AVM.L Regulatory News (AVM)

3 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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