Avion Gold Corporation
TSX VENTURE : AVR

Avion Gold Corporation

December 11, 2008 10:15 ET

Avion Announces Final Exploration Results Program Best Drill Intercept of 26.94 g/t Au (Uncut) Over 16.9 Metres Core Length Segala and Tabakoto Gold Projects, Mali

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2008) - Avion Resources Corp. ("Avion" or "the Company") (TSX VENTURE:AVR), today announced the final results for Avion's 79 hole, 15,341 metre 2008 drilling program (please see figure for intercept locations). Consistent with previous results, drill results, the continue to meet the expectations of the Company that were based on information provided by previous programs with a best intercept in a hole from the northwest corner of the Tabakoto pit that returned 26.94 g/t Au (uncut) over 16.4 metres core length.

The following summarizes the new material results from the 2008 exploration program.




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Core Au g/t
From To Length(i) Au capped @
Target Area Hole # (m) (m) (m) g/t 30 g/t Au Purpose of Hole
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Segala Open Pit
Segala zone S-08-25 28.5 66.0 37.5 3.07 2.64 Target
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Segala Open Pit
Segala Zone S-08-26 6.0 33.0 27.0 4.28 3.46 Target
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Segala Open Pit
Segala zone S-08-26 46.5 52.0 5.5 5.99 4.56 Target
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Trace
Tabakoto pit mineralization
north to north of
extension T-08-14 59.8 66.0 6.2 8.16 8.16 Tabakoto pit
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Tabakoto pit Delineate high
north NE grade
Zone T-08-17 32.0 39.2 7.2 5.38 5.38 structure
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Extend known
Dabo zone T-08-22A 120.7 127.5 6.8 12.79 9.41 zone
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Tabakoto pit Delineate high
area - NW grade
zone T-08-23 124.6 141.0 16.9 26.94 13.02 structure
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Tabakoto pit Delineate high
area - NW grade
zone T-08-23 192.9 201.4 8.5 9.18 6.88 structure
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Tabakoto pit Delineate high
area - NW grade
zone T-08-24 115.5 122.3 6.8 7.74 7.74 structure
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Tabakoto pit Delineate high
area - NW grade
zone T-08-25 223.8 228.1 4.3 12.69 9.65 structure
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Tabakoto pit Delineate high
area - NW grade
zone T-08-26 96.0 107.6 11.6 8.61 8.61 structure
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Tabakoto pit Delineate high
area - NW grade
zone T-08-26 169.3 177.0 7.7 17.91 12.27 structure
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Tabakoto pit Delineate high
north - NE grade
zone T-08-27 93.6 94.5 0.9 12.90 12.90 structure
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Tabakoto pit Delineate high
north - NE grade
zone T-08-28 55.4 56.3 0.9 14.05 14.05 structure
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Tabakoto pit Delineate high
north - NE grade
zone T-08-29 54.2 61.9 7.7 37.12 7.88 structure
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Moralia Area M-08-03 27.0 37.5 10.5 1.67 1.67 New zone
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Note" (i) Represents core width not true width. Relation to true width
undetermined at this time.



Holes S-08-25 and S-08-26 tested select areas in the proposed Segala open pit to confirm grade expectations and zone locations. The results from these two holes are consistent with the grade of the mineralization that Avion has estimated over the zone.

Hole T-08-14 tested the area 600 metres north of the current Tabakoto pit. Based on this hole, along with previously released holes (see holes S-08-07 to 13 in previous news release dated October 8th, 2008) in this area, Avion believes that there is a high likelihood of identifying additional estimated resources, over several zones, between the south end of the Tabakoto pit and the Darsalam zone, a distance of 1,800 metres, is deemed high. Holes T-08-17, 27 to 29 tested a northeast trending structure in the southern part of the Tabakoto pit. Avion believes that these holes exhibit the potential for ore grades and widths suitable for underground mining.

Avion infers that hole T-08-22A represents a 5th cut across a new high grade zone located just south of the Tabakoto pit that has been traced for 215 metres down dip and 30 metres along strike to the 250 metres below surface (T-104 - 7.93 g/t Au over 14.2 metres from 336.0 to 350.2 metres; T-199 - 8.85 g/t Au over 5.3 metres from 235.7 to 241.0 metres; T-212 - 3.27 g/t Au over 4.0 metres from 142.4 to 146.4 metres and; T-213 - 9.62 g/t Au over 5.4 metres from 177.1 to 179.5 metres); this zone is open along strike and at depth.

The remaining group of holes tested discrete structural targets in the Tabakoto pit with holes T-08-23 to T-08-26 testing two northwest-trending structures below the northern edge of the pit and holes T-08-27 to T-08-29 testing northeast-trending structures below the south end of the pit. In both areas drill intercepts returned good gold grades and widths potentially capable of supporting underground mining activities. These holes, which tested the two structural trends in the Tabakoto pit, returned some of the best drill results of the 2008 program. This new information along with previous drill results and mapping will provide the basis for a updated geological model of the mineralized zones which in turn is contemplated to provide the basis for a new resource study to be completed in 2009.

The final hole of this group, M-08-03 tested the northern edge of an area of recently intensified artisanal mining approximately 2.5 km northeast of the Tabakoto pit. Site inspection of the area revealed abundant sulphide-mineralized felsic intrusive material over surface widths of at least 20 metres. This area represents part of a parallel mineralized structure to the 10+ km long mineralized Tabakoto trend, that soil geochemical data indicates may be more than 4 km long.

