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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Avocet Mining Plc | LSE:AVM | London | Ordinary Share | GB00BZBVR613 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.10 | 11.40 | 14.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
TIDMAVM
RNS Number : 4583I
Avocet Mining PLC
03 July 2013
3 July 2013
Avocet Mining PLC
Significant intercepts at Tri-K Project, Guinea
Avocet Mining PLC ("Avocet" or "the Company") announces significant intercepts from recent infill drilling at the Tri-K Development Project (the "Project") in Guinea. The drilling has been conducted as part of the ongoing feasibility study and mining licence application process for an oxide heap leach operation.
The Project consists of a series of permits in northeast Guinea, with the main prospects (Kodiéran and Koulékoun) located approximately 20 kilometres apart. The Project currently has a total Mineral Resource of 3.2 million ounces, of which approximately 0.6 million ounces are expected to be hosted in oxide ore amenable to heap leach, subject to metallurgical testing. Infill drilling at Kodiéran has been completed in order to upgrade the predominantly Inferred Mineral Resource estimate within the oxide zone to the Measured and Indicated categories, ahead of the maiden Ore Reserve estimate being made. Drilling for this particular campaign consisted of approximately 25,000 metres of reverse circulation drilling, from 318 drill holes.
A table of all drill intersections is shown in the appendices. Highlights are as follows:
-- KD000575: 36 metres @ 6.84 g/t Au from surface;
-- KD000508: 21 metres @ 9.29 g/t Au from 27 metres depth, and 11 metres @ 12.10 g/t Au from 49 metres depth;
-- KD000639: 34 metres @ 8.45 g/t Au from 24 metres depth; -- KD000504: 27 metres @ 6.89 g/t Au from 63 metres depth; -- KD000644: 47 metres @ 3.70 g/t Au from 14 metres depth; -- KD000635: 37 metres @ 4.45 g/t Au from 27 metres depth; -- KD000632: 35 metres @ 4.68 g/t Au from 40 metres depth; and -- KD000647: 81 metres @ 1.86 g/t Au from 1 metre depth.
The feasibility study for Tri-K is for a heap leach operation to process the uppermost, oxidised portion of the orebody, including all of the above drill intersections. Exploitation of the fresh component of the orebody will be considered at a later date.
Commenting on these drill results, David Cather, Chief Executive Officer for Avocet, stated:
"This phase of drilling was completed as part of the process to establish a maiden reserve at Tri-K, which has the potential to become Guinea's next gold mine. Whilst the full impact of these intersections will not be fully known until this drilling is incorporated in the Tri-K Mineral Resource estimate, these results are nonetheless excellent."
FOR FURTHER INFORMATION PLEASE CONTACT
Hot Features
Premium
Avocet Mining PLC Pelham Bell Pottinger J.P. Morgan Cazenove Arctic Securities SEB Enskilda
Financial PR Consultants Corporate Broker Financial Adviser & Financial Adviser &
Market Maker Market Maker
================= ======================== ========================= ======================== ====================
David Cather, CEO Daniel Thöle Michael Wentworth-Stanley Arne Wenger Fredrik Cappelen
Mike Norris, FD Petter Bakken
Rob Simmons, IR
----------------- ------------------------ ------------------------- ------------------------ --------------------
+44 20 7766 7676 +44 20 7861 3232 +44 20 7742 4000 +47 2101 3100 +47 2100 8500
NOTES TO EDITORS
Avocet Mining PLC is a gold mining and exploration company listed on the London Stock Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The Company's principal activities are gold mining and exploration in West Africa.
In Burkina Faso the Company owns 90% of the Inata Gold Mine. The deposit at Inata currently comprises a Mineral Resource of 4.7 million ounces and an Ore Reserve of 0.9 million ounces. The Inata Gold Mine poured its first gold in December 2009 and produced 135,189 ounces of gold in 2012.
Other assets in Burkina Faso include eight exploration permits surrounding the Inata Gold Mine in the broader Bélahouro region. The most advanced of these projects is Souma, some 20 kilometres from the Inata Gold Mine, where there is a Mineral Resources estimate of 0.8 million ounces.
In Guinea, Avocet owns exploration licences in the north east of the country. Mineral Resource development has been ongoing since 2005 and the Tri-K project is the most advanced, which currently has a Mineral Resource estimate of 3.2 million ounces and where a feasibility study is underway.
APPENDIX 1 - LOCATION OF SIGNIFICANT INTERCEPTS AT Kodiéran
Please visit www.avocetmining.com to view the associated graphic for Appendix 1
APPENDIX 2 - TABLE OF INTERSECTIONS
Table shows all intersections with grade-widths above 10, with those above 25 in bold.
