TIDMAVM

RNS Number : 6649I

Avocet Mining PLC

20 June 2011

AVOCET MINING PLC

POSITIVE DRILLING RESULTS FROM INATA

Avocet Mining PLC ("Avocet" or "the Company") announces further positive drilling results from the on-going drilling campaign at its flagship Inata gold mine in Burkina Faso, with additional updates scheduled to be announced during the third quarter of 2011. Highlights of the results announced today are summarised in the tables attached to this release and include:

 
Inata North Extension 
  10 m @ 2.35 g/t Au from 171 m 
   in INRD0064 
  (incl. 1 m @ 19.2 g/t Au) 
  6 m @ 3.68 g/t Au from 199.4 m 
   in INRD0061 
   (incl. 1 m @ 9.74 g/t Au & 1 m 
   @ 5.05 g/t Au) 
  2 m @ 9.82 g/t Au from 8 m in 
   INRD0070 
 
Sayouba 
  4 m @ 12.7 g/t Au from 173 m in 
   INRC1776 
  (incl. 2 m @ 24.4 g/t Au) 
  11.7 m @ 2.51 g/t Au from 114.3 
   m in INDD0060 
  (incl. 3.1 m @ 4.91 g/t Au) 
  3 m @ 7.62 g/t Au from 205 m in 
   INDD0078 
  (incl. 1 m @ 21.6 g/t Au) 
 
Inata North 
  45.5 m @ 2.77 g/t Au from 287.5 
   m in INDD0075 
  (incl. 22.3 m @ 3.97 g/t Au) 
  14 m @ 4.71 g/t Au from 432 m 
   in INDD0064 
  (incl. 4 m @ 5.05 g/t Au & 5.1 
   m @ 7.27 g/t Au) 
  11 m @ 4.55 g/t Au from 87 m in 
   INRC1761 
  (incl. 9m @ 5.46 g/t Au) 
  7 m @ 7.79 g/t Au from 154 m in 
   INRC1761 
 
Inata Central 
  9 m @ 10.3 g/t Au from 122 m in 
   INRD0098 
  (incl. 6 m @ 14.9 g/t Au) 
  19 m @ 3.69 g/t Au from 6 m in 
   INRC1877 
  (incl. 10 m @ 5.15 g/t Au) 
  8 m @ 7.21 g/t Au from 158 m in 
   INRD0137 
   (incl. 5 m @ 10.7 g/t Au) 
 
Inata South 
  26 m @ 7.35 g/t Au from 97 m in 
   INRC1678 
  (incl. 13m @ 13.8 g/t Au) 
  8 m @ 5.08 g/t Au from 61 m in 
   INRC1832 
  (incl. 2 m @ 16.1 g/t Au) 
  5 m @ 7.25 g/t Au from 117 m in 
   INRC1840 
  (incl. 3 m @ 11.5 g/t Au) 
 
Minfo and Minfo East 
  13m @ 4.50 g/t Au from 118 m in 
   INRD1728 
  (incl. 4.4m @ 9.93 g/t Au) 
  12 m @ 2.15 g/t Au from 62 m in 
   INRC1899 
  (incl. 8m @ 2.68 g/t Au) 
  20 m @ 2.12 g/t Au from 77 m in 
   INRC1899 
  (incl. 7m @ 4.03 g/t Au) 
 

Avocet reported drilling results from Inata on 7 February and 24 March 2011 based on 177 reverse circulation ("RC") drill holes (24,162 metres) and 7 RC with diamond tail ("RD") drill holes (1,396 metres). Assays have now been received and validated for an additional 157 RC drill holes (26,154 metres), 36 RD drill holes (8,156 metres) and 18 diamond ("DD") drill holes (6,247 metres) from a total completed programme of 438 RC drill holes (61,245 metres), 92 RD holes (21,066 metres) and 68 DD drill holes (19,035 metres). Figure 1 shows the location of the most significant intercepts and Tables 1 to 5 list all new significant intercepts. These drill holes have tested mineralisation beneath and along strike from Inata North, Inata Central, Inata South, Minfo and Sayouba as part of a programme targeted at realising the larger scale of the Inata Mineral Resource and doubling of the original Mineral Reserves. The Company has completed an additional 10,017 metres of RC drilling outside of the Inata mine permit on prospects that are contiguous with the mineralised zone at Minfo, including Filio; and a further 12,542 metres of air core drilling on infrastructure sterilisation.

