15th Aug 2011 07:00
AVOCET MINING PLC
INATA DRILL RESULTS SUPPORT FURTHER MINE EXPANSION
Avocet Mining PLC ("Avocet" or "the Company") has received the latest results from its drilling programme at its flagship Inata gold mine in Burkina Faso. The drilling programme was conducted over the first half of 2011 within the Company's existing mine license area. Highlights of these results are:
·; Extensive drilling along the projected north-south trend of the Inata strike, continues to intersect significant gold mineralization at potentially economic depths
·; High grade intercepts (3.4m at 10.6 g/t Au and 5.5m at 6.35 g/t Au) and wide intercepts of medium grade (45 m @ 3.26 g/t Au and 44.6 m @ 3.73 g/t Au) occur over six kilometres of strike
·; Continuing trend of strong drill results supports plan for mine expansion in 2012 to apx. 245,000 oz. capacity for FY2013 production
·; Sufficient drill results now received to complete Mineral Resource update, which will significantly contribute towards the Company's intended target of doubling reserves at Inata to 1.8 M oz.
·; Mineral Reserve update on track for release at the end of Q3 2011
Inata North Extension |
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Ÿ 13 m @ 2.36 g/t Au from 334.1 m in INRD0065 |
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(incl. 7.9 m @ 3.57 g/t Au) |
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Inata North |
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Ÿ 44.6 m @ 3.73 g/t Au from 266.4 m in INDD0126 |
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(incl. 16 m @ 3.70 g/t Au & 5 m @ 4.13 g/t Au) |
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Ÿ 16.5 m @ 2.30 g/t Au from 222 m in INDD0127 (4 m @ 3.45 g/t Au & 6 m @ 2.75 g/t Au) |
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Ÿ 3.4 m @ 10.6 g/t Au from 358.2 m in INDD0124 (incl. 2.4 m @ 14.8 g/t Au) |
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Ÿ 5.5 m @ 6.35 g/t Au from 341.2 m in INDD0126 (incl. 4.8 m @ 7.15 g/t Au) |
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Inata Central |
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Ÿ 10 m @ 3.20 g/t Au from 179 m in INRD0138 |
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(incl. 5 m @ 5.65 g/t Au) |
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Inata South |
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Ÿ 13.3 m @ 2.54 g/t Au from 127.9 m in INDD0093 |
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(incl. 6.5 m @ 4.42 g/t Au) |
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Minfo and Minfo East | ||||
Ÿ 45 m @ 3.26 g/t Au from 49 m in INRD0120 |
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(13 m @ 6.19 g/t Au, 4 m @ 4.13 g/t Au, Ÿ 9 m @ 3.37 g/t Au & 1 m @ 4.63 g/t Au) |
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Ÿ 17.2 m @ 3.02 g/t Au from 118.4 m in INRD0127 (incl. 8 m @ 4.36 g/t Au & 2.1 m @ 4.37 g/t Au) |
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Ÿ 17.7 m @ 2.92 g/t from 107 m in INRD1644 (incl. 6 m @ 3.33 g/t Au & 8.2 m @ 3.55 g/t Au) |
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Ÿ 18 m @ 2.39 g/t Au from 75 m in INRD0119 (incl. 6 m @ 3.52 g/t Au & 5 m @ 3.34 g/t Au) |
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Ÿ 26.6 m @ 1.22 g/t Au from 236.9 m in INDD0090 (incl. 2m @ 4.86 g/t Au and 2m @ 2.66 g/t Au) |
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Ÿ 8 m @ 3.46 g/t Au from 26 m in INRC1889 |
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Figure 1 below shows the location of the most significant intercepts and Table 1 below lists all new significant intercepts. These drill holes have tested mineralisation beneath and along strike from Inata North, Inata Central, Inata South, Minfo and Sayouba as part of a programme targeted at realising the larger scale of the Inata Mineral Resource and doubling the original Mineral Reserves.
These results are the fourth release of results from Inata in 2011, and are from an additional four reverse circulation ("RC") drill holes (659 metres) and 50 diamond drill holes ("DD") (7,963 metres) that make up the total completed programme to date of 438 RC drill holes (61,245 metres), 163 DD holes (including 95 RC with diamond tail drill holes and 68 diamond drill holes) (40,722 metres).
