13th May 2008 06:57
AVOCET DRILLING INDICATES POTENTIAL FOR SIGNIFICANT RESOURCE INCREASE AT
NORTH LANUT MINE IN INDONESIA
Avocet Mining PLC ("Avocet" or "the Company") announces encouraging drill hole intersections from resource definition drilling at the Riska open pit at the Company's 80% owned North Lanut gold mine in North Sulawesi, Indonesia. The drilling to date represents 15,109 metres of a planned 21,200 metre programme. This has consisted of 173 reverse circulation (RC) and 9 diamond drill holes and is part of an ongoing effort to expand the reserves and mine life of the project and explore areas peripheral to and immediately below the currently designed open pit. Highlights include:
* The first phase of the drilling programme confirms significantly more mineralisation than previously modelled;
* Excellent drilling results on the periphery of the deposit, including oxide and transition ore, indicate potential for increased reserves and resources and an extended life of mine;
* Avocet targets an upgrade of the open pit resource by September 2008, following the completion of the remaining 6,100 metres of the current drilling programme.
Table 1 summarises the significant intercepts received to date from this resource definition drilling programme.
While several holes have intersected mineralisation both within and outside the current open pit design, the table lists all in pit intersections separately to show the effect of drilling on resource confirmation separately from resource expansion. Except where stated, a 20 g/t Au upper grade cut-off has been applied for reporting purposes and in order to be consistent with methodology used for the resource model. Drill hole locations are laid out in the figure that can be found in the version of this announcement on the Company's website.
Drill hole intercepts within the current open pit design confirm and upgrade the current model. These include: 83m @ 3.92 g/t Au (RSP352), 76m @ 3.65 g/t Au (RSP351) and 80.5m @ 2.81 g/t Au (NLD333).
The Company is particularly encouraged by the results of drilling on the periphery of the deposit, which represent lateral extensions to oxide and transition mineralisation currently being mined. Significant intercepts on the western flanks suggest potential for a highwall layback that would grow reserves and extend mine life, while intercepts on the northern, southern and south-eastern edges represent potential resource expansions that require minimal additional stripping. The majority of these intersections are from surface or shallow depth. From the RC drilling, the better intercepts on the western margin include: 81m @ 2.99 g/t Au (RSP 425), 72m @ 2.27 g/t Au (RSP 465), 55m @ 2.73 g/t Au (RSP 344), and 125m @ 1.19 g/t Au (RSP 341). The better intersections on the northern and south-eastern edges include 53m @ 2.94 g/t Au (RSP 397), 41m @ 3.36 g/t Au (RSP 355) and 23m @ 2.53 g/t Au (RSP 356). The better intersections on the southern margin include: 57m @ 2.56 g/t Au (RSP 472) and 64m @ 1.82 g/t Au (RSP 473).
The diamond drilling portion of the programme is evaluating the resource and reserve potential of high-grade sulphide mineralisation below the current designed open pit and providing samples for preliminary metallurgical test work to determine an appropriate gold extraction process and the economic viability of such a process. Initial results from this programme include: 87.50m @ 6.97 g/t Au (NLD 333) and 100m @ 5.74 g/t Au (NLD 334) from the base of the current pit design. The intercepts in NLD 333 and NLD 334 include high-grade zones of 42m @ 15.0 g/t Au (uncut) and 36m @ 18.5 g/t Au (uncut), respectively. They are also part of longer intersections through the current resource (NLD 333: 168m @ 4.98 g/t Au and NLD334: 162m @ 4.05 g/t Au).
The Company anticipates remodelling the open pit portion of the Riska resource in the next six months once the current resource definition drilling programme is complete. Avocet is currently planning a deep drilling programme to assess the resource and reserve potential of the deep sulphide resources up to 250 metres below the current designed open pit. This is a new project targeted to add considerably to the mine life of the North Lanut operation.
Commenting on the Riska drilling campaign, Jonathan Henry, Chief Executive Officer, said:
"The drilling results at the producing North Lanut mine indicate that our original resource model is conservative, with numerous high grade intercepts. Like Penjom, North Lanut confirms our strategy of developing larger deposits through ongoing exploration work in and around the current mining areas. The Company's intention is to replicate this strategy on a number of our exploration targets in Indonesia."
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
Mike Norris, Finance Director
020 7907 9000
www.avocet.co.uk
|
Bobby Morse
Robin Haddrill
020 7466 5000
www.buchanan.uk.com
|
Richard Brown
Richard Greenfield
020 7634 4700
www.ambrian.com
|
Michael Wentworth-Stanley
Sam Critchlow
020 7588 2828
www.jpmorgancazenove.com
|
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% owner of the Penjom mine, the country's largest gold producer), and Indonesia (as 80% 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.
All references to resources and exploration results have been 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 material in the form and context in which it appears.
