SOURCE: Avanti Mining Inc.

Avanti Mining Inc.

October 11, 2011 08:30 ET

Avanti Receives Approval for Kitsault Environmental Assessment Application Information Requirements

VANCOUVER, BC--(Marketwire - Oct 11, 2011) - Avanti Mining Inc. (TSX-V: AVT) (PINKSHEETS: AVNMF) ("Avanti" or the "Company") is pleased to announce that it has received approval for the Application Information Requirements (AIR) of its Environmental Assessment (EA) for the Kitsault Mine Project in northern BC. This document meets the requirements of the British Columbia Environmental Assesment Act and the Canadian Environmental Assessment Act. The AIR specifies the information that must be contained in the EA Application for the Environmental Certificate and is valid for a period of three years from its approval date of October 6, 2011.

"Approval of the AIR is a significant milestone within the Environmental Assessment process," Mr. Craig J. Nelsen, President and CEO stated. "With its acceptance, all the information needed in the EA Application is specified. Avanti and its consultants have been collecting and analyzing new environmental baseline information, as well as over twenty years of previous operators environmental and reclamation information to inform this application. The EA Application is substantially complete and we hope to submit it for screening review to the regulators during the current quarter."

The approval issued pursuant to a section 13 Order dated June 3, 2011, also incorporates the comments of First Nations, Nisga'a Nation, provincial, federal and local governments as well as those of the public. It also provides a plan for similar engagement of public comments on the EA Application. The AIR is posted on the EAO's Project Information Center website at www.eao.gov.bc.ca.

Avanti Mining Inc. is focused on the development of the past producing Kitsault Mine Project located north of Prince Rupert in British Columbia. In late 2010, Avanti completed the Kitsault Feasibility Study on the Kitsault Mine Project, dated December 15, 2010, prepared by AMEC Americas Limited that showed Proven and Probable Reserves of 232.5 million tonnes averaging 0.081% molybdenum. Ken Collison, P. Eng., Senior Vice President Project Development and a Qualified Persons as defined by NI 43-101, is responsible for the technical information in this press release.

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 in particular, statements herein about the submission by the Corporation of its Environmental Assessment application for the Kitsault Project during the fourth quarter of 2011, 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 preparation of the EA application, the fact that the Corporation's employees and consultants may divide their time between other projects and other risks and uncertainties disclosed in the Corporation's Annual Information Form for the year ended December 31, 2010, 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, excepting as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • For further information, please visit www.avantimining.com, or contact:

    Craig J. Nelsen
    Chief Executive Officer
    303-565-5491, extension 4471

    A.J. Ali
    Chief Financial Officer
    303-565-5491, extension 4472