The large volume of significant results received to date from over 100,000 metres of drilling inside the Inata mine permit indicates that the Mineral Resource of 2.12 million ounces announced on 12 April 2011 will continue to expand. The wide zones of higher grade mineralisation at Inata Central and Inata South are particularly encouraging, as these results are significantly better than the previous intercepts that have contributed to the current Mineral Resource.

Avocet embarked on an extensive 200,000 metre drill programme at Inata (and within the Belahouro region) in late 2010, which has delivered some impressive results to date. At the time of announcing the programme, the Company set a target to "double the reserves" from the original Mineral Reserves at Inata of 944,000 ounces stated by Wega Mining, and has made good progress toward achieving that goal.

The recent labour unrest reported on 13 May 2011 has led to the early termination of drilling prior to the onset of the July to September wet season. This action did not allow for the completion of the drilling programme, which will defer the Company's ability to realise this goal until a further 9,000 metres of deeper drill holes are completed. These drill holes are scheduled to commence in October 2011 along with the remaining 67,000 metres that will complete the initial 200,000 metre drill programme. The balance of this programme will test priority near mine targets.

The Company will report the final batch of results from the current field season's drilling of approximately 30,000 metres once they have been validated, and will report a further updated Mineral Resource in the third quarter of 2011.

Commenting on the latest drilling results from Inata, Brett Richards, Chief Executive Officer for Avocet, stated:

"Inata continues to return significant drilling results that show it is a much larger gold deposit than the current Mineral Resource and Reserve suggest. We are confident of achieving the goal of doubling the Mineral Reserves; however the final resource and reserve upgrade will be delayed due to the early termination of the drilling programme caused by the labour unrest leading up to the wet season. As well, exploration drilling of the regional targets in the next field season will illustrate to us how we look at the Belahouro region as a whole, in regards to how to we increase our production profile in Burkina Faso over the coming years".

Figure 1.0

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/6649I_-2011-6-17.pdf

The information in this announcement is based on information reviewed and audited by Mr Peter Flindell (MAusIMM), Executive Vice President of Exploration for Avocet. Mr Flindell has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as a Qualified Person as defined by the Canadian National Instrument 43-101 for the reporting of Exploration Results, Mineral Resources and Mineral Reserves (NI 43-101) and as a Competent Person as defined by the Australian JORC Code (2004) for the reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Flindell consents to the inclusion of the technical information in this announcement in the form and context in which it appears.

 
 For further information 
  please contact: 
                               Ambrian 
 Avocet                         Partners    J.P. Morgan           Arctic 
 Mining PLC     Buchanan        Limited     Cazenove              Securities     SEB Enskilda 
                                                                  Financial 
                               NOMAD &                             Adviser 
                Financial PR   Joint                               & Market 
                Consultants    Broker       Lead Broker            Maker         Market Maker 
 Brett 
 Richards, 
 CEO Mike 
 Norris, FD 
 Hans-Arne 
 L'orange, 
 EVP Business                  Samantha                                          Fredrik 
 Development    Bobby Morse    Harrison     Michael               Arne Wenger    Cappelen 
 & Investor      Katharine     Jen          Wentworth-Stanley     Petter         Andreas 
 Relations       Sutton        Boorer       Neil Passmore         Bakken         Rode 
                +44 20 7466 
                 5000 +44      +44 20 
 +44 20 7766     7872           7634                              +47 2101 
  7676           604783         4700         +44 20 7588 2828      3100          +47 21008500 
 www.avocet.    www.buchana    www.ambri    www.jpmorgancazenov   www.arcticse   www.sebenski 
  co.uk          n.uk.com       an.com      e.com                 c.no           lda.no 
 
 

Notes to Editors

Avocet Mining PLC ("Avocet" or "the Company") is a gold mining company listed on the AIM market of the London Stock Exchange (Ticker: AVM.L) and the Oslo Bors (Ticker: AVM.OL). The Company's principal activities are gold mining and exploration in Burkina Faso (as 90 per cent owner of the Inata gold mine), Malaysia (as 100 per cent owner of the Penjom gold 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).

In December 2010 Avocet announced that it had signed a binding agreement for the conditional sale of its South East Asian assets to J&Partners L.P, a private company, for US$200 million. The transaction with J&Partners will leave Avocet as a West African gold producer with a clear strategy for growth in that region. Further details can be found in the press release dated 24 December 2010 and in the Company's preliminary results statement for 2010, dated 22 February 2011.

