AVM.L Regulatory News (AVM)

13 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.

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