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Avnel Gold Mining Ltd.

03:42 PM EST - Avnel Gold Mining Ltd. : provided a project update for the work programme on its 80% owned 387.4-square-kilometre Kalana exploitation permit in Mali conducted by its joint venture partner IAMGOLD Corporation as operator of the exploration venture. Between January and April 2011, 11,592 metres of diamond drilling was completed at the Kalana Mine using two diamond drill rigs. The 2011 work program aims to complete 34,500 metres of drilling with a total budget of $8 million. Avnel Gold Mining Ltd. shares T.AVK are trading up $0.05 at $0.61.