Background to operations

The Inata deposit presently comprises a Mineral Resource of 2.12 million ounces and a Mineral Reserve of 1.08 million ounces. Inata poured its first gold in December 2009 and has now reached a production rate in excess of 13,500 ounces per month. Other assets in West Africa include exploration permits in Burkina Faso (the most advanced being the Souma trend at Belahouro, some 20 kilometres from Inata,with a Mineral Resource of 561,100 ounces), Guinea and Mali (the most advanced being the Tri-K gold exploration project in Guinea with a Mineral Resource of 1.10 million ounces).

Penjom is Malaysia's largest gold mine and was developed by Avocet in an area of historic alluvial mining. The mine is located in Pahang State, approximately 120 km north of the country's capital, Kuala Lumpur.

North Lanut in North Sulawesi, Indonesia, was developed by Avocet from the exploration stage. The mine is located within a Contract of Work, which includes exploration and mining rights over approximately 50,000 hectares in an area highly prospective for gold. Avocet holds an 80 per cent interest and an Indonesian company, PT Lebong Tandai, owns the remaining 20 per cent.

TABLE 1 - SUMMARY OF DRILLHOLE INTERCEPTS AT INATA NORTH EXTENSION & SAYOUBA

 
                                                                                     Grade 
   Hole                                              EOH     From     To     Width    (g/t 
     ID       East       North     RL    Az   Dip    (m)      (m)     (m)     (m)     Au)    Including 
 INDD0060    683,297   1,588,903   340   90   -60    171     108     111.9    3.9    1.06 
                                                                                             3.1m @ 4.91 g/t 
                                                                                             Au & 2.3m @ 3.30 
                                                            114.3     126    11.7    2.51    g/t Au 
                                                            128.5    130.1    1.6    0.68 
                                                            142.45   144.6   2.15    1.40 
 INDD0062    683,020   1,589,301   349   90   -60    140      33      35       2     0.53 
                                                             38.4     41      2.6    0.97 
                                                             44.3    48.1     3.8    1.53 
                                                              60      64       4     2.05    1m @ 3.28 g/t Au 
                                                             81.4    86.55   5.15    1.21 
                                                              92      94       2     3.55    1m @ 5.70 g/t Au 
                                                            133.5    134.5     1     0.62 
 INDD0078    683,207   1,588,951   341   90   -60   256.5     28     30.3     2.3    0.67 
                                                             205      208      3     7.62    1m @ 21.6 g/t Au 
 INDD0079    683,149   1,589,051   343   90   -60   356.5   194.2    195.2     1     0.82 
                                                            204.6    205.6     1     0.52 
                                                            331.8     336     4.2    1.63    1m @ 3.89 g/t Au 
 INDD0080    683,148   1,588,903   341   90   -60   346.5     0        4       4     0.59 
                                                              62      64       2     1.62 
                                                            280.5    281.5     1     1.38 
 INDD0083    682,816   1,589,350   345   90   -60   366.5   184.5    187.5     3     0.42 
                                                            322.3    324.3     2     1.17 
                                                            330.2    334.4    4.2    1.37    1m @ 2.55 g/t Au 
 INRC1592    683,126   1,589,701   344   0    -60    192      75      76       1     0.61 
                                                              87      88       1     1.58 
                                                             174      175      1     1.40 
 INRC1595    683,099   1,589,753   344   0    -60    198     162      163      1     0.94 
                                                             183      185      2     1.22 
 INRC1596    683,150   1,589,752   343   0    -60    144     116      117      1     0.61 
                                                             122      123      1     0.58 
 INRC1693    683,386   1,588,851   337   90   -60    150     127      128      1     0.58 
 INRC1705    683,153   1,589,000   342   90   -60    204      83      85       2     1.15 
                                                             109      110      1     0.73 
                                                             138      139      1     0.93 
                                                             151      152      1     0.60 
 INRC1708    683,329   1,588,850   338   90   -60    200      32      34       2     0.78 
                                                             105      106      1     0.90 
 INRC1711    683,494   1,590,451   333   90   -60    171     107      109      2     1.13 
                                                             119      120      1     0.60 
 INRC1749    683,000   1,589,802   343   90   -60    236      16      17       1     0.87 
                                                             209      210      1     3.39 
                                                             213      219      6     1.42    1m @ 2.91 g/t Au 
