3rd Feb 2009 07:00
AVOCET ANNOUNCES 1 MILLION OUNCE RESOURCE
AT ITS DOUP PROJECT, INDONESIA
Avocet Mining PLC ("Avocet" or "the Company") reports the first JORC Code compliant Mineral Resource for its Doup project, located 25 kilometres northeast of the Company's producing gold mine at North Lanut in Indonesia. The Inferred Mineral Resource of 966,300 ounces of gold (579,800 ounces attributable to Avocet) is based on over 11km of diamond core and reverse circulation drilling.
The new Doup Mineral Resource increases Avocet's total Mineral Resources by 48% (by 32% on an attributable basis).
Doup is located in North Sulawesi in an area that is free of restricted forest status, which removes a major impediment to its development.
Avocet holds a beneficial 60% interest in the project with 25% held by local shareholders and 15% held by PT Lebong Tandai, Avocet's partner in North Lanut. The project was acquired in 2007 from Mathanha Mining ("Mathanha") as part of the Banda portfolio. As part of the purchase agreement, Mathanha will receive 500,000 shares in Avocet Mining PLC triggered by the reporting of JORC Code reported Mineral Resources in excess of 500,000 ounces of gold. A second tranche of 500,000 shares in Avocet Mining PLC will become payable should the Mineral Resource increase above 1,000,000 ounces gold.
Drilling results
The Inferred Mineral Resources are based on Avocet's first-pass, 50-metre spaced, infill drilling programme totalling 11,288 metres and comprising 5,840 metres diamond core drilling and 5,448 metres of reverse circulation drilling. Most drill holes intersected significant widths of medium-grade mineralisation consisting of sparse quartz veining cut by narrow high-grade quartz base metal sulphide veins, stockworks and breccias.
The initial JORC Code reported Mineral Resource, which includes both the Panang and Benteng prospects, totals 25 million tonnes averaging 1.2 g/t Au and containing 966,300 ounces of gold above a cut-off grade of 0.5 g/t Au. The Mineral Resource is classified as Inferred according to the definitions outlined in the JORC Code of 2004 (Australasian Joint Ore Reserves Committee). The total resource represents a preliminary estimate of the gold resource within two of the deposits in the area, as summarised in the table below. It should be noted that the grades listed are considered conservative and are likely to increase when the drill spacing is decreased.
|
Doup Inferred Resource |
Metric tonnes |
Grade (g/t Au) |
Gold ounces |
Attributable ounces(1) |
|
Benteng |
||||
|
Weathered |
1,980,000 |
1.4 |
86,300 |
51,800 |
|
Fresh |
9,610,000 |
1.3 |
403,100 |
241,900 |
|
Subtotal |
11,590,000 |
1.3 |
489,400 |
293,600 |
|
Panang |
||||
|
Weathered |
1,700,000 |
1.0 |
52,000 |
31,200 |
|
Fresh |
11,730,000 |
1.1 |
424,900 |
254,900 |
|
Subtotal |
13,430,000 |
1.1 |
476,900 |
286,100 |
|
Total |
||||
|
Weathered |
3,690,000 |
1.2 |
138,300 |
83,000 |
|
Fresh |
21,340,000 |
1.2 |
828,000 |
496,800 |
|
Total |
25,020,000 |
1.2 |
966,300 |
579,800 |
(1) The Company has a 60% beneficial interest in the Doup project
(2) The Mineral Resource was estimated by CSA Global within a grade constrained wireframe and is quoted based on blocks above a cut-off grade of 0.5 g/t gold. Differences may occur due to rounding errors
Tables 1 to 4 summarise the significant drill hole intercepts received from this programme. Drill hole locations are laid out in Figure 1 in the version of this announcement that can be found on the Company's website. The better intercepts that typify the nature of gold mineralisation at Benteng include 90m @ 3.68 g/t Au from 76 metres depth (including 7m @ 11.3 g/t Au and 8m @ 6.63 g/t Au), 121m @ 2.06 g/t Au from 51m (including 3m @ 8.88 g/t Au and 1m @ 30.0 g/t Au), 44m @ 3.05 g/t Au from 192m (including 3m 8.18 g/t Au and 5m @ 7.40 g/t Au) and 65m @ 1.82 g/t Au from 5m. Intercepts at Panang include 61.4m @ 3.12 g/t Au from 56.4m (including 4m @ 5.01 g/t Au and 2m @ 30.0 g/t Au), 64m @ 2.20 g/t Au from 36m (including 2m @ 30.0 g/t Au), 60m @ 2.20 g/t Au from 51m (including 5m @ 6.01 g/t Au and 1m @ 30.0 g/t Au) and 68m @ 1.55 g/t Au from 8m (including 2m @ 12.5 g/t Au). All assays are top cut to 30 g/t Au for reporting purposes.