Results from 86% of the total samples taken have now been reported. An interim Mineral Resource update is expected to be released in the coming weeks and the subsequent interim Mineral Reserve update is expected in Q3 2011.
The results of samples from the 3,641 metres of RC drilling and 12,002 metres of diamond core drilling, which make up the balance of unreported results, together with the results from further drilling to be completed in October and November 2011, will be included in the final Mineral Resource update for Inata in Q4 2011 and subsequent Mineral Reserve update in Q1 2012.
Commenting on the latest drilling results from Inata, Brett Richards, Chief Executive Officer for Avocet, stated:
"These results, in conjunction with the previous drilling announced within the Inata mining license, illustrate that the extensions of the ore body to the north, south and at depth are significant. Our resulting Mineral Resource and subsequent Mineral Reserve update, both due by the end of Q3 2011, should fulfil our target of doubling the original Mineral Reserve to 1.8M oz. This underpins our decision to expand production capacity at Inata to apx. 245,000 oz annually."
The information in this announcement is based on information reviewed and audited by Mr Peter Flindell (MAusIMM), Executive Vice President of Exploration for Avocet. Mr Flindell has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as a Qualified Person as defined by the Canadian National Instrument 43-101 for the reporting of Exploration Results, Mineral Resources and Mineral Reserves (NI 43-101) and as a Competent Person as defined by the Australian JORC Code (2004) for the reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Flindell consents to the inclusion of the technical information in this announcement in the form and context in which it appears.
For further information please contact:
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Avocet Mining PLC | Buchanan | Ambrian Partners Limited | J.P. Morgan Cazenove | Arctic Securities | SEB Enskilda | ||
Financial PR Consultants | NOMAD & Joint Broker | Lead Broker | Financial Adviser & Market Maker | Market Maker | |||
Brett Richards, CEO Mike Norris, FD Angela Parr, Investor Relations | Bobby Morse Katharine Sutton | Samantha Harrison Jen Boorer | Michael Wentworth-Stanley Neil Passmore | Arne Wenger Petter Bakken | Fredrik Cappelen | ||
+44 20 7766 7676 | +44 20 7466 5000 +44 78 7260 4783 | +44 20 7634 4700 | +44 20 7588 2828 | +47 2101 3100 | +47 2100 8500
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www.avocet.co.uk | www.buchanan.uk.com | www.ambrian.com | www.jpmorgancazenove.com | www.arcticsec.no | www.sebenskilda.no | ||
Notes to Editors
Avocet Mining PLC ("Avocet" or "the Company") is a gold mining and exploration company listed on the AIM market of the London Stock Exchange (Ticker: AVM.L) and the Oslo Børs (Ticker: AVM.OL). The Company's principal activities are gold mining and exploration in Burkina Faso (as 90 per cent owner of the Inata gold mine and 100 per cent owner of 8 exploration licences in the Bélahouro region surrounding Inata) and exploration in Guinea.
In December 2010 Avocet announced that it had signed a binding agreement for the conditional sale of its South East Asian assets to J & Partners L.P., a private company, for US$200 million. On 24 June 2011, the Company announced it had completed the substantial sale of its main South East Asian assets to PT Bara Kutai Energi, an affiliate of J & Partners L.P., including its 100 per cent interest in the Penjom Gold Mine in Malaysia and its 80 per cent interest in PT Avocet Bolaang Mongondow, which owns the North Lanut mine and Bakan project in North Sulawesi, Indonesia, for proceeds of US$170 million. The completion of the sale of Avocet's remaining South East Asian assets pursuant to the same sale agreement is expected to occur during Q3 2011, following receipt of necessary government approvals.
The substantial completion of this transaction has left Avocet as a West African gold producer and explorer, with a clear strategy for growth in that region.
Background to Operations
The Inata deposit presently comprises a Mineral Resource of 2.12 million ounces and a Mineral Reserve of 1.08 million ounces. Inata poured its first gold in December 2009 and has now reached a production rate in excess of 13,500 ounces per month. Other assets in West Africa include exploration permits in Burkina Faso (the most advanced prospect within Bélahouro being the Souma trend, some 20 kilometers from Inata, with a Mineral Resource of 561,100 ounces), Guinea (the most advanced being the Tri-K gold exploration project with a Mineral Resource of 1.10 million ounces) and Mali.