Table 1: Significant drill hole intercepts at Riska, North Lanut, Indonesia
|
Hole
|
East
|
North
|
RL
|
Azimuth
|
Dip
|
Depth
|
From
|
To
|
Interval
|
Grade
|
Comments
|
|
|||
|
ID
|
(m)
|
(m)
|
(m)
|
(°)
|
(°)
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t Au)
|
|
|
|||
|
RC DRILLING
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
RSP 336
|
9949.8
|
9945.8
|
695.8
|
0
|
-90
|
125.0
|
106.0
|
116.0
|
10.0
|
0.48
|
|
|
|||
|
RSP 337
|
9952.9
|
9979.9
|
694.9
|
0
|
-90
|
125.0
|
0.0
|
5.0
|
5.0
|
1.43
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
5.0
|
32.0
|
27.0
|
0.93
|
|
|
|||
|
|
|
|
|
|
|
|
110.0
|
125.0
|
15.0
|
0.43
|
Hole terminated in mineralisation
|
|
|||
|
RSP 338
|
9965.1
|
10000.1
|
694.9
|
0
|
-90
|
125.0
|
0.0
|
10.0
|
10.0
|
3.02
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
19.0
|
57.0
|
38.0
|
1.92
|
|
|
|||
|
RSP 339
|
9978.9
|
10019.7
|
695.3
|
0
|
-90
|
125.0
|
9.0
|
59.0
|
50.0
|
1.21
|
|
|
|||
|
RSP 340
|
9998.4
|
10039.6
|
695.5
|
0
|
-90
|
125.0
|
31.0
|
46.0
|
15.0
|
0.63
|
|
|
|||
|
RSP 341
|
9960.5
|
9936.1
|
695.1
|
0
|
-90
|
125.0
|
0.0
|
125.0
|
125.0
|
1.19
|
Hole terminated in mineralisation
|
|
|||
|
RSP 342
|
10015.9
|
10017.0
|
690.1
|
0
|
-90
|
135.0
|
0.0
|
36.0
|
36.0
|
1.35
|
intercept inside pit
|
|
|||
|
RSP 343
|
10001.9
|
10011.1
|
690.4
|
0
|
-90
|
111.0
|
0.0
|
40.0
|
40.0
|
5.18
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
40.0
|
54.0
|
14.0
|
0.62
|
|
|
|||
|
RSP 344
|
9990.8
|
9999.1
|
690.4
|
0
|
-90
|
106.0
|
0.0
|
41.0
|
41.0
|
2.03
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
41.0
|
96.0
|
55.0
|
2.73
|
|
|
|||
|
RSP 345
|
9981.4
|
9986.0
|
690.0
|
0
|
-90
|
90.0
|
0.0
|
40.0
|
40.0
|
1.73
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
40.0
|
67.0
|
27.0
|
1.83
|
|
|
|||
|
|
|
|
|
|
|
|
83.0
|
90.0
|
7.0
|
0.73
|
Hole terminated in mineralisation
|
|
|||
|
RSP 346
|
9981.6
|
9968.6
|
689.9
|
0
|
-90
|
88.0
|
0.0
|
30.0
|
30.0
|
3.75
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
60.0
|
88.0
|
28.0
|
1.56
|
Hole terminated in mineralisation
|
|
|||
|
RSP 347
|
9983.4
|
9952.4
|
690.0
|
0
|
-90
|
125.0
|
0.0
|
35.0
|
35.0
|
2.39
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
67.0
|
100.0
|
33.0
|
1.55
|
|
|
|||
|
|
|
|
|
|
|
|
104.0
|
125.0
|
21.0
|
0.80
|
Hole terminated in mineralisation
|
|
|||
|
RSP 350
|
10074.0
|
10183.6
|
700.9
|
0
|
-90
|
66.0
|
12.0
|
17.0
|
5.0
|
0.74
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
36.0
|
61.0
|
25.0
|
0.83
|
|
|
|||
|
RSP 351
|
10005.6
|
9967.3
|
685.7
|
0
|
-90
|
90.0
|
0.0
|
76.0
|
76.0
|
3.65
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
76.0
|
90.0
|
14.0
|
1.77
|
Hole terminated in mineralisation
|
|
|||
|
RSP 352
|
10048.9
|
9972.2
|
684.8
|
0
|
-90
|
83.0
|
0.0
|
83.0
|
83.0
|
3.92
|
intercept inside pit
|
|
|||
|
RSP 353
|
10116.2
|
9872.1
|
685.2
|
225
|
-65
|
40.0
|
8.0
|
21.0
|
13.0
|
1.05
|
|
|
|||
|
RSP 354
|
10116.6
|
9898.9
|
688.3
|
225
|
-65
|
60.0