One drill hole, DOP049, drilled down a mineralised structure outside of the resource and intersected (top cut to 30 g/t Au) 181m @ 15.1 g/t Au from 23 metres depth (including 39m @ 11.0 g/t Au, 92m @ 20.3 g/t Au and 30m @ 13.6 g/t Au). This hole has been excluded from the resource estimate because the width of the intercept is not well-defined and is likely to be narrow. However, it does highlight the potential to add resources with further drilling.
The Inferred Resources have been estimated by CSA Global, an independent minerals services consultancy based in Perth, Australia. CSA applied an ordinary kriging technique to drill samples composited to 2-metre intervals. The composites were top cut to grades approximating the 99th percentile of each domain's population, which ranges from 8 to 30 g/t Au in the large fresh rock domains and 10 g/t Au to uncut in the smaller weathered rock domains. Grade estimation has been constrained by wireframes generated by Avocet's geologists, which describe the distribution of large volumes of low-grade mineralisation (80% of the resource tonnes) and narrow high-grade zones. The latter have been modelled conservatively because of the difficulty in correlating high-grade mineralisation across the deposit at the present wide drill hole spacing. Consequently, there are portions of the model that are currently modelled as low grade (or are unmodelled) that will potentially become higher grade with further drilling on a closer spacing. CSA Global noted "the mineralisation is open at depth, and there is potential for further high grade shoots to be identified within and outside the resource."
A bulk density factor of 2.39 t/m3 was applied to fresh and weathered rock at Benteng. The densities of fresh, transitional and weathered rock at Panang are 2.25, 2.18 and 2.11 t/m3. The density of the weathered zone at Panang has been halved to reflect depletion of this part of the resource by artisanal miners over the past three decades.
Next steps
The Company will commence metallurgical test work on 2.8 tonnes of samples from Benteng and Panang shortly. This work will evaluate the most viable process for extracting gold and associated silver. This will, in turn, define the economic grade cut off for open pit optimisation studies and Reserve reporting, as well as the scale of capital required to develop the Doup project.
Infill drilling to 25-metre centres is scheduled to commence in July 2009 once the metallurgical investigation is complete with the aim of defining Measured, Indicated and Inferred Mineral Resources to JORC Code reporting standards designed to support Feasibility Studies in 2010. It will also evaluate several satellite prospects that are likely to add to the resource base.
Jonathan Henry, Chief Executive Officer, commented:
"Doup was one of a number of exploration projects acquired in 2007 with the potential to add significantly to the Group's resource base. The proving up of Doup's potential emphasizes Avocet's chosen strategy of acquiring assets at less than $10 per ounce in the ground and developing and building profitable gold mines in the region. We look forward to building on this success with further drilling in 2009 and the transition of the project to Feasibility in 2010."
_______________________________________________________________________________
For further information please contact:
|
Avocet Mining PLC |
Buchanan Communications Financial PR Consultants |
Ambrian Partners Limited NOMAD and Joint Broker |
JPMorgan Cazenove Lead Broker |
|
Jonathan Henry, Chief Executive Officer |
Bobby Morse |
Richard Brown |
Michael Wentworth-Stanley |
|
Mike Norris, Finance Director |
Ben Willey |
Richard Greenfield |
Sam Critchlow |
|
020 7907 9000 |
020 7466 5000 |
020 7634 4700 |
020 7588 2828 |
|
www.avocet.co.uk |
www.buchanan.uk.com |
www.ambrian.com |
www.jpmorgancazenove.com |
Competent Person Statement
The information in this press release that relates to in situ Mineral Resources is based on information compiled by David Williams of CSA Global. David Williams takes overall responsibility for this information. He is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person in terms of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code 2004 Edition). David Williams consents to the inclusion of such information in this press release in the form and context in which it appears.
All references to resources and exploration results have been reviewed and approved for release by Mr Peter Flindell, BSc (Hons) MAusIMM, Chief Geologist for Avocet, who has more than 20 years experience in the field of activity concerned and is a Competent Person as defined by the JORC Code (2004). He has consented to the inclusion of the technical information in this announcement in the form and context in which it appears.
Notes to Editors
Avocet is a mining company listed on the AIM market of the London Stock Exchange (Ticker: AVM). The Company's principal activities are gold mining and exploration in Malaysia (as 100 per cent owner of the Penjom mine, the country's largest gold producer), and Indonesia (as 80 per cent owner of the North Lanut gold mine and Bakan project in North Sulawesi). The Company has a number of other advanced mining and exploration projects in South East Asia.
Background to operations
The Penjom gold mine is Malaysia's largest gold producer and was developed by Avocet after applying modern technology to grass roots exploration in an area of historic mining. The mine was commissioned in December 1996 with reserves of 223,000 ounces. Successful resource development, particularly over the last five years, means Penjom has produced over one million ounces of gold to date and still has nearly one million ounces of resources. This resource is expected to grow further following a major drilling programme this year which includes deep drilling to help assess the potential for underground mining in the near future, where areas of high grade ore are known to exist. In November 2005, the Company announced a significant increase in Penjom's life of mine plan to over half a million ounces, which resulted in the design of a much larger pit to allow the additional ounces to be mined. Over the last year Penjom has expanded its mining and plant capacity accordingly. Avocet was able to overcome initial problems of highly carbonaceous ore at Penjom by developing unique processing systems including complex gravity circuits and resin-in-leach (RIL) technology. These processes have potential applications at other carbonaceous orebodies.