FIGURE 1: LOCATION OF SIGNIFICANT INTERCEPTS AT INATA
http://www.rns-pdf.londonstockexchange.com/rns/3221M_-2011-8-12.pdf
TABLE 1: SIGNIFICANT INTERCEPTS AT INATA
Hole ID | East | North | RL | Az | Dip | EOH (m) | From (m) | To (m) | Width (m) | Grade (g/t Au) | Including |
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INDD0061 | 682102 | 1583091 | 325 | 360 | -60 | 237.0 | 106 | 108 | 2 | 11.9 | ||
161 | 170 | 9 | 0.86 | |||||||||
179.5 | 180.5 | 1 | 4.33 | |||||||||
184.5 | 185.5 | 1 | 1.68 | |||||||||
INDD0084 | 682915 | 1589203 | 361 | 90 | -60 | 241.5 | 102 | 103 | 1 | 0.52 | ||
110.6 | 112 | 1.4 | 0.59 | |||||||||
139 | 145 | 6 | 1.05 | |||||||||
153.6 | 156.8 | 3.2 | 2.55 | |||||||||
INDD0085 | 682845 | 1589300 | 353 | 90 | -60 | 382.2 | 193.1 | 194.75 | 1.65 | 1.37 | ||
197 | 201 | 4 | 1.86 | 2m @ 2.24 g/t Au | ||||||||
229.6 | 233.3 | 3.7 | 1.16 | |||||||||
237.2 | 239.2 | 2 | 0.80 | |||||||||
286.2 | 288.2 | 2 | 0.75 | |||||||||
INDD0089 | 682358 | 1583099 | 324.466 | 2 | -60 | 265 | 38 | 40 | 2 | 2.16 | ||
54 | 57 | 3 | 0.44 | |||||||||
91 | 93 | 2 | 0.87 | |||||||||
247.9 | 253.9 | 6 | 1.02 | |||||||||
257.9 | 259.9 | 2 | 0.77 | |||||||||
INDD0090 | 682403 | 1583080 | 324 | 0 | -60 | 265.5 | 236.9 | 263.5 | 26.6 | 1.22 | 2m @ 4.86 g/t Au & 2m @ 2.66 g/t Au | |
INDD0093 | 682639 | 1585454 | 314 | 85 | -60 | 250.5 | 127.9 | 141.2 | 13.3 | 2.54 | 6.5m @ 4.42 g/t Au | |
152 | 154.5 | 2.5 | 4.79 | 1.5m @ 7.23 g/t Au | ||||||||
INDD0095 | 682260 | 1583073 | 325 | 0 | -60 | 281 | 103.5 | 113 | 9.5 | 1.96 | 1.8m @ 2.28 g/t Au & 3m @ 3.41 g/t Au | |
116.5 | 123.1 | 6.6 | 1.28 | 2.1m @ 2.31 g/t Au | ||||||||
137.4 | 138.7 | 1.3 | 0.64 | |||||||||
192.2 | 193.2 | 1 | 2.70 | |||||||||
INDD0123 | 682710 | 1588701 | 325 | 90 | -60 | 368.5 | 159 | 162.18 | 3.18 | 0.58 | ||
176.69 | 177.69 | 1 | 0.57 | |||||||||
197.65 | 202.65 | 5 | 1.39 | 1m @ 2.58 g/t Au | ||||||||
237.8 | 242.5 | 4.7 | 2.08 | 3m @ 3.04 g/t Au | ||||||||
247.4 | 249.4 | 2 | 2.46 | |||||||||
259.4 | 282.9 | 23.5 | 1.03 | 2m @ 3.35 g/t Au | ||||||||
286.9 | 298.5 | 11.6 | 1.69 | 1.7m @ 7.36 g/t Au | ||||||||
301.7 | 302.7 | 1 | 0.85 | |||||||||
INDD0124 | 682568 | 1588400 | 328 | 90 | -60 | 481.5 | 342.3 | 352.9 | 10.6 | 2.24 | 3m @ 4.00 g/t Au & 1m @ 4.50 g/t Au | |
358.2 | 361.6 | 3.4 | 10.6 | 2.4m @ 14.8 g/t Au | ||||||||