|
37.0
|
51.0
|
14.0
|
0.83
|
|
|
|||
|
RSP 355
|
10145.2
|
9864.6
|
685.3
|
225
|
-65
|
41.0
|
0.0
|
41.0
|
41.0
|
3.36
|
Hole terminated in mineralisation
|
|
|||
|
RSP 356
|
10158.4
|
9870.7
|
685.2
|
225
|
-65
|
60.0
|
21.0
|
44.0
|
23.0
|
2.53
|
|
|
|||
|
|
|
|
|
|
|
|
56.0
|
60.0
|
4.0
|
0.88
|
Hole terminated in mineralisation
|
|
|||
|
RSP 357
|
10183.6
|
9836.6
|
662.8
|
225
|
-65
|
45.0
|
0.0
|
4.0
|
4.0
|
2.61
|
|
|
|||
|
|
|
|
|
|
|
|
30.0
|
39.0
|
9.0
|
0.58
|
|
|
|||
|
RSP 358
|
10191.6
|
9843.8
|
663.1
|
45
|
-65
|
70.0
|
6.0
|
11.0
|
5.0
|
0.80
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
21.0
|
48.0
|
27.0
|
1.20
|
|
|
|||
|
RSP 374
|
9809.2
|
10157.4
|
792.8
|
225
|
-60
|
50.0
|
34.0
|
48.0
|
14.0
|
0.74
|
|
|
|||
|
RSP 375
|
9835.5
|
10152.3
|
791.7
|
225
|
-60
|
50.0
|
23.0
|
36.0
|
13.0
|
0.55
|
|
|
|||
|
RSP 376
|
9846.8
|
10131.2
|
791.5
|
225
|
-60
|
50.0
|
0.0
|
13.0
|
13.0
|
1.07
|
|
|
|||
|
|
|
|
|
|
|
|
17.0
|
33.0
|
16.0
|
1.24
|
|
|
|||
|
|
|
|
|
|
|
|
40.0
|
50.0
|
10.0
|
1.10
|
Hole terminated in mineralisation
|
|
|||
|
RSP 377
|
9847.2
|
10133.7
|
791.7
|
175
|
-60
|
70.0
|
0.0
|
28.0
|
28.0
|
1.06
|
|
|
|||
|
RSP 378
|
9838.2
|
10118.4
|
791.9
|
225
|
-60
|
50.0
|
0.0
|
10.0
|
10.0
|
0.55
|
|
|
|||
|
RSP 379
|
9827.4
|
10145.1
|
792.3
|
225
|
-60
|
91.0
|
17.0
|
29.0
|
12.0
|
1.07
|
|
|
|||
|
|
|
|
|
|
|
|
54.0
|
88.0
|
34.0
|
2.45
|
|
|
|||
|
RSP 380
|
9807.2
|
10159.3
|
792.9
|
45
|
-60
|
50.0
|
17.0
|
29.0
|
12.0
|
0.69
|
|
|
|||
|
RSP 381
|
9857.0
|
10142.0
|
790.9
|
225
|
-50
|
50.0
|
17.0
|
49.0
|
32.0
|
1.25
|
|
|
|||
|
RSP 382
|
9864.3
|
10155.7
|
790.6
|
225
|
-50
|
55.0
|
26.0
|
31.0
|
5.0
|
0.38
|
|
|
|||
|
|
|
|
|
|
|
|
50.0
|
53.0
|
3.0
|
0.91
|
|
|
|||
|
RSP 383
|
10113.6
|
9850.4
|
685.1
|
45
|
-60
|
76.0
|
7.0
|
12.0
|
5.0
|
0.97
|
|
|
|||
|
|
|
|
|
|
|
|
29.0
|
39.0
|
10.0
|
0.61
|
|
|
|||
|
|
|
|
|
|
|
|
49.0
|
71.0
|
22.0
|
0.86
|
|
|
|||
|
RSP 384
|
10128.6
|
9881.2
|
687.2
|
225
|
-60
|
55.0
|
0.0
|
13.0
|
13.0
|
0.89
|
|
|
|||
|
|
|
|
|
|
|
|
17.0
|
36.0
|
19.0
|
0.85
|
|
|
|||
|
RSP 385
|
9966.3
|
10001.7
|
690.4
|
0
|
-90
|
87.0
|
0.0
|
62.0
|
62.0
|
1.80
|
|
|
|||
|
RSP 386
|
10134.4
|
9822.6
|
676.8
|
45
|
-60
|
64.0
|
13.0
|
18.0
|
5.0
|
0.94
|
|
|
|||
|
|
|
|
|
|
|
|
45.0
|
59.0
|
14.0
|
2.97
|
|
|
|||
|
RSP 387
|
10148.0
|
9836.2
|
675.9
|
225
|
-60
|
60.0
|
0.0
|
10.0
|
10.0
|
1.99
|
|
|
|||
|
|
|
|
|
|
|
|
39.0
|
54.0
|
15.0
|
0.77
|
|
|
|||
|
RSP 388
|
10223.8
|
9855.7
|
660.5
|
225
|
-60
|
50.0
|
0.0
|
8.0
|
8.0
|
0.41
|
|
|
|||
|
RSP 390
|
10178.1
|
9827.8
|
663.1
|
45
|
-60
|
42.0
|
26.0
|
38.0
|
12.0
|
0.86
|
|
|
|||
|
RSP 393
|
10005.9
|
9898.5
|
690.4
|
0
|
-90
|
50.0
|
23.0
|
30.0
|
7.0
|
0.57
|
|
|
|||
|
RSP 395
|
10156.1
|
10128.9
|
691.4
|
260
|
-70
|
47.0
|
12.0
|
24.0
|
12.0
|
0.58
|
|
|
|||
|
RSP 396
|
10075.5
|
10160.5
|
695.1
|
45
|
-60
|
63.0
|
25.0
|
63.0
|
38.0
|
1.45
|
Hole terminated in mineralisation
|
|
|||
|
RSP 397
|
10095.6
|
10185.3
|
695.3
