Oct 9 2012
Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") is pleased to announce record third quarter 2012 production of approximately 32,137 ounces of gold from its Tabakoto operation in Mali, West Africa.
The Company's production has increased in each quarter this year, and has set three consecutive records for the amount of gold produced in one quarter. Year to date gold production is now 87,030 ounces after refinery adjustments. Avion's management anticipates that it will exceed its current production guidance of 95,000 to 102,000 ounces of gold for 2012.
During the third quarter of 2012 the Company milled 198,400 tonnes of ore at an average grade of 5.39 g/t Au, with a 93.9% mill recovery.
Avion's Chief Operating Officer, Mr. Andrew Bradfield, commented on the third quarter 2012: "The Tabakoto Mine is demonstrating its potential to produce gold on a consistent basis, and is projected to produce in excess of 100,000 ounces of gold this year."