Avanti Mining Inc.

Avanti Mining Inc.

October 07, 2009 09:40 ET

Avanti Mining Inc. Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - Avanti Mining Inc. ("Avanti") (TSX VENTURE:AVT) today announces the appointment of James R. Arnold, P.E., as a director of the company.

Mr. Arnold has over 30 years of experience in the mining industry, recently as Vice President, Colorado Operations, for Freeport McMoRan, overseeing the Henderson Mine and the Climax project in Colorado. Henderson is the world's largest molybdenum mine and the world's lowest cost underground mine. Duties included seeing the Climax re-start project through the feasibility study, board approval, engineering, staffing, and construction stages. He is currently the Sr. Vice President, Chief Operating Officer and board Member of Romarco Minerals, a junior gold mining company focused on the construction and commissioning of the Haile Mine in South Carolina. In addition, he has held various high ranking positions with Coeur d'Alene Mines, Knight Piesold, Kinross, and Santa Fe Pacific Gold Corp. In 2007, he was the President of the Society for Mining Metallurgy and Exploration (SME), and in 2006, he received SME's Richards Award, a senior technical award for outstanding contributions to metal recovery and leadership in plant management. He sits on the board of various state mining associations and councils.

Craig J. Nelsen, President and CEO of Avanti, emphasizes, "Jim's experience with the re-start efforts at the Climax molybdenum project will be invaluable to Avanti at this stage in its development of the Kitsault molybdenum mine. We are extremely pleased that Jim has agreed to serve on our board as we move Kitsault through the development and operations stages over the next few years."

Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia.

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; anticipated dates for receipt of permits and approvals, construction and production, and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; estimated timing and amounts of future expenditures, and the Corporation's future production, operating and capital costs, operating or financial performance, 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 fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the Corporation's prospectus dated July 31, 2007, which is 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.

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.

Contact Information

  • Avanti Mining Inc.
    Craig J. Nelsen
    Chief Executive Officer
    303-565-5491, extension 4471
    Avanti Mining Inc.
    Cheryl A. Martin
    Senior Vice President, Investor Relations
    303-565-5491, extension 4473