Hole East North RL Az Dip EOH (m) From To (m) Width Grade
ID (m) (m) (g/t
Au)
---------- ------- -------- ---- --- ---- -------- ----- ------- ------ ------
KD000452 513112 1168476 432 90 -55 132 68 72 4 6.63
KD000452 513112 1168476 432 90 -55 132 75 77 2 5.03
KD000454 513160 1168500 436 90 -55 120 30 51 21 5.66
KD000455 513110 1168498 433 90 -55 138 103 115 12 1.89
KD000460 513125 1168524 437 90 -55 126 58 68 10 1.84
KD000465 513175 1168550 426 90 -55 120 23 30 7 1.46
KD000467 513200 1168575 432 90 -55 96 92 96 4 13.75
KD000468 513176 1168578 438 90 -55 114 88 95 7 2.58
KD000469 513102 1168575 444 90 -55 152 93 98 5 2.29
KD000472 513224 1168598 429 90 -55 84 45 59 14 2.20
KD000473 513179 1168600 442 90 -55 150 86 92 6 3.94
KD000477 513250 1168625 423 90 -55 72 29 44 15 0.82
KD000478 513225 1168626 428 90 -55 100 69 71 2 8.87
KD000478 513225 1168626 428 90 -55 100 85 98 13 1.87
KD000483 513072 1168623 445 90 -55 48 1 23 22 5.49
KD000484 513052 1168624 444 90 -55 102 32 36 4 6.93
KD000484 513052 1168624 444 90 -55 102 39 59 20 0.78
KD000485 513265 1168646 433 90 -55 90 24 39 15 3.18
KD000488 513286 1168673 425 90 -55 60 15 17 2 8.39
KD000488 513286 1168673 425 90 -55 60 20 39 19 3.15
KD000489 513267 1168669 427 90 -55 100 41 74 33 3.57
KD000490 513240 1168677 430 90 -55 125 92 112 20 1.02
KD000491 513214 1168677 426 90 -55 126 89 95 6 3.49
KD000492 513190 1168675 429 90 -55 156 14 24 10 1.90
KD000492 513190 1168675 429 90 -55 156 119 138 19 2.74
KD000492 513190 1168675 429 90 -55 156 141 150 9 1.23
KD000493 513088 1168674 441 90 -55 40 0 5 5 4.04
KD000493 513088 1168674 441 90 -55 40 22 24 2 10.16
KD000494 513064 1168676 418 90 -55 70 60 69 9 1.42
KD000495 513042 1168675 435 90 -55 100 70 82 12 1.15
KD000496 513309 1168697 428 90 -55 80 33 48 15 3.78
KD000497 513237 1168697 426 90 -55 153 92 116 24 4.77
KD000497 513237 1168697 426 90 -55 153 119 128 9 1.65
KD000497 513237 1168697 426 90 -55 153 131 143 12 2.97
KD000500 513220 1168725 430 90 -55 156 96 100 4 3.29
KD000500 513220 1168725 430 90 -55 156 120 129 9 7.87
KD000500 513220 1168725 430 90 -55 156 132 139 7 3.80
KD000503 513363 1168749 413 90 -55 72 16 24 8 5.93
KD000504 513322 1168747 414 90 -55 100 35 41 6 2.03
KD000504 513322 1168747 414 90 -55 100 63 90 27 6.89
KD000505 513216 1168750 425 90 -55 150 145 150 5 2.49
KD000507 513389 1168775 522 90 -55 40 0 9 9 1.46
KD000508 513363 1168774 422 90 -55 60 27 48 21 9.29
KD000508 513363 1168774 422 90 -55 60 49 60 11 12.10
KD000509 513338 1168775 423 90 -55 78 50 64 14 1.40
KD000510 513314 1168773 419 90 -55 110 16 23 7 2.84
KD000510 513314 1168773 419 90 -55 110 32 43 11 4.57
KD000510 513314 1168773 419 90 -55 110 46 50 4 4.45
KD000510 513314 1168773 419 90 -55 110 95 109 14 2.33
KD000511 513296 1168773 414 90 -55 90 35 43 8 5.08
KD000511 513296 1168773 414 90 -55 90 65 78 13 6.60
KD000511 513296 1168773 414 90 -55 90 79 90 11 5.40
KD000515 513416 1168799 420 90 -55 25 0 8 8 2.43
KD000516 513393 1168800 420 90 -55 45 0 21 21 1.61
KD000516 513393 1168800 420 90 -55 45 24 33 9 3.01
KD000517 513365 1168802 431 90 -55 70 61 69 8 1.35