368.3 | 370.4 | 2.1 | 0.87 | |||||||||
373.4 | 378 | 4.6 | 4.01 | |||||||||
384 | 388.7 | 4.7 | 2.32 | 2m @ 3.83 g/t Au | ||||||||
403 | 405 | 2 | 9.49 | |||||||||
413 | 426.4 | 13.4 | 1.79 | 9.4m @ 2.22 g/t Au | ||||||||
INDD0125 | 682680 | 1588650 | 325 | 87 | -58 | 347.5 | 187.5 | 189.1 | 1.6 | 0.72 | ||
208.2 | 217 | 8.8 | 0.86 | |||||||||
222 | 223.9 | 1.9 | 0.69 | |||||||||
278.1 | 297.2 | 19.1 | 1.43 | 1m @ 3.87 g/t Au | ||||||||
320 | 324.5 | 4.5 | 1.22 | 1m @ 2.43 g/t Au | ||||||||
INDD0126 | 682607 | 1588501 | 327 | 90 | -60 | 425.7 | 233.5 | 234.5 | 1 | 0.75 | ||
266.4 | 311 | 44.6 | 3.73 | 16m @ 3.70 g/t Au & 5m @ 4.13 g/t Au | ||||||||
313.9 | 315 | 1.1 | 1.45 | |||||||||
320.9 | 329.4 | 8.5 | 3.89 | 4.4m @ 6.88 g/t Au | ||||||||
341.2 | 346.7 | 5.5 | 6.35 | 4.8m @ 7.15 g/t Au | ||||||||
384 | 385 | 1 | 0.54 | |||||||||
INDD0127 | 682641 | 1588600 | 325 | 90 | -60 | 378.0 | 193.2 | 201 | 7.8 | 0.91 | 1.1m @ 2.24 g/t Au | |
210 | 217 | 7 | 2.81 | 2m @ 5.61 g/t Au | ||||||||
222 | 238.5 | 16.5 | 2.30 | 4m @ 3.45 g/t Au & 6m @ 2.75 g/t Au | ||||||||
242.1 | 249.5 | 7.4 | 1.18 | 2.3m @ 2.52 g/t Au | ||||||||
260.5 | 266 | 5.5 | 0.36 | |||||||||
271 | 272 | 1 | 0.76 | |||||||||
274.7 | 275.9 | 1.2 | 0.75 | |||||||||
280 | 281.9 | 1.9 | 2.86 | 1m @ 4.47 g/t Au | ||||||||
290 | 291.7 | 1.7 | 1.56 | 1m @ 2.20 g/t Au | ||||||||
294.7 | 300.2 | 5.5 | 1.30 | 2.3m @ 2.30 g/t Au | ||||||||
309.5 | 314 | 4.5 | 0.84 | |||||||||
INRC1888 | 683048 | 1589693 | 355 | 90 | -60 | 220.0 | 203 | 204 | 1 | 0.53 | ||
INRC1889 | 682853 | 1582973 | 322 | 358 | -60 | 95.0 | 16 | 20 | 4 | 0.77 | ||
26 | 34 | 8 | 3.46 | |||||||||
38 | 47 | 9 | 2.25 | |||||||||
73 | 74 | 1 | 0.89 | |||||||||
INRC1894 | 682881 | 1587450 | 343 | 90 | -60 | 219.0 | 180 | 187 | 7 | 2.34 | 2m @ 6.01 g/t Au | |
191 | 202 | 11 | 0.48 | |||||||||
209 | 212 | 3 | 0.57 | |||||||||
INRC1931 | 682765 | 1588303 | 270 | 90 | -60 | 135.0 | 80 | 82 | 2 | 2.76 | 1m @ 4.85 g/t Au | |
91 | 94 | 3 | 1.71 | 1m @ 4.26 g/t Au | ||||||||
99 | 104 | 5 | 1.56 | 1m @ 4.98 g/t Au | ||||||||
108 | 111 | 3 | 1.16 | |||||||||
123 | 124 | 1 | 0.57 | |||||||||
INRD0065 | 682767 | 1589400 | 344 | 90 | -60 | 443.5 | 257.5 | 266.15 | 8.65 | 1.03 | 1.4m @ 2.19 g/t Au | |
269 | 271 | 2 | 3.05 | 1m @ 5.55 g/t Au | ||||||||
287 | 290.1 | 3.1 | 0.31 | |||||||||