Follow-up testing of a high grade intercept in the Darsalam area (located approximately 950 metres north of the Tabakoto pit) of 13.56 g/t Au (uncut) over 22.5 metres (hole DS-08-01) has extended the mineralization for approximately 75.0 metres along strike and 185.0 metres to depth. This new area of mineralization, which is still open along strike to the north and to depth, combines the necessary features of grade and width to potentially provide initial shallow open pit resources followed up by underground extraction. Avion is currently considering whether this area, which lies just outside of the current Tabakoto mine site fence, can add to any potential future project development.




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Core g/t Au
From To Length(i) capped at
Area Hole (m) (m) (m) Au g/t 30 g/t Au Purpose of Hole
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Darsalam DS-08-01 40.5 64.5 22.5 13.56 5.49 New zone - Darsalam
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Darsalam DS-08-01 86.1 91.0 4.9 20.80 19.03 New zone - Darsalam
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Darsalam DS-08-06 176.0 190.0 12.8 12.80 10.47 New zone - Darsalam
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Darsalam DS-08-07 15.0 54.0 39.0 1.53 1.53 New zone - Darsalam
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Darsalam DS-08-08 16.5 37.5 21.0 3.48 3.48 New zone - Darsalam
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Darsalam DS-08-08 37.5 66.0 28.5 1.76 1.76 New zone - Darsalam
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Note" (i) Represents core width not true width. Relation to true width
undetermined at this time.



Full details of the 2008 exploration reports will be presented in a technical report that will be filed on under the profile of the Company on SEDAR.

"Avion continues to be encouraged by the exploration results which it believes confirms continued high grades and the potential for the development of both shallow open pit and underground mineral resources in many target areas. Our next steps from an exploration point of view are to develop geological models consistent with Avion's mapping and drill data that will support the development of estimated underground-mineral resources both below and along strike of the current Tabakoto pit. In conjunction with this work follow-up of potentially open pit mineable zones that can add to the current scoping study plan that is being developed will take precedence. New targets and exploration continue to be developed in the project area and it is anticipated that mine-proximal exploration proximal to the deposits will continue to reap dividends for Avion." stated Don Dudek, Senior Vice President, Exploration of the Company.

Tabakoto and Segala Projects

As Avion disclosed on September 15th, 2008 the Company along with Segala Project partner, Dynamite Resources Ltd., plans to focus on the Segala project during the first phase of a new mining strategy. Avion plans to commence mining operations at Segala with two years of open-pit production (at a projected low-strip ratio), followed by underground mining. The Company believes that the new plan will realize robust and earlier-than-expected cash flow from operations; Avion anticipates production to begin at Segala in mid-February 2009. The strategy is to mine near-surface mineral resources with minimum waste stripping and then proceed to underground mining.

"Management is excited about the new Segala and Tabakoto mining strategy developed and presented in September 2008. We believe that recent assays from Segala and Tabakoto confirms our approach and continues to demonstrate the potential that we see in the existing deposits, as well as surrounding target areas," commented John Begeman, President and CEO of the Company. "We believe that the Company is well positioned to implement our strategy as our team prepares for production at Segala, targeted for February 2009."

Avion's procedures for handling drill core comprise initial description and logging into a Microsoft Access database. Mineralized and suspected mineralized intervals in the holes are described in detail and marked for sampling. Core is then cut in half with the right-hand portion of the core put into plastic sample bags and sealed. Assay standard samples are inserted every 20th sample and split core from every 20th sample is also quartered and sent in as a separate sample to double check the assays from these intervals. This sampling procedure was initiated and periodically reviewed by Avion's Senior Vice President of Exploration, Don Dudek. These samples were then delivered to a representative of ALS Chemex based in Bamako, Mali. The assay samples are then fine-crushed to better than 70% passing a -2mm screen, with an assay pulp split of up to 250 grams pulverized to better than 85% passing 75 micron screen. Gold values were determined by Fire Assay and AAS with a 50 gram nominal sample weight. In order to ensure that local, exceptionally high grade assays are not overly represented in assay composites Avion is also presenting assay composites with high grade samples capped at 30 g/t Au.

Don Dudek, P.Geo., Senior Vice President, Exploration of the Company and a qualified person under National Instrument 43-101, has reviewed the scientific and technical information regarding the exploration results presented in this press release. Avion Resources has not completed a feasibility study on the Mali gold projects and there is no certainty the proposed operations will be economically viable.

About Avion Resources Corp.

Avion is a Canadian-based exploration and development company focused on strategic acquisitions in Africa. Avion has a team of highly qualified geologists and operational staff that are focused on developing the Tabakoto and Segala properties. Avion currently holds 80% of the Tabakoto Mine and Mill complex and 40% of the Segala gold deposits in Mali.

Cautionary Notes

This press release contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the development potential and timetable of the Mali projects; the Company's ability to raise additional funds as necessary; the future price of gold; conclusions of economic evaluation (including scoping studies); the timing and amount of estimated development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of exploration and mining at the Mali projects are based on results of previous mining activities at the projects, and detailed research and analysis completed by independent consultants and management of the Company; research and estimates regarding the timing of delivery for long-lead items; knowledge regarding the factors involved in building a mine and other factors that will be described in the technical report that will be filed under the profile of the Company on SEDAR.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing on acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project parameters as plans continue to be refined; future prices of gold; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

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http://media3.marketwire.com/docs/avr1211.pdf

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