KD000518 513317 1168801 415 90 -55 104 3 14 11 2.91
KD000518 513317 1168801 415 90 -55 104 39 41 2 9.94
KD000518 513317 1168801 415 90 -55 104 53 62 9 3.61
KD000518 513317 1168801 415 90 -55 104 70 75 5 2.18
KD000519 513266 1168798 421 90 -55 120 15 19 4 3.30
KD000519 513266 1168798 421 90 -55 120 88 92 4 2.81
KD000524 513362 1168825 419 90 -55 65 7 16 9 2.04
KD000525 513340 1168825 403 90 -55 90 38 55 17 6.31
KD000526 513313 1168826 417 90 -55 72 69 72 3 13.89
KD000527 513290 1168826 409 90 -55 90 72 86 14 5.25
KD000528 513263 1168827 407 90 -55 120 98 102 4 2.99
KD000534 513339 1168851 417 90 -55 78 19 22 3 5.67
KD000534 513339 1168851 417 90 -55 78 28 30 2 8.30
KD000535 513286 1168850 419 90 -55 100 38 42 4 4.20
KD000535 513286 1168850 419 90 -55 100 84 100 16 1.17
KD000536 513317 1168875 412 90 -55 84 43 55 12 2.05
KD000543 513367 1168925 440 90 -55 75 53 57 4 6.02
KD000543 513367 1168925 440 90 -55 75 66 72 6 3.37
KD000546 513434 1168950 414 90 -55 20 1 12 11 1.47
KD000547 513386 1168951 417 90 -55 50 0 20 20 2.12
KD000539 513340 1168901 410 90 -55 70 16 30 14 2.14
KD000539 513340 1168901 410 90 -55 70 52 63 11 1.42
KD000542 513393 1168922 422 90 -55 70 0 10 10 1.09
KD000550 513420 1168972 419 90 -55 40 0 9 9 1.39
KD000553 513396 1168914 416 90 -55 55 0 8 8 1.33
KD000555 513388 1169000 413 90 -55 40 0 9 9 1.24
KD000555 513388 1169000 413 90 -55 40 28 37 9 3.29
KD000556 513342 1168998 419 90 -55 105 88 90 2 5.22
KD000557 513396 1169050 407 90 -55 60 0 14 14 4.21
KD000557 513396 1169050 407 90 -55 60 18 28 10 2.01
KD000563 513382 1169071 414 90 -55 100 61 68 7 3.59
KD000564 513334 1169075 416 90 -55 111 85 96 11 1.06
KD000566 513282 1169076 416 90 -55 126 101 107 6 1.86
KD000566 513282 1169076 416 90 -55 126 118 126 8 3.43
KD000567 513390 1169101 405 90 -55 75 17 30 13 1.47
KD000568 513342 1169100 409 90 -55 93 60 67 7 1.46
KD000568 513342 1169100 409 90 -55 93 70 78 8 3.96
KD000569 513434 1169127 414 90 -55 65 34 52 18 3.07
KD000571 513381 1169127 405 90 -55 80 37 49 12 3.37
KD000571 513381 1169127 405 90 -55 80 58 62 4 4.24
KD000571 513381 1169127 405 90 -55 80 66 75 9 1.24
KD000572 513356 1169124 407 90 -55 100 47 79 32 2.36
KD000573 513301 1169129 421 90 -55 98 91 96 5 2.40
KD000575 513394 1169147 404 90 -55 80 0 36 36 6.84
KD000575 513394 1169147 404 90 -55 80 49 55 6 6.13
KD000576 513448 1169152 410 90 -55 40 26 38 12 1.32
KD000577 513338 1169143 411 90 -55 86 36 43 7 1.65
KD000577 513338 1169143 411 90 -55 86 55 64 9 3.86
KD000577 513338 1169143 411 90 -55 86 76 83 7 6.10
KD000578 513270 1169151 414 90 -55 100 81 93 12 1.97
KD000581 513418 1169173 412 90 -55 60 8 10 2 7.73
KD000581 513418 1169173 412 90 -55 60 15 23 8 1.39
KD000582 513387 1169174 406 90 -55 85 0 11 11 2.38
KD000582 513387 1169174 406 90 -55 85 31 36 5 2.39
KD000583 513358 1169175 412 90 -55 88 32 38 6 1.78
KD000583 513358 1169175 412 90 -55 88 42 56 14 6.81
KD000584 513340 1169174 405 90 -55 90 16 22 6 3.38
KD000584 513340 1169174 405 90 -55 90 52 73 21 3.64
KD000584 513340 1169174 405 90 -55 90 79 84 5 2.48
KD000585 513314 1169175 406 90 -55 92 37 40 3 3.34
