in 2001. The study
suggested that coincident potassium and magnetic anomalies are potential
targets for further gold exploration. The study identified two north striking
corridors defined by co-incident potassium and magnetic anomalies.
    Using the geophysical interpretation, regolith study and geochemical soil
sampling, the bedrock geology was interpreted, given there is no bedrock
outcrop. Present indications are that the stratigraphy probably strikes in a
north-south direction.
    Avnel utilised all these reports to identify priority drill targets. The
14 gold anomalies were grouped into six Sectors and prioritised based on the
geochemical, geophysical and regolith interpretations. A provisional drill
program is summarised in Table 1.

    Table 1
    Sector Name       Anomaly Number         Drill Holes        Drill Metres
    Sector 1                  1 & 11                 129              12,900
    Sector 2           4,5,6,7,8 & 9                 114              11,400
    Sector 3                   2 & 3                  67               6,700
    Sector 4                      10                  50               5,000
    Sector 5                 13 & 14                  27               2,700
    Sector 6                      12                  16               1,600
    TOTAL                                      403 holes       40,300 metres

    The proposed drill program will mainly consist of RC drill holes although
some diamond drill holes will provide core to interpret bedrock geology. The
drill fence lines will run east-west and be spaced approximately 200 metres
(N-S). The proposed program is set out in a report dated August 2007 by Avnel
Gold and is available on the website www.avnelgold.com.
    The Avnel-1 anomaly in Sector 1 is the largest and the most important in
terms of gold and arsenic values. It extends for almost 4 kilometres in a N-S
direction and for 1.5 kilometres in an E-W direction. The highest gold-in-soil
values of the Avnel-1 anomaly show a preferential NNW-SSE orientation and they
are contained in three parallel linear bands. The same preferential direction
can be seen in the coincident high arsenic values. The Avnel-1 anomaly is also
characterised by a cluster of potassium anomalies over an area 2km long by
1.5km wide.
    Sector 2 includes gold anomalies 4,5,6,7,8 and 9 and stretches for 10kms
in a north-south direction. The sector lies along the eastern contact of an
interpreted granitoid batholith and in a corridor identified by geophysical
interpretation as a potential gold target. The gold anomalies are located in
an area of "completely preserved regolith" or "partly eroded regolith"
indicating the anomalies are close to source.
    The remaining Sectors contain significant gold anomalies, some located in
"completely preserved regolith", some lying in one of the two corridors
defined with co-incident potassium and magnetic anomalies and often associated
with artisanal workings.
    The Mineral Corporation Reports are available on the Avnel website,
    The timing and funding for the next phase of exploration on the Fougadian
Permit will be announced in due course.
    The Fougadian Permit was awarded to Avnel Mali, a 100% owned subsidiary
of Avnel Gold Mining Ltd. Avnel has a 90% interest and the Malian State a 10%
interest in the permit. The Fougadian Exploration Permit, which covers
150 square kilometres, was awarded to Avnel in 2006 in accordance with the
1999 Mining Code. It is located in southern Mali, immediately south of Avnel's
producing Kalana Mine and Exploitation Permit. Avnel has identified 10 drill
targets on its 387 sq.km Kalana Permit and has discovered high grade
mineralization at the Djirila prospect in the south-east of the Kalana Permit.
The Kalana Permit is very prospective and is held by Avnel for a 30 year
period that started in 2003. Avnel is focusing its exploration activity on the
Fougadian Permit at this time.


    Roy Meade
    Chief Executive Officer

    Avnel Gold Mining Ltd.
    UK Representative Office
    39 Cheval Place
    London, SW7 1EW
    Phone +44 207 589 9082, FAX +44 207 589 8507
    Website: www.avnelgold.com
    Email: rmeade@avnelgold.com

    Caution Regarding Forward Looking Statements:

    Statements regarding the corporation's plans with respect to the
exploration of the Fougadian Permit are forward-looking statements. There can
be no assurance that the exploration program on the Fougadian Permit will
identify minerals resources.

    The TSX has neither approved nor disapproved the form or content of this
    information release.

    Click here to view Fougadian Permit Map
    <a href="http://files.newswire.ca/357/avnel_mali_sarl.doc">http://files.newswire.ca/357/avnel_mali_sarl.doc</a>
    %SEDAR: 00021819E

For further information:

For further information: Roy Meade, Chief Executive Officer, Avnel Gold
Mining Ltd., UK Representative Office, +44 207 589 9082, Fax: +44 207 589
8507, www.avnelgold.com, rmeade@avnelgold.com; Renmark Financial
Communications Inc.: Barry Mire, bmire@renmarkfinancial.com; Maurice Dagenais,
mdagenais@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890