TORONTO, ONTARIO -- (MARKET WIRE) -- 01/05/11 -- Avion Gold Corporation (TSX: AVR)(OTCQX: AVGCF) ("Avion" or the 'Company') is pleased to announce record monthly production of approximately 9,171 ounces of gold in December, 2010 from its Tabakoto/Segala operations in Mali, West Africa, and record quarterly production of approximately 26,121 ounces of gold in the fourth quarter of 2010. The total annual production for 2010 was approximately 87,661 ounces of gold, and exceeded the upper end of the previous forecast range of 75,000 to 85,000 ounces of gold.
Commenting on the 2010 production numbers, Avion's Chief Operating Officer, Mr. Andrew Bradfield, stated: "Avion's focus on this mine in 2009 resulted in a highly successful start up and set the stage for growth in 2010 and beyond. Operations in 2010 improved over the year as Avion's understanding of the ore deposits increased resulting in more efficient and profitable extraction of gold. Efforts in 2010 also concentrated on preparing for both underground mining and doubling the process plant capacity, which management expects will lead to production of 200,000 ounces of gold per year."
100,000 Ounce Production Planned in 2011
Mill feed plans for 2011 include open pit mining at the Dioulafoundou deposit, underground development ore from the Tabakoto deposit, and stockpile reclamation of ore from the Segala open pit that was mined out in 2010. It is expected that ore derived from the Dioulafoundou pit and Tabakoto underground development will be higher grade than that mined at the Segala Pit in 2010. Several other ore zones will be available to provide alternative open pit ore sources (Tabakoto South and Djambaye II zones) with these being developed as required and as equipment availability permits. Underground development of the Segala deposit is planned to be well underway during the year. Gold production is estimated at approximately 22,000 ounces during the first quarter, increasing to 27,000 ounces in the fourth quarter as the amount of development ore from Tabakoto underground increases.
Avion has ordered a SAG mill from Polysius Corporation, which management expects will have the longest manufacturing time of any single item required for the plant expansion project. Activities in early 2011 will concentrate on ordering equipment for the expansion, and then the focus will shift to construction at the mine site.
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