300.5 | 302.7 | 2.2 | 1.30 | |||||||||
305.5 | 306.7 | 1.2 | 1.20 | |||||||||
309.5 | 314 | 4.5 | 0.80 | |||||||||
316.9 | 323.9 | 7 | 0.49 | |||||||||
327.8 | 331.8 | 4 | 1.59 | 1.25m @ 2.92 g/t Au | ||||||||
334.05 | 347 | 12.95 | 2.36 | 7.9m @ 3.57 g/t Au | ||||||||
362.5 | 364.7 | 2.2 | 0.65 | |||||||||
369.2 | 371.4 | 2.2 | 1.91 | 1.2m @ 2.89 g/t Au | ||||||||
400 | 401 | 1 | 1.83 | |||||||||
INRD0066 | 682802 | 1589301 | 346 | 90 | -60 | 430.5 | 236 | 240 | 4 | 0.96 | ||
263 | 268 | 5 | 1.36 | 2.6m @ 2.07 g/t Au | ||||||||
276 | 284.7 | 8.7 | 0.92 | |||||||||
321.3 | 322.3 | 1 | 1.65 | |||||||||
INRD0068 | 682817 | 1589208 | 352 | 90 | -60 | 390.0 | 189 | 196.8 | 7.8 | 0.70 | ||
202 | 206 | 4 | 0.58 | |||||||||
211 | 219 | 8 | 0.88 | |||||||||
223.5 | 226 | 2.5 | 2.46 | |||||||||
INRD0072 | 682924 | 1589599 | 349 | 90 | -60 | 445.0 | 31 | 32 | 1 | 0.95 | ||
211 | 219 | 8 | 0.53 | |||||||||
223.6 | 225 | 1.4 | 0.81 | |||||||||
228 | 229 | 1 | 0.87 | |||||||||
248.6 | 250 | 1.4 | 0.72 | |||||||||
261.3 | 263 | 1.7 | 0.58 | |||||||||
306.6 | 310 | 3.4 | 1.12 | |||||||||
328 | 332.1 | 4.1 | 2.92 | 1.9m @ 5.68 g/t Au | ||||||||
INRD0075 | 682821 | 1587601 | 338 | 90 | -60 | 347.0 | 216.5 | 217.5 | 1 | 1.38 | ||
245.88 | 254.5 | 8.62 | 1.45 | 1.2m @ 3.08 g/t Au | ||||||||
268 | 269.8 | 1.8 | 0.78 | |||||||||
274.5 | 276.5 | 2 | 0.87 | |||||||||
283.7 | 284.8 | 1.1 | 1.23 | |||||||||
287.5 | 291.6 | 4.1 | 1.78 | |||||||||
INRD0097 | 682865 | 1587552 | 338 | 90 | -60 | 326.0 | 187.15 | 193 | 5.85 | 0.77 | ||
208.9 | 212 | 3.1 | 1.06 | |||||||||
INRD0098 | 682905 | 1587547 | 339 | 90 | -60 | 232.0 | 18 | 19 | 1 | 0.60 | ||
118 | 119 | 1 | 0.88 | |||||||||
134 | 137 | 3 | 2.37 | |||||||||
160.7 | 162.75 | 2.05 | 1.90 | |||||||||
165.3 | 167.6 | 2.3 | 3.56 | |||||||||
194.25 | 195.5 | 1.25 | 0.95 | |||||||||
217.5 | 218.5 | 1 | 0.61 | |||||||||
INRD0100 | 682885 | 1587401 | 339 | 90 | -60 | 100.0 | 29 | 30 | 1 | 2.36 | ||
INRD0101 | 682561 | 1585762 | 317 | 90 | -60 | 254.0 | 231 | 233.6 | 2.6 | 0.72 | ||
INRD0105 | 682550 | 1585700 | 316 | 90 | -60 | 215.0 | 90 | 91 | 1 | 0.51 | ||
142 | 145.9 | 3.9 | 1.92 | 1m @ 5.71 g/t Au | ||||||||
INRD0107 | 682550 | 1585651 | 316 | 90 | -60 | 217.2 | 58 | 59 | 1 | 0.57 | ||
67 | 68 | 1 | 0.86 | |||||||||
INRD0115 | 682338 | 1584651 | 318 | 90 | -60 | 133.0 | 49 | 50 | 1 | 0.83 | ||