                                                             226      229      3     1.80    1m @ 2.66 g/t Au 
 INRC1774    683,306   1,589,299   345   90   -60    165      58      61       3     0.56    1m @ 4.77 g/t Au 
 INRC1775    683,256   1,589,300   346   90   -60    190      12      13       1     0.75 
                                                              39      40       1     2.00 
                                                              57      58       1     4.77 
                                                             116      117      1     1.23 
                                                             131      132      1     0.56 
 INRC1776    683,210   1,589,301   348   90   -60    220     127      128      1     0.69 
                                                             163      164      1     1.27 
                                                             167      170      3     3.36    1m @ 6.94 g/t Au 
                                                             173      177      4     12.7    2m @ 24.4 g/t Au 
                                                             181      184      3     2.36    1m @ 5.94 g/t Au 
                                                             207      208      1     0.82 
 INRC1778    683,329   1,589,355   345   90   -60    165      56      60       4     0.64 
                                                              64      65       1     1.06 
                                                              73      74       1     0.56 
 INRC1779    683,277   1,589,355   346   90   -60    190      43      44       1     8.08 
                                                              61      62       1     3.34 
                                                              83      84       1     1.49 
                                                             102      103      1     0.87 
 INRC1780    683,230   1,589,354   348   90   -60    220     125      126      1     1.25 
                                                             133      136      3     1.50    1m @ 2.54 g/t Au 
                                                             191      192      1     7.51 
                                                             196      198      2     4.42 
 INRC1781    683,326   1,589,406   344   90   -60    165      16      17       1     0.65 
                                                              76      77       1     0.50 
                                                              90      94       4     0.61 
                                                             112      113      1     1.53 
 INRC1782    683,276   1,589,403   346   90   -60    190      10      12       2     0.81 
                                                              21      22       1     0.63 
                                                             110      111      1     1.24 
                                                             137      138      1     0.69 
 INRC1783    683,235   1,589,400   347   90   -60    220      5        7       2     0.66 
                                                              31      32       1     1.63 
                                                              58      61       3     0.73 
                                                              78      79       1     0.52 
                                                             107      108      1     0.51 
                                                             143      144      1     0.50 
 INRC1905    683,377   1,589,409   345   90   -60    126     103      104      1     0.82 
 INRD0061    682,895   1,589,300   349   90   -60   312.5    159      160      1     1.18 
                                                             167      170      3     0.49 
                                                                                             1m @ 9.74 g/t Au 
                                                                                             & 1m @ 5.05 g/t 
                                                            199.4    205.4     6     3.68    Au 
                                                             225      229      4     0.78 
 INRD0064    682,863   1,589,453   345   90   -60    405     162     165.2    3.2    0.59 
                                                            167.5    168.5     1     0.86 
                                                             171      181     10     2.35    1m @ 19.2 g/t Au 
                                                             185      191      6     0.41 
                                                             234     237.3    3.3    1.73    1m @ 3.67 g/t Au 
                                                            239.8     246     6.2    0.79 
                                                             253      258      5     3.27    1m @ 7.48 g/t Au 
                                                            264.5     271     6.5    0.92 
                                                             328      330      2     1.13 
                                                             334      340      6     2.00    2m @ 3.88 g/t Au 
                                                             346      350      4     0.64 
 INRD0070    682,915   1,589,552   348   90   -60   370.5     8       10       2     9.82 
 INRD0071    682,991   1,589,598   349   90   -60    200     150      157      7     0.44 
                                                             168      169      1     0.50 
----------  --------  ----------  ----  ---  ----  ------  -------  ------  ------  ------  ------------------ 
 