KD000585 513314 1169175 406 90 -55 92 69 86 17 3.23
KD000586 513295 1169173 407 90 -55 90 48 61 13 1.95
KD000586 513295 1169173 407 90 -55 90 65 79 14 3.35
KD000587 513270 1169177 420 90 -55 100 62 79 17 6.36
KD000589 513425 1169202 451 90 -55 50 48 49 1 10.70
KD000590 513384 1169199 450 90 -55 82 10 30 20 2.51
KD000590 513384 1169199 450 90 -55 82 34 41 7 4.51
KD000591 513326 1169202 408 90 -55 75 9 19 10 5.62
KD000591 513326 1169202 408 90 -55 75 54 72 18 2.40
KD000593 513442 1169224 409 90 -55 40 8 19 11 4.45
KD000598 513316 1169274 404 90 -55 70 9 22 13 0.84
KD000605 513070 1167976 417 90 -55 90 77 84 7 2.31
KD000617 512961 1168000 420 90 -55 100 50 57 7 6.89
KD000619 513125 1168028 425 90 -55 60 26 34 8 1.72
KD000619 513125 1168028 425 90 -55 60 42 60 18 2.46
KD000625 512973 1168026 425 90 -55 85 41 63 22 2.62
KD000625 512973 1168026 425 90 -55 85 78 84 6 5.43
KD000629 513076 1168075 423 90 -55 70 19 36 17 2.09
KD000631 513028 1168075 425 90 -55 70 35 70 35 3.24
KD000632 513002 1168075 423 90 -55 75 21 30 9 2.26
KD000632 513002 1168075 423 90 -55 75 33 36 3 4.52
KD000632 513002 1168075 423 90 -55 75 40 75 35 4.68
KD000634 513052 1169092 428 90 -55 70 16 37 21 4.50
KD000635 513023 1168100 425 90 -55 70 9 24 15 3.15
KD000635 513023 1168100 425 90 -55 70 27 64 37 4.45
KD000636 512995 1168102 417 90 -55 78 17 23 6 3.11
KD000636 512995 1168102 417 90 -55 78 33 66 33 3.76
KD000637 513022 1168125 414 90 -55 55 13 20 7 1.68
KD000637 513022 1168125 414 90 -55 55 24 39 15 1.27
KD000638 513000 1168126 423 90 -55 60 13 39 26 3.09
KD000639 512975 1168125 424 90 -55 65 24 58 34 8.45
KD000641 512925 1168124 424 90 -55 90 15 62 47 2.18
KD000642 512900 1168125 419 90 -55 84 14 78 64 2.00
KD000643 512877 1168126 421 90 -55 94 13 36 23 1.47
KD000643 512877 1168126 421 90 -55 94 70 90 20 2.14
KD000644 512950 1168100 418 90 -55 90 14 61 47 3.70
KD000645 512897 1168100 418 90 -55 110 30 49 19 1.63
KD000645 512897 1168100 418 90 -55 110 62 104 42 1.87
KD000647 512951 1168074 426 90 -55 95 1 82 81 1.86
KD000648 512928 1168076 419 90 -55 100 57 100 43 1.95
KD000649 512898 1168073 427 90 -55 115 96 115 19 2.26
KD000650 512876 1168074 416 90 -55 90 48 59 11 2.42
KD000655 512814 1168150 410 90 -55 80 11 24 13 1.34
KD000655 512814 1168150 410 90 -55 80 61 80 19 2.82
KD000666 512920 1168200 420 90 -55 75 59 63 4 3.38
KD000666 512920 1168200 420 90 -55 75 68 75 7 4.07
KD000668 513071 1168047 428 90 -55 75 41 42 1 30.00
KD000669 512974 1168049 421 90 -55 100 28 56 28 2.29
KD000669 512974 1168049 421 90 -55 100 63 66 3 4.40
KD000670 512926 1168050 423 90 -55 120 62 75 13 1.15
KD000670 512926 1168050 423 90 -55 120 80 87 7 1.59
KD000670 512926 1168050 423 90 -55 120 102 120 18 3.83
KD000673 512931 1168018 419 90 -55 100 15 23 8 3.14
KD000673 512931 1168018 419 90 -55 100 54 61 7 1.89
KD000673 512931 1168018 419 90 -55 100 70 90 20 0.71
KD000674 512928 1168022 418 90 -55 110 39 48 9 2.20
KD000674 512928 1168022 418 90 -55 110 74 83 9 1.69
KD000678 513070 1168000 416 90 -55 100 69 90 21 4.24
KD000681 513639 1167700 407 90 -55 70 23 28 5 2.02
KD000681 513639 1167700 407 90 -55 70 56 63 7 2.49