|
0
|
-90
|
82.0
|
16.0
|
69.0
|
53.0
|
2.94
|
|
|
|||
|
RSP 398
|
10145.7
|
10059.5
|
690.0
|
45
|
-60
|
65.0
|
0.0
|
20.0
|
20.0
|
0.35
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
51.0
|
64.0
|
13.0
|
0.71
|
|
|
|||
|
RSP 399
|
10151.8
|
10150.7
|
694.0
|
260
|
-70
|
64.0
|
15.0
|
32.0
|
17.0
|
0.43
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
44.0
|
59.0
|
15.0
|
0.33
|
|
|
|||
|
RSP 403
|
9954.5
|
9914.6
|
700.5
|
45
|
-60
|
80.0
|
32.0
|
80.0
|
48.0
|
1.74
|
Hole terminated in mineralisation
|
|
|||
|
RSP 404
|
9948.7
|
9916.1
|
700.3
|
330
|
-60
|
63.0
|
4.0
|
17.0
|
13.0
|
0.79
|
|
|
|||
|
|
|
|
|
|
|
|
22.0
|
27.0
|
5.0
|
0.60
|
|
|
|||
|
RSP 405
|
10194.8
|
9971.2
|
698.6
|
45
|
-60
|
65.0
|
4.0
|
22.0
|
18.0
|
1.37
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
40.0
|
59.0
|
19.0
|
0.49
|
|
|
|||
|
RSP 406
|
10172.5
|
10009.0
|
692.3
|
45
|
-60
|
69.0
|
29.0
|
35.0
|
6.0
|
0.44
|
|
|
|||
|
|
|
|
|
|
|
|
52.0
|
60.0
|
8.0
|
0.38
|
|
|
|||
|
RSP 407
|
10216.7
|
10019.7
|
693.0
|
225
|
-60
|
81.0
|
29.0
|
66.0
|
37.0
|
0.72
|
|
|
|||
|
|
|
|
|
|
|
|
72.0
|
81.0
|
9.0
|
0.48
|
Hole terminated in mineralisation
|
|
|||
|
RSP 408
|
10199.0
|
10074.7
|
690.1
|
225
|
-60
|
75.0
|
43.0
|
63.0
|
20.0
|
0.69
|
|
|
|||
|
RSP 409
|
10222.2
|
9928.3
|
680.5
|
45
|
-60
|
56.0
|
3.0
|
14.0
|
11.0
|
0.58
|
|
|
|||
|
|
|
|
|
|
|
|
20.0
|
37.0
|
17.0
|
0.59
|
|
|
|||
|
RSP 411
|
10192.9
|
9935.8
|
687.9
|
45
|
-60
|
60.0
|
41.0
|
53.0
|
12.0
|
0.44
|
|
|
|||
|
RSP 412
|
10241.7
|
9968.3
|
679.8
|
225
|
-60
|
60.0
|
0.0
|
16.0
|
16.0
|
0.46
|
|
|
|||
|
|
|
|
|
|
|
|
24.0
|
40.0
|
16.0
|
0.64
|
|
|
|||
|
RSP 414
|
10102.3
|
10219.3
|
717.4
|
270
|
-70
|
120.0
|
65.0
|
69.0
|
4.0
|
0.64
|
|
|
|||
|
RSP 416
|
10119.2
|
10223.0
|
715.3
|
270
|
-70
|
120.0
|
89.0
|
96.0
|
7.0
|
0.47
|
|
|
|||
|
RSP 418
|
10090.1
|
10182.2
|
695.4
|
0
|
-70
|
100.0
|
20.0
|
40.0
|
20.0
|
1.36
|
|
|
|||
|
|
|
|
|
|
|
|
49.0
|
73.0
|
24.0
|
0.83
|
|
|
|||
|
RSP 419
|
10102.6
|
10182.4
|
695.2
|
0
|
-70
|
100.0
|
0.0
|
8.0
|
8.0
|
1.31
|
|
|
|||
|
RSP 421
|
9952.0
|
9911.9
|
700.5
|
360
|
-60
|
66.0
|
17.0
|
47.0
|
30.0
|
1.78
|
|
|
|||
|
RSP 424
|
9967.8
|
9899.7
|
697.8
|
0
|
-60
|
120.0
|
50.0
|
77.0
|
27.0
|
1.98
|
|
|
|||
|
|
|
|
|
|
|
|
87.0
|
95.0
|
8.0
|
1.65
|
|
|
|||
|
|
|
|
|
|
|
|
110.0
|
120.0
|
10.0
|
0.72
|
Hole terminated in mineralisation
|
|
|||
|
RSP 425
|
9839.9
|
10159.9
|
791.3
|
225
|
-65
|
150.0
|
20.0
|
23.0
|
3.0
|
0.48
|
|
|
|||
|
|
|
|
|
|
|
|
31.0
|
38.0
|
7.0
|
0.50
|
|
|
|||
|
|
|
|
|
|
|
|
64.0
|
145.0
|
81.0
|
2.99
|
|
|
|||
|
RSP 426
|
9859.5
|
10179.7
|
787.5
|
0
|
-90
|
100.0
|
26.0
|
37.0
|
11.0
|
1.17
|
|
|
|||
|
RSP 427
|
9846.4
|
10130.6
|
791.6
|
145
|
-60
|
113.0
|
0.0
|
15.0
|
15.0
|
0.78
|
|
|
|||
|
|
|
|
|
|
|
|
19.0
|
34.0
|
15.0
|
2.73
|
|
|
|||
|
|
|
|
|
|
|
|
89.0
|
98.0
|
9.0
|
0.78
|
|
|
|||
|
RSP 428
|
9771.1
|
10109.8
|
817.0
|
70
|
-65
|
130.0
|
68.0
|
104.0
|
36.0
|
1.27
|
|
|
|||
|
RSP 432
|
9816.2
