Avanti Mining Inc.
TSX VENTURE : AVT
PINKSHEETS : AVNMF

Avanti Mining Inc.

June 24, 2014 08:30 ET

Avanti Mining Commences Construction at the Kitsault Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 24, 2014) - Avanti Mining Inc. (TSX VENTURE:AVT)(PINKSHEETS:AVNMF) ("Avanti") is pleased to announce the commencement of construction activities at its Kitsault project on June 23, 2014, after receiving an "Occupant License to Cut" from the BC Ministry of Forests Lands and Natural Resource Operations and other secondary construction related approvals.

The receipt of these approvals, which followed the amended Mines Act permit issued on June 13, 2014, allowed Avanti to initiate site activities at Kitsault. Contractors have now started with road construction and are being mobilized to commence camp construction activities.

"We are very excited about the commencement of construction work at Kitsault," said Jeff Lowe, Chief Operating Officer of Avanti. "This is a significant milestone for the Kitsault molybdenum project and marks the completion of a very important aspect of Avanti's permitting efforts."

Avanti is focused on the development of the past-producing Kitsault molybdenum mine located north of Prince Rupert, British Columbia. The Kitsault Mine Project received an environmental assessment certificate from the province of British Columbia in March 2013 and an amended Mines Act Permit (M-10) on June 13, 2014. A federal environmental assessment decision is expected in the near future.

For further information, please visit www.avantimining.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of Avanti Mining Inc. (the "Corporation"). All statements, other than statements of historical fact, included herein including, without limitation; statements related to the receipt of the environmental assessment decision are forward-looking statements. These forward-looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; and other risks and uncertainties disclosed in the Corporation's MD&A and the Annual Information Form for the year ended December 31, 2013, which are available at www.sedar.com. The Corporation is under no obligation to update forward-looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • Gordon J. Bogden
    President and Chief Executive Officer
    (416) 847-0376

    Graham du Preez
    Chief Financial Officer
    (416) 847-0376