 

Notes: 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 and triple tube wireline diamond drilling techniques drilled by Boart Longyear & West African Drilling Services

All samples have been prepared and analysed by SGS Laboratories in Ouagadougo, Burkina Faso and Intertek Testing Services in Tarkwa, Ghana

Gold has been analysed by fire assay using a 50 gram charge

All sample batches have passed Avocet's QAQC protocols

TABLE 2 - SUMMARY OF DRILLHOLE INTERCEPTS AT INATA NORTH

 
                                                                                     Grade 
   Hole                                              EOH     From     To     Width    (g/t 
     ID       East       North     RL    Az   Dip     (m)     (m)     (m)     (m)     Au)    Including 
 INDD0063    682,624   1,588,376   336   90   -60   382.5    262.6   265.2    2.6    6.48 
                                                                                             1.3m @ 6.77 g/t 
                                                                                             Au & 2.7m @ 1.83 
                                                              278    288.4   10.4    1.69    g/t Au 
                                                              293     299      6     3.68    4m @ 4.85 g/t Au 
                                                             321.6   325.5    3.9    0.84    1m @ 2.57 g/t Au 
                                                              333    335.6    2.6    0.81 
                                                              348     350      2     0.61 
                                                              365     367      2     2.49 
 INDD0064    682,501   1,588,401   335   90   -60   490.8     1.6     3.6      2     0.78 
                                                                                             5m @ 5.27 g/t Au 
                                                                                             & 3m @ 2.90 g/t 
                                                              401     419     18     2.38    Au 
                                                              426     429      3     2.58    1m @ 5.07 g/t Au 
                                                                                             4m @ 5.05 g/t Au 
                                                                                             & 5.1m @ 7.27 g/t 
                                                              432     446     14     4.71    Au 
                                                              452     456      4     1.10 
                                                                                             1.4m @ 3.48 g/t 
                                                              466     469      3     1.98    Au 
                                                              473     476      3     1.72    1m @ 2.40 g/t Au 
 INDD0066    682,573   1,588,555   335   90   -60   479.18   150.5   151.5     1     0.63 
                                                             227.6   228.6     1     0.87 
                                                             295.6   296.6     1     2.78 
                                                              299    300.2    1.2    0.57 
                                                              312     315      3     3.95    1m @ 10.0 g/t Au 
                                                              318     319      1     1.09 
                                                             326.8    328     1.2    0.52 
                                                              338     340      2     1.65    1m @ 2.71 g/t Au 
                                                                                             2.2m @ 2.28 g/t 
                                                             345.3    353     7.7    1.65    Au 
                                                                                             3m @ 1.54 g/t Au 
                                                                                             & 1.2m @ 3.33 g/t 
                                                             358.3    367     8.7    1.44    Au 
                                                             372.7   375.4    2.7    1.14 
                                                             408.5   410.5     2     1.38    1m @ 2.02 g/t Au 
 INDD0068    682,731   1,588,901   341   90   -60   360.7    236.3   237.3     1     0.71 
                                                             300.3   301.3     1     2.80 
 INDD0069    682,725   1,588,801   340   90   -60   349.5    210.7   211.7     1     0.91 
                                                             236.4   238.5    2.1    0.77 
                                                             242.2   245.3    3.1    1.06 
                                                              306     307      1     4.27 
 INDD0070    682,738   1,588,849   340   90   -60   391.5     145     146      1     0.72 
                                                             210.2   211.2     1     4.44 
                                                             220.9    222     1.1    0.90 
                                                              231    232.4    1.4    0.65 
                                                              259     260      1     0.53 
                                                             331.5   334.5     3     1.63    1m @ 2.33 g/t Au 
 INDD0071    682,684   1,588,850   341   90   -60   391.5     11      13       2     0.60 
                                                              217    219.2    2.2    1.42 
                                                              308     311      3     1.06 
                                                              359     360      1     1.76 