|
10134.2
|
792.5
|
225
|
-60
|
95.0
|
5.0
|
47.0
|
42.0
|
1.41
|
|
|
|||
|
RSP 433
|
9798.6
|
10148.5
|
792.6
|
225
|
-60
|
62.0
|
9.0
|
16.0
|
7.0
|
0.44
|
|
|
|||
|
RSP 434
|
9810.6
|
10162.2
|
792.7
|
225
|
-70
|
70.0
|
17.0
|
21.0
|
4.0
|
0.71
|
|
|
|||
|
|
|
|
|
|
|
|
30.0
|
35.0
|
5.0
|
0.49
|
|
|
|||
|
RSP 435
|
10048.2
|
10204.7
|
724.1
|
180
|
-60
|
79.0
|
3.0
|
35.0
|
32.0
|
0.59
|
|
|
|||
|
RSP 436
|
10014.8
|
10207.1
|
734.4
|
180
|
-60
|
74.0
|
15.0
|
21.0
|
6.0
|
1.04
|
|
|
|||
|
|
|
|
|
|
|
|
26.0
|
33.0
|
7.0
|
1.06
|
|
|
|||
|
RSP 437
|
9971.5
|
10209.5
|
745.9
|
180
|
-60
|
70.0
|
15.0
|
29.0
|
14.0
|
1.41
|
|
|
|||
|
RSP 439
|
9879.7
|
10228.9
|
767.4
|
180
|
-60
|
90.0
|
46.0
|
53.0
|
7.0
|
0.40
|
|
|
|||
|
|
|
|
|
|
|
|
60.0
|
67.0
|
7.0
|
0.90
|
|
|
|||
|
RSP 440
|
9978.5
|
9928.5
|
685.5
|
180
|
-60
|
75.0
|
0.0
|
6.0
|
6.0
|
3.03
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
6.0
|
39.0
|
33.0
|
1.61
|
|
|
|||
|
|
|
|
|
|
|
|
46.0
|
49.0
|
3.0
|
0.77
|
|
|
|||
|
RSP 441
|
9977.7
|
9959.0
|
685.3
|
180
|
-70
|
81.0
|
0.0
|
33.0
|
33.0
|
2.41
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
55.0
|
81.0
|
26.0
|
2.10
|
Hole terminated in mineralisation
|
|
|||
|
RSP 442
|
10017.9
|
10026.9
|
685.6
|
0
|
-60
|
81.0
|
0.0
|
5.0
|
5.0
|
0.92
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
27.0
|
34.0
|
7.0
|
0.32
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
60.0
|
78.0
|
18.0
|
0.70
|
|
|
|||
|
RSP 443
|
9998.1
|
9995.4
|
684.8
|
0
|
-70
|
110.0
|
0.0
|
43.0
|
43.0
|
1.26
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
43.0
|
62.0
|
19.0
|
0.90
|
|
|
|||
|
RSP 444
|
10037.6
|
10048.3
|
685.1
|
0
|
-60
|
81.0
|
0.0
|
12.0
|
12.0
|
0.39
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
45.0
|
72.0
|
27.0
|
0.79
|
|
|
|||
|
RSP 445
|
10057.9
|
10069.6
|
690.2
|
0
|
-70
|
100.0
|
0.0
|
20.0
|
20.0
|
0.43
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
24.0
|
35.0
|
11.0
|
0.82
|
|
|
|||
|
|
|
|
|
|
|
|
58.0
|
67.0
|
9.0
|
0.41
|
|
|
|||
|
RSP 446
|
10038.1
|
10016.3
|
685.0
|
0
|
-70
|
110.0
|
0.0
|
58.0
|
58.0
|
1.10
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
58.0
|
85.0
|
27.0
|
0.71
|
|
|
|||
|
RSP 447
|
10038.0
|
9966.2
|
682.1
|
180
|
-75
|
125.0
|
0.0
|
64.0
|
64.0
|
1.65
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
64.0
|
88.0
|
24.0
|
1.85
|
|
|
|||
|
RSP 448
|
10057.9
|
10031.0
|
684.4
|
0
|
-60
|
105.0
|
1.0
|
23.0
|
22.0
|
0.90
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
38.0
|
45.0
|
7.0
|
0.45
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
57.0
|
76.0
|
19.0
|
0.49
|
|
|
|||
|
RSP 449
|
10077.9
|
10058.9
|
685.0
|
0
|
-60
|
93.0
|
0.0
|
3.0
|
3.0
|
0.92
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
7.0
|
23.0
|
16.0
|
0.59
|
|
|
|||
|
|
|
|
|
|
|
|
27.0
|
71.0
|
44.0
|
1.11
|
|
|
|||
|
RSP 450
|
10117.9
|
9974.0
|
684.9
|
0
|
-60
|
111.0
|
0.0
|
81.0
|
81.0
|
1.35
|
intercept inside pit
|
|
|||
|
RSP 451
|
10116.3
|
10060.5
|
