Avion Gold produces 6,278 ounces of gold in October
Avion Gold Corp (C:AVR)
Shares Issued 220,512,693
Last Close 11/5/2009 $0.34
Friday November 06 2009 - News Release
Mr. Rene Bharti reports
AVION RUN-RATE FOR OCTOBER GREATER THAN 7,500 OUNCES OF GOLD
Avion Gold Corp. produced approximately 6,278 ounces of gold during 25 days of production in the month of October -- an average of 251 ounces per day. This number indicates a predicted run-rate for the month of October of approximately 7,500 ounces, based on a full month of production. Avion did not produce during the first six days of October as a result of weather-related supply interruptions. Please see the Stockwatch news release dated Oct. 7, 2009.
For the month of October, the Company realized an average grade of 3.90 g/t, with a 96.8% mill recovery. Production for the months of November and December is estimated to be approximately 7,100 ounces per month, and the Company maintains its belief that it will achieve the predicted target of 50,000 ounces for 2009.
Commenting on the October production numbers, Avion's President and CEO, Mr. John Begeman stated: "We are pleased with October's production results. The team in Mali has worked hard to get our productivity to this level and we are encouraged and believe this production rate will be maintained."
Andrew Bradfield, P.Eng., the Chief Operating Officer of the Company and a qualified person under National Instrument 43-101, has reviewed the scientific and technical information in this press release.