58 | 63 | 5 | 0.89 | |||||||||
INRD0116 | 683251 | 1582817 | 317 | 360 | -60 | 197.0 | 18 | 19 | 1 | 0.80 | ||
122.4 | 123.6 | 1.2 | 1.06 | |||||||||
122.4 | 123.6 | 1.2 | 1.06 | |||||||||
137.3 | 145.1 | 7.8 | 1.08 | |||||||||
137.3 | 145.1 | 7.8 | 1.08 | 1m @ 2.11 g/t Au | ||||||||
149.5 | 150.5 | 1 | 0.61 | |||||||||
INRD0117 | 683154 | 1582837 | 319 | 0 | -60 | 210.1 | 136.2 | 149 | 12.8 | 1.92 | 5.13m @ 3.73 g/t Au | |
152.97 | 154.5 | 1.53 | 0.69 | |||||||||
INRD0119 | 683051 | 1582916 | 320 | 90 | -60 | 93.0 | 55 | 56 | 1 | 0.64 | ||
63 | 64 | 1 | 0.57 | |||||||||
75 | 93 | 18 | 2.39 | 6m @ 3.52 g/t Au & 5m @ 3.34 g/t Au | ||||||||
INRD0120 | 682953 | 1582926 | 321 | 358 | -60 | 153.0 | 49 | 94 | 45 | 3.26 | 13m @ 6.19 g/t Au, 4m @ 4.13 g/t Au, 9m @ 3.37 g/t Au & 1m @ 4.63 g/t Au | |
INRD0121 | 682781 | 1587116 | 328 | 90 | -60 | 270.0 | 0 | 1 | 1 | 0.84 | ||
12 | 14 | 2 | 1.05 | |||||||||
17 | 18 | 1 | 0.72 | |||||||||
66 | 69 | 3 | 1.03 | |||||||||
159 | 160 | 1 | 0.62 | |||||||||
INRD0122 | 682767 | 1587064 | 327 | 87 | -60 | 225.0 | 56 | 57 | 1 | 0.62 | ||
172 | 173 | 1 | 0.70 | |||||||||
179 | 180 | 1 | 0.86 | |||||||||
INRD0123 | 682725 | 1587000 | 327 | 90 | -60 | 216.0 | 17 | 22 | 5 | 2.01 | ||
62 | 64 | 2 | 1.92 | |||||||||
212 | 213 | 1 | 2.55 | |||||||||
INRD0127 | 682853 | 1582896 | 321 | 358 | -60 | 225.0 | 118.4 | 135.6 | 17.2 | 3.02 | 8m @ 4.36 g/t Au & 2.1m @ 4.37 g/t Au | |
INRD0131 | 682802 | 1587199 | 332 | 87 | -60 | 219.0 | 2 | 3 | 1 | 0.88 | ||
38 | 39 | 1 | 0.78 | |||||||||
INRD0132 | 682868 | 1587650 | 342 | 88 | -60 | 219.0 | 82 | 87 | 5 | 2.55 | 4m @ 3.02 g/t Au | |
122 | 124 | 2 | 4.72 | 1m @ 8.90 g/t Au | ||||||||
189 | 192 | 3 | 0.95 | |||||||||
200 | 201 | 1 | 2.33 | |||||||||
210 | 211 | 1 | 0.65 | |||||||||
INRD0133 | 682862 | 1587602 | 340 | 86 | -60 | 231.0 | 188 | 193 | 5 | 0.73 | ||
202 | 205 | 3 | 0.74 | |||||||||
214 | 219 | 5 | 0.89 | |||||||||
225 | 226 | 1 | 0.82 | |||||||||
INRD0137 | 682786 | 1586964 | 325 | 93 | -60 | 260 | 63 | 64 | 1 | 0.69 | ||
139 | 140 | 1 | 0.53 | |||||||||
146 | 153 | 7 | 0.62 | |||||||||
158 | 166 | 8 | 7.21 | |||||||||
199 | 201.5 | 2.5 | 1.6 | |||||||||
INRD0138 | 682966 | 1587350 | 339 | 90 | -60 | 252.0 | 62 | 66 | 4 | 2.43 | 2m @ 3.64 g/t Au | |
74 | 75 | 1 | 3.90 | |||||||||
109 | 110 | 1 | 0.74 | |||||||||