The North Lanut gold mine in North Sulawesi, Indonesia, was developed by Avocet from the exploration stage and has produced over 200,000 ounces since it was commissioned in 2004. Recent high grade exploration drilling results indicate the potential for increases in resources and mine life. In 2002 Avocet purchased its 80 per cent interest in PT Avocet Bolaang Mongondow (PT ABM), an Indonesian company holding a 6th generation Contract of Work (CoW), from Newmont Mining Corporation. The North Lanut gold mine is located within the CoW, which includes exploration and mining rights over approximately 50,000 hectares in an area highly prospective for gold. An Indonesian company, PT Lebong Tandai, owns the remaining 20 per cent.
Table 1 - Significant intercepts - Benteng diamond drilling
|
Hole |
East |
North |
RL |
Azimuth |
Dip |
Depth |
From |
To |
Interval |
Grade |
Comments |
|||
|
ID |
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(g/t Au) |
|
|||
|
DOD033 |
682,326.9 |
91,417.6 |
164.6 |
225.0 |
-55.0 |
206.0 |
0.0 |
15.0 |
15.0 |
2.53 |
||||
|
39.0 |
49.0 |
10.0 |
1.01 |
|||||||||||
|
96.0 |
98.0 |
2.0 |
2.28 |
|||||||||||
|
114.0 |
120.0 |
6.0 |
1.39 |
|||||||||||
|
138.5 |
151.0 |
12.5 |
7.36 |
incl 5.5m @ 14.4 g/t Au from 138.5m |
||||||||||
|
192.0 |
197.5 |
5.5 |
1.23 |
|||||||||||
|
DOD039 |
682,394.0 |
91,485.0 |
140.4 |
225.0 |
-55.0 |
274.7 |
76.0 |
166.0 |
90.0 |
3.68 |
incl 7m @ 11.3 g/t Au from 108m and 8m @ 6.63 g/t Au from 130m |
|||
|
176.0 |
185.0 |
9.0 |
0.50 |
|||||||||||
|
192.0 |
236.0 |
44.0 |
3.05 |
incl 3m @ 8.18 g/t Au from 206m and 5m @ 7.40 g/t Au from 227m |
||||||||||
|
DOD041 |
682,263.7 |
91,425.9 |
172.7 |
225.0 |
-55.0 |
183.5 |
128.6 |
145.1 |
16.5 |
5.84 |
incl 5m @ 12.3 g/t Au from 128.6m and 2.7m @ 9.98 g/t Au from 142.35m |
|||
|
DOD045 |
682,364.6 |
91,520.9 |
148.0 |
225.0 |
-55.0 |
361.2 |
31.9 |
35.8 |
3.9 |
0.94 |
||||
|
47.0 |
53.0 |
6.0 |
1.09 |
|||||||||||
|
57.0 |
63.0 |
6.0 |
1.03 |
|||||||||||
|
174.0 |
180.0 |
6.0 |
0.68 |
|||||||||||
|
186.0 |
225.0 |
39.0 |
2.83 |
|||||||||||
|
245.0 |
260.0 |
15.0 |
0.96 |
|||||||||||
|
343.0 |
345.0 |
2.0 |
2.37 |
|||||||||||
|
DOD046 |
682,210.5 |
91,444.1 |
190.6 |
225.0 |
-55.0 |
135.3 |
No significant assays |
|||||||
|
DOD050 |
682,219.7 |
91,373.4 |
203.5 |
225.0 |
-55.0 |
151.7 |
51.0 |
58.0 |
7.0 |
1.01 |
||||
|
125.0 |
132.0 |
7.0 |
6.12 |
incl 1.5m @ 17.2 g/t Au from 129m |
||||||||||
|
DOD052 |
682,167.2 |
91,469.7 |
188.2 |
225.0 |
-55.0 |
196.1 |
153.0 |
167.0 |
14.0 |
1.12 |
||||
|
DOD053 |
682,355.5 |
91,376.6 |
149.9 |
225.0 |
-55.0 |
174.2 |
78.0 |
94.0 |
16.0 |
1.31 |
||||
|
136.0 |
148.5 |
12.5 |
1.99 |
|||||||||||
|
DOD054 |
682,473.2 |
91,563.3 |
112.8 |
225.0 |
-55.0 |
300.0 |
68.3 |
76.3 |
8.0 |
0.83 |
||||
|
87.3 |
92.0 |
4.7 |
1.02 |
|||||||||||
|
99.0 |
103.0 |
4.0 |
0.93 |
|||||||||||
|
109.0 |
166.8 |
57.8 |
1.25 |
|||||||||||