KD000682 513580 1167698 400 90 -55 110 62 83 21 0.73
KD000684 513638 1167725 401 90 -55 80 5 10 5 2.12
KD000687 513651 1167751 396 90 -55 80 54 71 17 1.55
KD000688 513678 1167776 400 90 -55 70 39 66 27 1.70
KD000692 513722 1167825 407 90 -55 40 9 17 8 1.34
KD000693 513698 1167825 399 90 -55 65 0 15 15 1.90
KD000694 513596 1167825 404 90 -55 110 25 29 4 5.01
KD000695 513672 1167903 404 90 -55 100 28 40 12 1.06
KD000698 513710 1167950 410 90 -55 70 0 13 13 1.34
KD000698 513710 1167950 410 90 -55 70 16 29 13 0.86
KD000700 513282 1169201 404 90 -55 110 39 52 13 5.55
KD000700 513282 1169201 404 90 -55 110 83 101 18 4.79
KD000702 513325 1169525 395 90 -55 70 9 36 27 4.95
KD000703 513278 1169526 399 90 -55 70 38 61 23 2.70
KD000705 513373 1169415 392 90 -55 65 30 35 5 4.00
KD000717 513325 1169425 403 90 -55 70 52 54 2 16.04
KD000719 513413 1169225 405 90 -55 71 34 39 5 4.97
KD000721 513400 1169250 400 90 -55 78 4 11 7 1.96
KD000722 513349 1169249 404 90 -55 80 63 67 4 3.73
KD000723 513295 1169250 405 90 -55 80 27 36 9 2.63
KD000724 513257 1169250 411 90 -55 100 72 78 6 3.85
KD000727 513335 1169225 406 90 -55 83 40 58 18 3.77
KD000733 513402 1169400 396 90 -55 72 15 18 3 4.37
KD000743 513275 1169498 396 90 -55 115 55 62 7 1.68
KD000743 513275 1169498 396 90 -55 115 68 89 21 3.59
KD000743 513275 1169498 396 90 -55 115 92 102 10 5.60
KD000744 513301 1169476 390 90 -55 95 34 44 10 1.61
KD000745 513278 1169473 393 90 -55 96 61 81 20 1.08
KD000763 513443 1169274 402 90 -55 80 15 30 15 0.75
KD000763 513443 1169274 402 90 -55 80 44 60 16 0.82
KD000765 513163 1168673 425 90 -55 50 44 47 3 5.20
KD000766 513042 1168647 440 90 -55 130 57 63 6 5.28
KD000766 513042 1168647 440 90 -55 130 86 97 11 1.77
KD000768 513033 1168551 430 90 -55 70 18 23 5 8.93
KD000726 513366 1169224 403 90 -55 100 19 54 35 6.21
KD000725 513391 1169225 402 90 -55 100 87 96 9 1.33
KD000728 513313 1169225 405 90 -55 100 31 42 11 3.30
KD000729 513291 1169225 404 90 -55 100 30 42 12 5.94
KD000729 513291 1169225 404 90 -55 100 64 74 10 2.30
KD000730 513230 1169423 390 90 -55 100 90 91 1 10.80
KD000730 513230 1169423 390 90 -55 100 95 98 3 4.06
Notes:
-- Aside from the 3 drill intersections at Tri-K that are referenced in the press release dated 2 May 2013, all results listed in this release are previously unpublished.
-- All results shown are for those intersections with grade-width values greater than 10. Rows in bold denote intersections with grade-width values greater than 25.
-- Individual gold assays have a top cut of 30 g/t Au and a lower cut of 0.5 g/t Au for intercept calculations.
-- Maximum internal waste allowed is 2m and minimum mineralised interval is 1m.
-- All holes are drilled from surface using conventional reverse circulation drilling techniques.
-- All samples have been prepared and analysed by SGS Laboratories in Mali. -- Gold has been analysed by fire assay using a 50 gram charge. -- All sample batches have passed Avocet's QAQC protocols.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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