690.2
|
0
|
-60
|
38.0
|
15.0
|
29.0
|
14.0
|
0.69
|
intercept inside pit
|
|
|||
|
RSP 452
|
10116.4
|
10060.4
|
689.8
|
0
|
-60
|
99.0
|
16.0
|
25.0
|
9.0
|
0.44
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
25.0
|
79.0
|
54.0
|
0.64
|
|
|
|||
|
RSP 453
|
10098.0
|
10091.0
|
690.3
|
180
|
-60
|
150.0
|
10.0
|
23.0
|
13.0
|
0.62
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
23.0
|
78.0
|
55.0
|
0.92
|
|
|
|||
|
RSP 454
|
10178.0
|
9963.2
|
689.4
|
0
|
-60
|
100.0
|
0.0
|
48.0
|
48.0
|
0.92
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
61.0
|
70.0
|
9.0
|
1.65
|
|
|
|||
|
|
|
|
|
|
|
|
74.0
|
92.0
|
18.0
|
0.48
|
|
|
|||
|
RSP 455
|
10180.7
|
9986.8
|
689.7
|
0
|
-60
|
75.0
|
21.0
|
36.0
|
15.0
|
0.84
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
36.0
|
63.0
|
27.0
|
0.65
|
|
|
|||
|
RSP 456
|
10137.9
|
10077.2
|
689.5
|
0
|
-60
|
96.0
|
10.0
|
21.0
|
11.0
|
0.41
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
65.0
|
87.0
|
22.0
|
0.82
|
|
|
|||
|
RSP 457
|
10139.1
|
10150.7
|
694.8
|
180
|
-65
|
105.0
|
16.0
|
21.0
|
5.0
|
2.87
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
70.0
|
86.0
|
16.0
|
0.68
|
|
|
|||
|
RSP 458
|
10117.9
|
10141.4
|
691.7
|
180
|
-60
|
100.0
|
10.0
|
36.0
|
26.0
|
1.19
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
36.0
|
80.0
|
44.0
|
1.00
|
|
|
|||
|
RSP 459
|
10118.1
|
10147.1
|
689.9
|
0
|
-90
|
75.0
|
44.0
|
57.0
|
13.0
|
0.52
|
|
|
|||
|
RSP 460
|
10077.9
|
10134.7
|
690.0
|
180
|
-60
|
110.0
|
3.0
|
25.0
|
22.0
|
0.67
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
25.0
|
45.0
|
20.0
|
0.59
|
|
|
|||
|
|
|
|
|
|
|
|
49.0
|
78.0
|
29.0
|
0.71
|
|
|
|||
|
RSP 461
|
10078.3
|
10153.8
|
690.4
|
180
|
-70
|
111.0
|
18.0
|
24.0
|
6.0
|
0.63
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
24.0
|
64.0
|
40.0
|
1.06
|
|
|
|||
|
RSP 462
|
10157.9
|
10121.3
|
690.2
|
180
|
-75
|
93.0
|
57.0
|
65.0
|
8.0
|
0.52
|
|
|
|||
|
RSP 463
|
9962.4
|
9989.3
|
685.3
|
270
|
-55
|
120.0
|
0.0
|
31.0
|
31.0
|
0.93
|
|
|
|||
|
RSP 464
|
9972.2
|
10004.4
|
684.9
|
270
|
-60
|
123.0
|
0.0
|
50.0
|
50.0
|
1.81
|
|
|
|||
|
RSP 465
|
9981.8
|
10017.3
|
684.7
|
270
|
-60
|
125.0
|
0.0
|
72.0
|
72.0
|
2.27
|
|
|
|||
|
RSP 466
|
10098.0
|
10000.8
|
684.5
|
0
|
-60
|
125.0
|
2.0
|
54.0
|
52.0
|
1.39
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
59.0
|
76.0
|
17.0
|
0.49
|
intercept inside pit
|
|
|||
|
RSP 467
|
10078.0
|
9989.5
|
684.5
|
180
|
-60
|
101.0
|
0.0
|
85.0
|
85.0
|
3.79
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
85.0
|
100.0
|
15.0
|
1.06
|
|
|
|||
|
RSP 468
|
10097.8
|
10000.6
|
684.4
|
180
|
-65
|
117.0
|
0.0
|
80.0
|
80.0
|
1.71
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
80.0
|
104.0
|
24.0
|
2.22
|
|
|
|||
|
RSP 469
|
10078.1
|
10019.1
|
684.3
|
0
|
-60
|
100.0
|
0.0
|
36.0
|
36.0
|
1.64
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
66.0
|
74.0
|
8.0
|
0.62
|
|
|
|||
|
RSP 470
|
10097.7
|
9926.7
|
680.2
|
180
|
-60
|
90.0
|
40.0