|
182.8 |
194.0 |
11.2 |
1.08 |
|||||||||||
|
217.5 |
220.5 |
3.0 |
3.29 |
|||||||||||
|
260.5 |
266.5 |
6.0 |
0.79 |
|||||||||||
|
DOD055 |
682,098.3 |
91,336.3 |
259.9 |
45.0 |
-55.0 |
200.0 |
4.0 |
15.0 |
11.0 |
0.80 |
||||
|
86.0 |
88.0 |
2.0 |
2.56 |
|||||||||||
|
DOD056 |
682,509.0 |
91,538.4 |
109.7 |
225.0 |
-47.0 |
296.7 |
55.2 |
67.0 |
11.8 |
0.66 |
||||
|
80.0 |
81.0 |
1.0 |
4.29 |
|||||||||||
|
118.7 |
149.7 |
31.0 |
0.74 |
|||||||||||
|
201.7 |
207.7 |
6.0 |
1.12 |
|||||||||||
|
213.7 |
229.7 |
16.0 |
1.02 |
|||||||||||
|
236.7 |
237.7 |
1.0 |
3.95 |
|||||||||||
|
|
|
|
|
|
|
|
259.7 |
296.7 |
37.0 |
2.65 |
incl 5m @ 10.3 g/t Au from 290.7m |
|||
|
Note: |
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 |
||||||||||||||
|
Significant intercepts are those with a grade x thickness factor exceeding 3 g/t Au x m |
||||||||||||||
|
All holes are drilled from surface using conventional triple-tube diamond drilling techniques |
||||||||||||||
Table 2 - Significant intercepts - Benteng reverse circulation drilling
|
Hole |
East |
North |
RL |
Azimuth |
Dip |
Depth |
From |
To |
Interval |
Grade |
Comments |
|
ID |
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(g/t Au) |
|
|
DOP029 |
682,789.6 |
91,524.3 |
84.4 |
45.0 |
-60.0 |
270 |
32 |
37 |
5 |
0.99 |
|
|
116 |
118 |
2 |
3.08 |
||||||||
|
DOP031 |
682,503.5 |
91,309.2 |
126.8 |
45.0 |
-60.0 |
141 |
26 |
35 |
9 |
1.83 |
|
|
68 |
69 |
1 |
5.61 |
||||||||
|
137 |
139 |
2 |
1.80 |
||||||||
|
DOP032 |
682,435.6 |
91,387.2 |
137.8 |
45.0 |
-60.0 |
171 |
30 |
70 |
40 |
1.05 |
|
|
131 |
132 |
1 |
3.63 |
||||||||
|
DOP034 |
682,425.4 |
91,447.0 |
140.1 |
225.0 |
-55.0 |
32 |
No significant assays |
||||
|
DOP035 |
682,394.0 |
91,485.0 |
140.4 |
225.0 |
-55.0 |
70 |
No significant assays |
||||
|
DOP036 |
682,355.4 |
91,376.6 |
149.2 |
225.0 |
-55.0 |
70 |
No significant assays |
||||
|
DOP037 |
682,353.4 |
91,441.8 |
149.5 |
225.0 |
-55.0 |
175 |
5 |
70 |
65 |
1.82 |
|
|
85 |
90 |
5 |
0.96 |
||||||||
|
93 |
171 |
78 |
1.32 |
||||||||
|
DOP038 |
682,467.9 |
91,415.8 |
135.5 |
270.0 |
-55.0 |
207 |
25 |
44 |
19 |
0.66 |
|
|
51 |
172 |
121 |
2.06 |
incl 3m @ 8.88 g/t Au from 58m and 1m @ 30.0 g/t Au from 166m |
|||||||
|
DOP040 |
682,439.9 |
91,315.1 |
136.9 |
45.0 |
-55.0 |
213 |
45 |
47 |
2 |
2.22 |
|
|
85 |
93 |
8 |
0.75 |
||||||||
|
|
|
|
|
|
|
|
133 |
139 |
6 |
0.53 |
|
|
Note: |
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 |
|||||||||||
|
Significant intercepts are those with a grade x thickness factor exceeding 3 g/t Au x m |
|||||||||||
|
All holes are drilled from surface using conventional reverse circulation drilling techniques |
|||||||||||
Table 3 - Significant intercepts - Panang diamond drilling
|
Hole |
East |
North |
RL |
Azimuth |
Dip |
Depth |
From |
To |
Interval |
Grade |
Comments |
||||||
|
ID |
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(g/t Au) |