147 | 152 | 5 | 0.53 | |||||||||
164 | 172 | 8 | 1.27 | 1m @ 4.73 g/t Au | ||||||||
179 | 189 | 10 | 3.20 | 5m @ 5.65 g/t Au | ||||||||
INRD0139 | 682780 | 1588278 | 273 | 90 | -80 | 183.5 | 10 | 11 | 1 | 0.53 | ||
23 | 27 | 4 | 0.48 | |||||||||
34 | 35 | 1 | 0.50 | |||||||||
120 | 123 | 3 | 4.97 | |||||||||
INRD0140 | 682752 | 1588600 | 295 | 90 | -60 | 198.0 | 0 | 4 | 4 | 0.55 | ||
73 | 74 | 1 | 0.52 | |||||||||
78 | 85 | 7 | 1.45 | 2m @ 3.06 g/t Au | ||||||||
100 | 118 | 18 | 1.42 | 5m @ 2.44 g/t Au & 2m @ 2.96 g/t Au | ||||||||
140 | 144 | 4 | 1.41 | 1m @ 2.58 g/t Au | ||||||||
141 | 144 | 3 | 1.02 | |||||||||
INRD1612 | 682260 | 1583122 | 325 | 0 | -60 | 267.0 | 245.5 | 246.5 | 1 | 0.63 | ||
INRD1644 | 683005 | 1582902 | 321 | 0 | -60 | 180.0 | 98 | 99.2 | 1.2 | 1.54 | ||
107 | 124.7 | 17.7 | 2.92 | 6m @ 3.33 g/t Au & 8.2m @ 3.55 g/t Au | ||||||||
133 | 135 | 2 | 0.94 | |||||||||
INRD1649 | 683206 | 1582850 | 318 | 0 | -60 | 201.0 | 117 | 127 | 10 | 1.13 | 1m @ 3.72 g/t Au | |
INRD1726 | 681953 | 1583143 | 326 | 357 | -53 | 206.0 | 128 | 131 | 3 | 1.96 | 1m @ 3.88 g/t Au | |
134.7 | 135.7 | 1 | 0.88 | |||||||||
138.6 | 140 | 1.4 | 0.73 | |||||||||
INRD1727 | 682005 | 1583187 | 326 | 0 | -60 | 198.0 | 188 | 198 | 10 | 2.28 | ||
INRD1890 | 682753 | 1582983 | 322 | 359 | -60 | 100.0 | 18 | 23 | 5 | 0.96 | ||
45 | 46 | 1 | 0.59 | |||||||||
INRD1891 | 682653 | 1583006 | 323 | 0 | -60 | 104.0 | 23 | 27 | 4 | 2.57 | 2m @ 3.32 g/t Au | |
30 | 33 | 3 | 1.03 | 1m @ 2.07 g/t Au | ||||||||
42 | 43 | 1 | 0.61 | |||||||||
INRD1892 | 682553 | 1583027 | 323 | 0 | -60 | 111.0 | 42 | 43 | 1 | 0.61 | ||
73 | 74 | 1 | 0.52 | |||||||||
Notes: Individual gold assays have a top cut of 30 g/t Au and a lower cut of 0.5 g/t Au for intercept calculations
Maximum internal waste allowed is 2m and minimum mineralised interval is 1m
All holes are drilled from surface using conventional reverse circulation drilling techniques and triple tube wireline diamond drilling techniques drilled by Boart Longyear and West African Drilling Services
All samples have been prepared and analysed by SGS Laboratories in Ouagadougou, Burkina Faso and Intertek Testing Services in Tarkwa, Ghana
Gold has been analysed by fire assay using a 50 gram charge
All sample batches have passed Avocet's QAQC protocols
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