                                                              363     364      1     0.85 
                                                             389.5   390.5     1     0.71 
 INDD0072    682,695   1,588,750   340   90   -60   400.5     262     264      2     2.38    1m @ 2.97 g/t Au 
                                                             277.6   278.6     1     1.24 
                                                             285.5   286.5     1     1.02 
                                                             308.3   309.3     1     1.07 
                                                             313.3   316.8    3.5    0.73 
                                                              328     331      3     0.54 
                                                             345.3   347.3     2     1.10 
                                                              374     377      3     2.72    2m @ 3.42 g/t Au 
 INDD0075    682,590   1,588,425   336   90   -60    375     193.5    195     1.5    8.41 
                                                                                             22.3m @ 3.97 g/t 
                                                                                             Au & 2m @ 4.39 
                                                             287.5    333    45.5    2.77    g/t Au 
                                                                                             8.7m @ 3.60 g/t 
 INDD0076    682,759   1,589,000   344   90   -60   370.5    241.8   251.5    9.7    3.31    Au 
                                                             264.7   265.7     1     1.00 
                                                                                             1.5m @ 3.81 g/t 
                                                             271.3   273.8    2.5    2.66    Au 
                                                                                             2.1m @ 4.34 g/t 
 INDD0077    682,720   1,588,425   298   90   -60   352.5     101     105      4     3.09    Au 
                                                              125     128      3     1.27 
                                                                                             1.3m @ 3.10 g/t 
                                                             149.5   152.8    3.3    1.78    Au 
                                                             155.1   160.5    5.4    6.63 
                                                             166.1    168     1.9    0.88 
 INRC1609    682,740   1,588,300   288   90   -60    141      25      26       1     0.61 
                                                              60      61       1     0.51 
 INRC1670    682,405   1,584,652   317   90   -60    200      118     119      1     0.52 
 INRC1718    682,744   1,587,902   339   90   -60    201      106     107      1     1.10 
 INRC1761    682,739   1,588,455   298   90   -60    240      73      76       3     5.61 
                                                              87      98      11     4.55    9m @ 5.46 g/t Au 
                                                              101     104      3     1.65    1m @ 4.10 g/t Au 
                                                              119     124      5     3.01    2m @ 5.68 g/t Au 
                                                              145     149      4     1.51 
                                                              154     161      7     7.79 
                                                              164     165      1     1.35 
                                                                                             4m @ 3.43 g/t Au 
                                                                                             & 1m @ 4.33 g/t 
                                                                                             Au & 5m @ 2.27 
 INRC1764    682,856   1,588,752   308   90   -60    225      27      50      23     1.66    g/t Au 
                                                              54      58       4     1.15    1m @ 2.04 g/t Au 
                                                              114     116      2     2.39 
                                                              133     134      1     0.50 
                                                              137     143      6     4.62    5m @ 5.37 g/t Au 
 INRC1765    682,911   1,588,749   325   90   -60    135      80      84       4     1.88    1m @ 2.51 g/t Au 
                                                              96      98       2     1.19 
 INRC1766    682,924   1,588,803   307   90   -60    135      33      34       1     0.68 
                                                              92      94       2     1.21 
                                                                                             5m @ 4.25 g/t Au 
                                                                                             & 1m @ 2.96 g/t 
 INRC1767    682,872   1,588,804   307   90   -60    200      18      32      14     2.22    Au 
                                                              37      40       3     0.37 
                                                              44      49       5     1.86    1m @ 5.47 g/t Au 
                                                              115     116      1     0.67 
                                                              119     120      1     1.55 
                                                              133     139      6     2.10    2m @ 4.17 g/t Au 
 INRC1768    682,965   1,589,351   348   90   -60    310       5       9       4     0.99 
                                                              25      27       2     1.28 
                                                              34      40       6     0.99    1m @ 2.17 g/t Au 
                                                              46      59      13     2.16    4m @ 5.34 g/t Au 