|
||||||
|
DOD003 |
682,889.1 |
91,326.3 |
84.2 |
45.0 |
-60.0 |
202.6 |
8.0 |
76.0 |
68.0 |
1.55 |
incl 2m @ 12.5 g/t Au from 52m |
||||||
|
79.0 |
84.0 |
5.0 |
1.87 |
||||||||||||||
|
87.0 |
90.0 |
3.0 |
1.58 |
||||||||||||||
|
132.0 |
138.0 |
6.0 |
0.96 |
||||||||||||||
|
142.0 |
145.0 |
3.0 |
1.42 |
||||||||||||||
|
148.0 |
150.0 |
2.0 |
2.88 |
||||||||||||||
|
172.0 |
186.0 |
14.0 |
0.92 |
||||||||||||||
|
190.0 |
196.0 |
6.0 |
2.38 |
||||||||||||||
|
DOD005 |
683,017.6 |
91,249.0 |
57.9 |
45.0 |
-60.0 |
235.9 |
56.4 |
117.8 |
61.4 |
3.12 |
incl 4m @ 5.01 g/t Au from 66.9m and 2m @ 30.0 g/t Au from 76.9m and 2m @ 14.1 g/t Au from 105.1m |
||||||
|
127.4 |
132.4 |
5.0 |
1.12 |
||||||||||||||
|
147.4 |
177.8 |
30.4 |
1.10 |
||||||||||||||
|
182.5 |
191.1 |
8.6 |
0.63 |
||||||||||||||
|
199.1 |
206.0 |
6.9 |
0.62 |
||||||||||||||
|
229.7 |
234.3 |
4.6 |
0.88 |
||||||||||||||
|
DOD008 |
682,888.3 |
91,326.6 |
84.3 |
15.0 |
-60.0 |
200.3 |
13.3 |
54.0 |
40.7 |
0.90 |
|||||||
|
57.8 |
64.0 |
6.2 |
5.29 |
incl 1.2m @ 18.8 g/t Au from 62.8m |
|||||||||||||
|
68.8 |
85.7 |
16.9 |
1.27 |
||||||||||||||
|
89.7 |
105.2 |
15.5 |
0.84 |
||||||||||||||
|
111.2 |
114.2 |
3.0 |
1.16 |
||||||||||||||
|
117.8 |
120.4 |
2.6 |
2.17 |
||||||||||||||
|
176.7 |
180.7 |
4.0 |
1.62 |
||||||||||||||
|
DOD010 |
682,961.5 |
91,266.9 |
61.1 |
45.0 |
-60.0 |
247.2 |
28.0 |
36.0 |
8.0 |
1.09 |
|||||||
|
39.0 |
48.0 |
9.0 |
5.25 |
incl 3m @ 13.1 g/t Au from 39m |
|||||||||||||
|
60.0 |
64.0 |
4.0 |
1.32 |
||||||||||||||
|
67.0 |
95.0 |
28.0 |
0.97 |
||||||||||||||
|
178.0 |
182.0 |
4.0 |
1.32 |
||||||||||||||
|
204.0 |
208.0 |
4.0 |
1.06 |
||||||||||||||
|
212.0 |
224.0 |
12.0 |
0.55 |
||||||||||||||
|
233.0 |
236.0 |
3.0 |
1.30 |
||||||||||||||
|
DOD014 |
682,914.5 |
91,365.3 |
71.4 |
45.0 |
-60.0 |
187.4 |
18.0 |
34.0 |
16.0 |
1.05 |
|||||||
|
39.0 |
51.0 |
12.0 |
0.70 |
||||||||||||||
|
54.0 |
56.0 |
2.0 |
6.28 |
||||||||||||||
|
64.0 |
75.0 |
11.0 |
2.84 |
||||||||||||||
|
117.0 |
119.0 |
2.0 |
1.72 |
||||||||||||||
|
153.0 |
154.8 |
1.8 |
2.11 |
||||||||||||||
|
DOD017 |
682,990.7 |
91,299.1 |
61.9 |
45.0 |
-60.0 |
219.3 |
29.5 |
34.0 |
4.5 |
0.71 |
|||||||
|
40.0 |
52.0 |
12.0 |
2.58 |
incl 1m @ 20.6 g/t Au from 46m |
|||||||||||||
|
59.0 |
67.0 |
8.0 |
0.79 |
||||||||||||||
|
69.5 |
75.0 |
5.5 |
0.71 |
||||||||||||||
|
87.0 |
91.0 |
4.0 |
0.97 |
||||||||||||||
|
139.5 |
147.2 |
7.7 |
1.16 |
||||||||||||||
|
150.0 |
157.0 |
7.0 |
1.60 |
||||||||||||||
|
173.5 |
179.0 |
5.5 |
0.72 |
||||||||||||||
|
DOD019 |
682,979.1 |
91,350.3 |
67.5 |
45.0 |
-60.0 |
201.5 |
48.0 |
50.0 |
2.0 |
5.97 |
|||||||
|
87.0 |
93.0 |
6.0 |
1.48 |
||||||||||||||
|
111.5 |
119.0 |
7.5 |
0.64 |
||||||||||||||
|
171.0 |
188.0 |
17.0 |
4.93 |
incl 4m @ 13.2 g/t Au from 174m and 2m @ 11.0 g/t Au from 186m |
|||||||||||||
|
198.0 |
200.5 |
2.5 |
6.84 |
||||||||||||||
|
DOD021 |
682,823.4 |
91,342.5 |