|
65.0
|
25.0
|
0.64
|
|
|
|||
|
RSP 471
|
10078.1
|
9931.3
|
679.9
|
180
|
-60
|
95.0
|
0.0
|
35.0
|
35.0
|
0.72
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
35.0
|
75.0
|
40.0
|
0.95
|
|
|
|||
|
RSP 472
|
10057.7
|
9945.0
|
679.6
|
180
|
-60
|
115.0
|
0.0
|
34.0
|
34.0
|
0.91
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
34.0
|
91.0
|
57.0
|
2.56
|
|
|
|||
|
RSP 473
|
10037.8
|
9940.3
|
679.5
|
180
|
-60
|
129.0
|
0.0
|
25.0
|
25.0
|
0.67
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
25.0
|
89.0
|
64.0
|
1.82
|
|
|
|||
|
|
|
|
|
|
|
|
108.00
|
112.00
|
4.00
|
0.55
|
|
|
|||
|
RSP 474
|
10017.9
|
9921.1
|
679.9
|
180
|
-60
|
99.0
|
0.00
|
29.00
|
29.00
|
0.68
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
59.00
|
80.00
|
21.00
|
0.50
|
|
|
|||
|
RSP 475
|
10058.0
|
9913.9
|
679.8
|
180
|
-60
|
97.0
|
0.00
|
22.00
|
22.00
|
2.43
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
22.00
|
40.00
|
18.00
|
1.12
|
|
|
|||
|
|
|
|
|
|
|
|
44.00
|
71.00
|
27.00
|
0.44
|
|
|
|||
|
|
|
|
|
|
|
|
75.00
|
85.00
|
10.00
|
0.34
|
|
|
|||
|
RSP 476
|
10117.9
|
10030.7
|
685.1
|
180
|
-60
|
130.0
|
0.00
|
78.00
|
78.00
|
4.30
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
78.00
|
110.00
|
32.00
|
3.99
|
|
|
|||
|
|
|
|
|
|
|
|
124.00
|
130.00
|
6.00
|
0.71
|
Hole terminated in mineralisation
|
|
|||
|
RSP 477
|
10137.7
|
9940.2
|
684.9
|
0
|
-60
|
135.0
|
0.00
|
10.00
|
10.00
|
0.81
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
46.00
|
93.00
|
47.00
|
4.71
|
|
|
|||
|
RSP 478
|
10157.5
|
9902.9
|
684.5
|
180
|
-60
|
120.0
|
23.00
|
72.00
|
49.00
|
0.89
|
|
|
|||
|
RSP 480
|
10157.9
|
9940.8
|
684.7
|
0
|
-60
|
129.0
|
31.00
|
37.00
|
6.00
|
0.82
|
|
|
|||
|
|
|
|
|
|
|
|
43.00
|
65.00
|
22.00
|
1.12
|
|
|
|||
|
RSP 481
|
10195.2
|
9897.1
|
682.2
|
180
|
-60
|
105.0
|
0.00
|
4.00
|
4.00
|
0.31
|
|
|
|||
|
|
|
|
|
|
|
|
8.00
|
25.00
|
17.00
|
0.60
|
|
|
|||
|
|
|
|
|
|
|
|
30.00
|
70.00
|
40.00
|
2.27
|
|
|
|||
|
|
|
|
|
|
|
|
78.00
|
90.00
|
12.00
|
1.74
|
|
|
|||
|
RSP 482
|
10179.1
|
9901.8
|
684.4
|
180
|
-60
|
135.0
|
0.00
|
11.00
|
11.00
|
1.01
|
|
|
|||
|
|
|
|
|
|
|
|
30.00
|
69.00
|
39.00
|
1.44
|
|
|
|||
|
RSP 483
|
10138.5
|
10004.0
|
684.8
|
180
|
-60
|
111.0
|
5.00
|
29.00
|
24.00
|
1.66
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
43.00
|
88.00
|
45.00
|
3.18
|
|
|
|||
|
RSP 484
|
10140.3
|
9934.9
|
684.9
|
180
|
-60
|
120.0
|
0.00
|
4.00
|
4.00
|
0.59
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
55.00
|
67.00
|
12.00
|
0.55
|
|
|
|||
|
RSP 485
|
10138.2
|
9986.1
|
684.5
|
0
|
-60
|
120.0
|
0.00
|
47.00
|
47.00
|
3.05
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
52.00
|
76.00
|
24.00
|
0.59
|
|
|
|||
|
RSP 486
|
10158.3
|
10017.5
|
685.2
|
0
|
-60
|
90.0
|
35.00
|
75.00
|
40.00
|
0.55
|
|
|
|||
|
RSP 487
|
10157.7
|
9979.9
|
684.3
|
0
|
-60
|
102.0
|
0.00
|
40.00
|
40.00
|
1.02
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
40.00
|
75.00
|
35.00
|
1.14
|
|
|