                                                              81      83       2     1.23 
                                                              101     102      1     1.51 
                                                              115     116      1     0.68 
                                                              119     120      1     0.98 
                                                              130     136      6     1.65    2m @ 2.59 g/t Au 
                                                              198     202      4     3.31    1m @ 10.7 g/t Au 
                                                              285     286      1     1.48 
 INRC1769    682,865   1,589,351   347   90   -60    315       6       9       3     0.48 
                                                              147     154      7     0.76 
                                                              161     164      3     0.62 
                                                              198     200      2     0.55 
                                                              203     204      1     2.56 
                                                              218     219      1     0.56 
                                                              230     241     11     2.11    3m @ 3.74 g/t Au 
                                                              275     279      4     0.80 
 INRC1770    683,349   1,590,252   336   90   -60    245      71      74       3     0.95 
                                                              128     129      1     2.33 
                                                              132     134      2     1.84    1m @ 2.81 g/t Au 
                                                              138     143      5     1.76    2m @ 3.04 g/t Au 
                                                              156     163      7     1.11    1m @ 2.55 g/t Au 
                                                              187     188      1     0.79 
                                                              243     244      1     0.66 
 INRC1771    683,398   1,590,451   333   90   -60    209      29      30       1     0.50 
                                                              103     105      2     4.09 
 INRC1772    683,450   1,590,652   332   90   -60    246      162     163      1     0.86 
 INRC1784    683,150   1,588,601   338   90   -60    135      50      51       1     2.37 
 INRC1786    683,099   1,588,502   338   90   -60    130      115     119      4     0.98 
 INRC1791    682,696   1,588,000   341   90   -60    268      210     212      2     1.87    1m @ 3.10 g/t Au 
 INRC1795    682,983   1,588,601   337   90   -60    200      71      72       1     1.99 
                                                              98      99       1     5.97 
 INRC1801    682,061   1,583,249   330   0    -60    125       3       4       1     0.80 
                                                              13      14       1     0.62 
                                                              107     108      1     0.58 
                                                              121     122      1     0.67 
 INRC1853    682,767   1,588,142   341   90   -60    190      138     139      1     0.60 
 INRC1854    682,724   1,588,188   341   90   -60    200      133     134      1     0.55 
 INRC1870    682,933   1,586,501   326   90   -60    150      37      38       1     0.77 
                                                                                             1m @ 4.38 g/t Au 
                                                                                             & 3m @ 3.36 g/t 
                                                              49      70      21     1.25    Au 
                                                              107     109      2     0.52 
                                                              120     121      1     0.70 
 INRC1871    682,980   1,586,498   328   90   -60    100      22      23       1     0.62 
                                                              71      76       5     1.25    1m @ 2.00 g/t Au 
 INRC1923    682,679   1,588,197   338   90   -60    273       5       8       3     1.64    1m @ 3.84 g/t Au 
                                                              189     190      1     0.54 
 INRC1924    682,661   1,588,251   335   90   -60    247      235     239      4     0.43 
 INRC1925    682,665   1,588,275   334   90   -60    255      249     252      3     1.76    1m @ 2.02 g/t Au 
 INRC1926    682,650   1,588,304   332   90   -60    237      46      47       1     0.72 
                                                                                             1m @ 2.77 g/t Au 
                                                                                             & 1m @ 4.05 g/t 
 INRC1928    682,858   1,589,050   346   86   -60    346      156     164      8     1.76    Au 
                                                              167     174      7     1.31    1m @ 3.10 g/t Au 
                                                              208     211      3     3.10    2m @ 4.31 g/t Au 
 INRD0076    682,822   1,589,151   360   90   -60   361.5     49      50       1     2.48 
 INRD0076    682,822   1,589,151   360   90   -60   361.5     111     112      1     0.60 
 INRD0077    682,792   1,589,101   359   90   -60    230      81      82       1     0.62 
                                                              89      90       1     0.61 
                                                              104     105      1     1.10 
                                                              112     113      1     0.72 
----------  --------  ----------  ----  ---  ----  -------  ------  ------  ------  ------  ------------------ 
 