78.4 |
45.0 |
-60.0 |
189.1 |
0.0 |
13.0 |
13.0 |
0.89 |
|||||||
|
22.0 |
32.0 |
10.0 |
1.04 |
||||||||||||||
|
36.0 |
100.0 |
64.0 |
2.20 |
incl 2m @ 30 g/t Au from 42m |
|||||||||||||
|
123.5 |
126.0 |
2.5 |
19.9 |
incl 2.5m @ 19.9 g/t Au from 123.5m |
|||||||||||||
|
163.5 |
174.0 |
10.5 |
2.67 |
incl 2m @ 10.6 g/t Au from 172m |
|||||||||||||
|
177.0 |
189.1 |
12.1 |
3.48 |
incl 2m @ 10.7 g/t Au from 177m |
|||||||||||||
|
DOD022 |
682,792.7 |
91,406.0 |
84.5 |
45.0 |
-60.0 |
180.0 |
12.0 |
19.5 |
7.5 |
0.71 |
|||||||
|
64.0 |
82.7 |
18.7 |
3.93 |
incl 4m @ 11.1 g/t Au from 69m |
|||||||||||||
|
DOD024 |
682,848.2 |
91,300.8 |
77.4 |
45.0 |
-60.0 |
204.6 |
12.0 |
18.0 |
6.0 |
0.63 |
|||||||
|
21.0 |
42.0 |
21.0 |
1.54 |
||||||||||||||
|
46.5 |
62.0 |
15.5 |
1.61 |
||||||||||||||
|
82.0 |
87.0 |
5.0 |
0.74 |
||||||||||||||
|
95.5 |
101.0 |
5.5 |
0.89 |
||||||||||||||
|
115.0 |
119.0 |
4.0 |
2.85 |
||||||||||||||
|
123.0 |
133.0 |
10.0 |
4.32 |
incl 2m @ 15.7 g/t Au from 125m |
|||||||||||||
|
165.0 |
183.0 |
18.0 |
2.31 |
||||||||||||||
|
187.0 |
192.0 |
5.0 |
0.87 |
||||||||||||||
|
DOD027 |
682,768.1 |
91,360.5 |
88.5 |
45.0 |
-60.0 |
203.9 |
27.5 |
32.0 |
4.5 |
1.50 |
|||||||
|
93.5 |
95.5 |
2.0 |
10.3 |
||||||||||||||
|
109.1 |
117.1 |
8.0 |
2.10 |
||||||||||||||
|
146.9 |
148.9 |
2.0 |
7.25 |
||||||||||||||
|
DOD030 |
683,082.2 |
91,193.6 |
53.0 |
45.0 |
-60.0 |
278.2 |
155.0 |
165.0 |
10.0 |
1.15 |
|||||||
|
179.0 |
195.0 |
16.0 |
0.95 |
||||||||||||||
|
227.5 |
228.5 |
1.0 |
4.43 |
||||||||||||||
|
DOD057 |
682,789.6 |
91,524.3 |
84.4 |
45.0 |
-60.0 |
270.3 |
25.0 |
33.0 |
8.0 |
1.34 |
|||||||
|
56.0 |
61.0 |
5.0 |
0.71 |
||||||||||||||
|
DOD058 |
682,878.3 |
91,614.4 |
107.7 |
225.0 |
-55.0 |
213.9 |
No significant assays |
||||||||||
|
DOD059 |
682,816.6 |
91,491.5 |
81.4 |
45.0 |
-60.0 |
150.1 |
42.0 |
52.0 |
10.0 |
0.64 |
|||||||
|
DOD060 |
682,780.7 |
91,565.4 |
85.2 |
45.0 |
-60.0 |
162.3 |
147.0 |
150.0 |
3.0 |
2.76 |
|||||||
|
DOD061 |
682,790.0 |
91,554.0 |
86.1 |
135.0 |
-60.0 |
75.3 |
No significant assays |
||||||||||
|
DOD062 |
682,815.8 |
91,525.2 |
91.7 |
315.0 |
-60.0 |
75.1 |
47.0 |
48.0 |
1.0 |
6.37 |
|
||||||
|
Note: |
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 |
|||||||||||||||||
|
Significant intercepts are those with a grade x thickness factor exceeding 3 g/t Au x m |
|||||||||||||||||
|
All holes are drilled from surface using conventional triple-tube diamond drilling techniques |
|||||||||||||||||
Table 4 - Significant intercepts - Panang reverse circulation drilling
|
Hole |
East |
North |
RL |
Azimuth |
Dip |
Depth |
From |
To |
Interval |
Grade |
Comments |
||||||
|
ID |
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(g/t Au) |
|
||||||
|
DOP004 |
683,047.3 |
91,208.3 |
54.9 |
45.0 |
-60.0 |
163 |
9 |
10 |
1 |
7.26 |
|||||||
|
23 |
24 |
1 |
4.31 |
||||||||||||||
|
113 |
119 |
6 |
0.56 |