|||
|
RSP 488
|
10098.1
|
9884.6
|
684.4
|
0
|
-60
|
82.0
|
0.00
|
21.00
|
21.00
|
0.40
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
25.00
|
75.00
|
50.00
|
1.26
|
|
|
|||
|
RSP 496
|
10098.0
|
10049.9
|
684.9
|
180
|
-60
|
135.0
|
0.00
|
22.00
|
22.00
|
0.93
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
32.00
|
87.00
|
55.00
|
0.99
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
110.00
|
129.00
|
19.00
|
2.23
|
|
|
|||
|
RSP 500
|
10120.5
|
10113.9
|
688.7
|
180
|
-60
|
31.0
|
5.00
|
16.00
|
11.00
|
0.53
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
16.00
|
31.00
|
15.00
|
0.65
|
Hole terminated in mineralisation
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
DIAMOND DRILLING
|
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
NLD 331
|
9977.7
|
9990.9
|
685.1
|
180
|
-80
|
145.2
|
0.00
|
34.80
|
34.80
|
1.43
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
34.80
|
62.80
|
28.00
|
0.99
|
|
|
|||
|
|
|
|
|
|
|
|
78.80
|
99.80
|
21.00
|
0.81
|
|
|
|||
|
NLD 332
|
10077.1
|
10044.7
|
685.3
|
180
|
-60
|
150.00
|
3.00
|
90.00
|
87.00
|
1.28
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
109.00
|
122.00
|
13.00
|
1.59
|
|
|
|||
|
NLD 333
|
10017.9
|
10013.6
|
684.8
|
180
|
-70
|
183.2
|
0.00
|
80.50
|
80.50
|
2.81
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
80.50
|
168.00
|
87.50
|
6.97
|
incl. 36m @ 12.7 g/t Au
|
|
|||
|
NLD 334
|
10038.3
|
10032.1
|
684.8
|
180
|
-65
|
171.1
|
0.00
|
62.00
|
62.00
|
1.32
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
62.00
|
162.00
|
100.00
|
5.74
|
incl. 42m @ 12.5 g/t Au
|
|
|||
|
NLD 335
|
9990.3
|
9999.8
|
684.9
|
180
|
-70
|
127.7
|
0.00
|
58.00
|
58.00
|
1.67
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
58.00
|
99.00
|
41.00
|
1.09
|
|
|
|||
|
NLD 336
|
10057.8
|
9975.4
|
680.0
|
0
|
-80
|
150.5
|
0.00
|
80.00
|
80.00
|
1.76
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
80.00
|
144.50
|
64.50
|
2.97
|
|
|
|||
|
NLD 337
|
10037.8
|
9926.7
|
679.5
|
0
|
-70
|
145.2
|
0.00
|
53.40
|
53.40
|
0.61
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
53.40
|
82.80
|
29.40
|
1.13
|
|
|
|||
|
|
|
|
|
|
|
|
125.60
|
145.20
|
19.60
|
5.88
|
Hole terminated in mineralisation
|
|
|||
|
NLD 338
|
10078.0
|
9906.6
|
680.1
|
0
|
-60
|
153.3
|
0.00
|
7.50
|
7.50
|
0.76
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
26.00
|
88.00
|
62.00
|
1.42
|
intercept inside pit
|
|
|||
|
NLD 339
|
10098.1
|
9927.2
|
680.0
|
0
|
-60
|
135.9
|
48.00
|
79.00
|
31.00
|
0.91
|
intercept inside pit
|
|
|||
|
|
|
|
|
|
|
|
89.00
|
121.00
|
32.00
|
1.73
|
|
|
|||
|
Note:
Individual gold assays have a top cut of 20 g/t Au and a lower cut of 0.3 g/t Au for intercept calculations. Maximum internal waste allowed is 3m and a mineralisied interval is 0.5m.
All holes are drilled from surface using conventional reverse circulation (RC) or triple-tube diamond drilling techniques.
Intercepts outside pit unless marked.
|
|
||||||||||||||
Related Shares:
AVM.L