Edison Investment Research - Avnel Gold Mining (AVK.) Update: Kalanas gold content increases 27 percent (cf PEA)

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Edison Investment Research

Update: Kalana's gold content increases 27 percent (cf PEA)

Avnel has materially increased the confidence level of the Kalana Main Projectâ€™s gold resource and increased the gold content of the resource pit shell by around 27%. Indicated gold resources increase 55% with a corresponding drop in inferred resources by 60%. The increase in geological understanding of Kalana reflected in these results bodes well for the upcoming prefeasibility study (PFS) expected near the end of 2014.

27/10/2014 7 EN

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Avnel Gold Mining

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GB00B09Y5410 Guernsey

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Kalana's gold content increases 27 percent (cf PEA)

A director bought 183,000 shares at 0.260CAD and

AGBA - A transformational deal

Biodexa Pharmaceuticals - In a period of transition

Norcros - Sale of Johnson Tiles UK agreed

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