||||||||||||||
|
122 |
134 |
12 |
5.08 |
incl 3m @ 8.17 g/t Au from 123m and 1m @ 24.2 g/t Au from 129m |
|||||||||||||
|
143 |
146 |
3 |
1.68 |
||||||||||||||
|
149 |
163 |
14 |
0.93 |
||||||||||||||
|
DOP006 |
683,074.0 |
91,239.2 |
55.6 |
45.0 |
-60.0 |
183 |
46 |
47 |
1 |
5.31 |
|||||||
|
112 |
151 |
39 |
2.53 |
incl 5m @ 10.4 g/t Au from 113m |
|||||||||||||
|
160 |
167 |
7 |
2.35 |
||||||||||||||
|
DOP007 |
683,038.8 |
91,278.1 |
59.2 |
45.0 |
-60.0 |
201 |
52 |
111 |
59 |
1.21 |
|||||||
|
118 |
126 |
8 |
2.19 |
||||||||||||||
|
137 |
150 |
13 |
1.19 |
||||||||||||||
|
167 |
175 |
8 |
0.78 |
||||||||||||||
|
183 |
196 |
13 |
0.61 |
||||||||||||||
|
DOP009 |
683,062.6 |
91,299.0 |
59.6 |
45.0 |
-60.0 |
195 |
58 |
64 |
6 |
1.14 |
|||||||
|
73 |
81 |
8 |
0.85 |
||||||||||||||
|
116 |
117 |
1 |
6.69 |
||||||||||||||
|
137 |
146 |
9 |
1.36 |
||||||||||||||
|
168 |
173 |
5 |
0.85 |
||||||||||||||
|
DOP011 |
683,020.1 |
91,251.4 |
58.0 |
45.0 |
-60.0 |
211 |
40 |
48 |
8 |
1.46 |
|||||||
|
51 |
111 |
60 |
2.20 |
incl 5m @ 6.01 g/t Au from 60m and 1m @ 30.0 g/t Au from 72m |
|||||||||||||
|
121 |
159 |
38 |
1.30 |
||||||||||||||
|
170 |
183 |
13 |
2.02 |
||||||||||||||
|
190 |
207 |
17 |
0.68 |
||||||||||||||
|
DOP012 |
682,992.6 |
91,301.0 |
62.1 |
45.0 |
-60.0 |
210 |
38 |
49 |
11 |
2.17 |
|||||||
|
52 |
61 |
9 |
1.07 |
||||||||||||||
|
74 |
97 |
23 |
2.05 |
incl 1m @ 30.0 g/t Au from 75m |
|||||||||||||
|
118 |
127 |
9 |
0.80 |
||||||||||||||
|
135 |
139 |
4 |
3.01 |
||||||||||||||
|
142 |
147 |
5 |
5.50 |
incl 4m @ 6.71 g/t Au from 143m |
|||||||||||||
|
157 |
160 |
3 |
9.54 |
incl 1m @ 27.8 g/t Au from 159m |
|||||||||||||
|
179 |
185 |
6 |
0.76 |
||||||||||||||
|
195 |
197 |
2 |
5.61 |
||||||||||||||
|
DOP013 |
683,026.8 |
91,337.8 |
63.0 |
45.0 |
-60.0 |
189 |
32 |
36 |
4 |
0.78 |
|||||||
|
82 |
87 |
5 |
6.68 |
incl 1m @ 30.0 g/t Au from 82m |
|||||||||||||
|
180 |
186 |
6 |
0.83 |
||||||||||||||
|
DOP015 |
682,917.2 |
91,295.3 |
64.7 |
45.0 |
-60.0 |
213 |
23 |
42 |
19 |
2.33 |
|||||||
|
45 |
48 |
3 |
1.05 |
||||||||||||||
|
51 |
66 |
15 |
0.92 |
||||||||||||||
|
71 |
80 |
9 |
1.01 |
||||||||||||||
|
87 |
126 |
39 |
0.94 |
||||||||||||||
|
129 |
142 |
13 |
0.55 |
||||||||||||||
|
157 |
172 |
15 |
1.06 |
||||||||||||||
|
176 |
181 |
5 |
0.62 |
||||||||||||||
|
189 |
213 |
24 |
1.23 |
||||||||||||||
|
DOP016 |
682,848.7 |
91,442.6 |
79.0 |
45.0 |
-60.0 |
139 |
No significant assays |
||||||||||
|
DOP018 |
682,900.1 |
91,409.7 |
76.5 |
45.0 |
-60.0 |
175 |
48 |
75 |
27 |
0.93 |
|||||||
|
82 |
88 |
6 |
0.66 |
||||||||||||||
|
101 |
118 |
17 |
0.60 |
||||||||||||||
|
132 |
136 |
4 |
1.27 |
||||||||||||||
|
141 |
145 |
4 |
1.88 |
||||||||||||||
|
160 |
162 |
2 |
15.3 |
incl 1m @ 30.0 g/t Au from 161m |
|||||||||||||
|
DOP020 |
682,756.7 |
91,485.6 |
87.3 |
45.0 |
-60.0 |
201 |
No significant assays |
||||||||||
|
DOP023 |
682,771.7 |
91,281.0 |
110.2 |
45.0 |
-60.0 |
201 |
76 |
91 |
15 |
1.59 |
|||||||
|
96 |
102 |
6 |
0.51 |
||||||||||||||
|
113 |
118 |
5 |
0.73 |
||||||||||||||
|
139 |
146 |
7 |
0.75 |
||||||||||||||
|
149 |
192 |
43 |
0.72 |
||||||||||||||
|
DOP025 |
682,948.5 |
91,190.2 |
91.3 |
45.0 |
-60.0 |
70 |
62 |
69 |
7 |
1.05 |
|||||||
|
DOP026 |
682,811.0 |
91,261.1 |
106.1 |
45.0 |
-60.0 |
195 |
57 |
70 |
13 |
3.52 |
incl 1m @ 28.2 g/t Au from 60m |
||||||
|
79 |
83 |
4 |
1.06 |
||||||||||||||
|
87 |
91 |
4 |
0.77 |
||||||||||||||
|
105 |
171 |
66 |
1.36 |
||||||||||||||
|
175 |
189 |
14 |
0.94 |
||||||||||||||
|
192 |
195 |
3 |
2.09 |
||||||||||||||
|
DOP028 |
682,738.3 |
91,322.2 |
110.0 |
45.0 |
-60.0 |
207 |
78 |
84 |
6 |
0.92 |
|||||||
|
89 |
100 |
11 |
0.59 |
||||||||||||||
|
113 |
123 |
10 |
0.67 |
||||||||||||||
|
148 |
154 |
6 |
1.31 |
||||||||||||||
|
DOP042 |
682,928.1 |
91,229.4 |
90.0 |
45.0 |
-60.0 |
207 |
78 |
82 |
4 |
3.12 |
|||||||
|
86 |
94 |
8 |
0.83 |
||||||||||||||
|
111 |
139 |
28 |
0.82 |
||||||||||||||
|
142 |
153 |
11 |
2.74 |
||||||||||||||
|
158 |
163 |
5 |
0.75 |
||||||||||||||
|
178 |
186 |
8 |
0.61 |
||||||||||||||
|
193 |
198 |
5 |
0.73 |
||||||||||||||
|
DOP043 |
683,104.5 |
91,214.6 |
53.4 |
45.0 |
-60.0 |
170 |
159 |
170 |
11 |
3.17 |
incl 1m @ 23.8 g/t Au from 166m |
||||||
|
DOP044 |
683,109.2 |
91,273.5 |
55.0 |
45.0 |
-60.0 |
183 |
87 |
109 |
22 |
1.13 |
|||||||
|
113 |
115 |
2 |
2.03 |
||||||||||||||
|
168 |
171 |
3 |
1.13 |
||||||||||||||
|
DOP047 |
683,145.6 |
91,308.2 |
54.1 |
45.0 |
-60.0 |
198 |
75 |
82 |
7 |
0.71 |
|||||||
|
93 |
103 |
10 |
1.23 |
||||||||||||||
|
108 |
110 |
2 |
2.06 |
||||||||||||||
|
119 |
121 |
2 |
2.83 |
||||||||||||||
|
132 |
134 |
2 |
12.0 |
incl 1m @ 22.4 g/t Au from 132m |
|||||||||||||
|
146 |
148 |
2 |
1.80 |
||||||||||||||
|
DOP048 |
683,100.7 |
91,331.6 |
57.8 |
45.0 |
-60.0 |
204 |
No significant assays |
||||||||||
|
DOP049 |
682,790.3 |
91,523.4 |
84.6 |
45.0 |
-60.0 |
204 |
23 |
62 |
39 |
11.1 |
incl 22m @ 16.5 g/t Au from 24m and 6m @ 8.94 g/t Au from 56m |
||||||
|
65 |
157 |
92 |
20.4 |
incl 20m @ 14.5 g/t Au from 65m and 69m @ 22.9 g/t Au from 88m |
|||||||||||||
|
162 |
170 |
8 |
0.90 |
||||||||||||||
|
174 |
204 |
30 |
13.8 |
incl 15m @ 19.5 g/t Au from 175m and 11m @ 10.3 g/t Au from 193m |
|||||||||||||
|
DOP051 |
682,761.9 |
91,432.4 |
85.9 |
45.0 |
-60.0 |
183 |
47 |
64 |
17 |
2.11 |
|||||||
|
|
|
|
|
|
|
|
167 |
171 |
4 |
0.80 |
|
||||||
|
Note: |
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 |
|||||||||||||||||
|
Significant intercepts are those with a grade x thickness factor exceeding 3 g/t Au x m |
|||||||||||||||||
|
All holes are drilled from surface using conventional reverse circulation drilling techniques |
|||||||||||||||||
Please note: Figure 1 can be viewed on the company's website at http://www.avocet.co.uk/press_RNS.html
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