 

Notes: 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 and triple tube wireline diamond drilling techniques drilled by Boart Longyear & West African Drilling Services

All samples have been prepared and analysed by SGS Laboratories in Ouagadougo, Burkina Faso and Intertek Testing Services in Tarkwa, Ghana

Gold has been analysed by fire assay using a 50 gram charge

All sample batches have passed Avocet's QAQC protocols

TABLE 3 - SUMMARY OF DRILLHOLE INTERCEPTS AT INATA CENTRAL

 
                                                                                     Grade 
   Hole                                              EOH     From     To     Width    (g/t 
     ID       East       North     RL    Az   Dip     (m)     (m)     (m)     (m)     Au)        Including 
 INRC1845    682,648   1,586,264   323   90   -60    200      42      43       1     0.81 
                                                              117     118      1     0.71 
                                                              121     124      3     1.28 
                                                              128     129      1     0.52 
                                                              155     156      1     1.36 
                                                              175     176      1     0.53 
 INRC1846    682,649   1,586,315   323   90   -60    190      121     126      5     1.42    1m @ 5.05 g/t Au 
                                                              136     140      4     0.49 
 INRC1847    682,835   1,586,413   325   90   -60    175      14      16       2     0.54 
                                                              57      58       1     0.51 
                                                              86      87       1     0.70 
                                                              109     110      1     2.21 
                                                              129     130      1     1.81 
 INRC1849    682,687   1,586,562   327   90   -60    200      147     159     12     1.60    5m @ 2.66 g/t Au 
 INRC1850    682,710   1,586,562   326   90   -60    175      70      71       1     0.79 
                                                              97      98       1     0.79 
                                                              119     132     13     1.87    3m @ 5.51 g/t Au 
                                                              152     153      1     0.54 
 INRC1851    682,845   1,587,800   342   90   -60    200      154     157      3     1.93    2m @ 2.26 g/t Au 
                                                              162     163      1     1.49 
 INRC1855    683,006   1,587,400   328   90   -60    200      39      42       3     2.55    1m @ 6.19 g/t Au 
                                                              51      56       5     1.33    1m @ 3.80 g/t Au 
                                                              61      63       2     0.95 
                                                              100     102      2     0.76 
                                                              107     108      1     1.21 
                                                              132     135      3     0.87 
                                                              140     145      5     0.39 
 INRC1856    682,995   1,587,452   327   90   -60    170      54      67      13     2.80    5m @ 4.34 g/t Au 
                                                              72      74       2     0.72 
                                                              81      85       4     0.52 
                                                              111     112      1     0.93 
                                                              117     118      1     0.56 
                                                              139     143      4     2.36    2m @ 4.25 g/t Au 
                                                              146     147      1     0.53 
                                                              155     157      2     0.53 
                                                                                             2m @ 5.06 g/t Au 
                                                                                              & 6m @ 4.06 g/t 
 INRC1857    682,971   1,587,447   328   90   -60    200      80      99      19     2.38           Au 
                                                              102     103      1     0.64 
                                                              109     113      4     1.23    1m @ 3.13 g/t Au 
                                                              119     122      3     0.75 
                                                              170     173      3     2.00    1m @ 4.45 g/t Au 
                                                                                             5m @ 3.97 g/t Au 
                                                                                              & 1m @ 4.01 g/t 
                                                                                              Au & 1m @ 3.42 
 INRC1858    682,960   1,587,400   328   90   -60    210      88      106     18     1.93         g/t Au 
                                                              187     188      1     1.03 
                                                              191     192      1     0.81 
 INRC1859    682,970   1,587,500   328   90   -65    190      33      36       3     2.38    1m @ 5.19 g/t Au 
                                                              88      99      11     1.57    1m @ 7.95 g/t Au 
                                                              110     112      2     0.66 
                                                              164     166      2     2.44    1m @ 3.08 g/t Au 
 INRC1861    683,042   1,587,503   330   90   -60    210       0       8       8     5.19    4m @ 9.39 g/t Au 
                                                              20      24       4     1.35    1m @ 2.47 g/t Au 
                                                              40      41       1     0.52 
                                                              46      53       7     0.54 
                                                              57      58       1     1.65 
                                                              62      64       2     2.76 
                                                              137     138      1     0.60 
 INRC1862    682,831   1,587,012   325   90   -60    195      133     147     14     1.94    4m @ 4.25 g/t Au 
                                                              164     165      1     2.75 
                                                              185     186      1     1.42 
 INRC1863    682,821   1,586,912   325   90   -60    200      74      75       1     0.60 
                                                              81      82       1     1.39 
                                                              87      88       1     0.52 
                                                              93      95       2     1.34    1m @ 2.13 g/t Au 
                                                              99      114     15     2.34    4m @ 5.57 g/t Au 
                                                              138     141      3     0.79 
                                                              153     155      2     1.66    1m @ 2.51 g/t Au 
 INRC1864    683,052   1,587,211   328   90   -60    150      36      41       5     2.41    1m @ 7.11 g/t Au 
 INRC1865    683,012   1,587,264   328   90   -60    160       2       4       2     0.96 
                                                               8       9       1     0.67 
                                                              50      52       2     3.73    1m @ 5.26 g/t Au 
                                                              79      84       5     1.63    1m @ 4.70 g/t Au 
                                                              100     102      2     2.20 
                                                              105     106      1     4.32 
                                                              134     137      3     3.21    2m @ 4.46 g/t Au 
 INRC1866    682,982   1,587,301   328   90   -60    210      23      32       9     5.34    4m @ 9.87 g/t Au 
                                                                                             1m @ 4.15 g/t Au 
                                                                                              & 1m @ 7.51 g/t 
                                                              38      43       5     2.54           Au 
                                                              50      51       1     0.75 
                                                              55      64       9     2.16    3m @ 4.23 g/t Au 
                                                              70      71       1     1.80 
                                                              86      87       1     0.50 
                                                              106     108      2     0.84 
                                                              139     140      1     7.40 
                                                              162     168      6     0.77 
 INRC1867    682,721   1,586,700   328   90   -60    198      158     165      7     7.37    5m @ 9.58 g/t Au 
                                                              168     170      2     0.66 
 INRC1868    682,708   1,586,613   327   90   -60    210      146     158     12     2.21    6m @ 3.65 g/t Au 
 INRC1869    682,908   1,586,805   327   90   -60    160      76      78       2     0.57 
                                                              113     120      7     3.78    1m @ 24.1 g/t Au 
                                                              137     144      7     1.33    1m @ 3.44 g/t Au 
                                                              149     150      1     3.73 
 INRC1873    682,974   1,586,650   329   90   -60    154      113     114      1     0.51 
                                                              121     122      1     0.63 
 INRC1874    683,105   1,586,751   332   90   -60    100       0      13      13     2.92    5m @ 5.71 g/t Au 
                                                              16      23       7     0.80    1m @ 2.68 g/t Au 
                                                              27      28       1     2.22 
 INRC1875    683,056   1,586,751   331   90   -60    130      38      42       4     0.82 
                                                              45      46       1     2.11 
                                                              56      60       4     1.06    1m @ 2.29 g/t Au 
 INRC1876    683,006   1,586,752   330   90   -60    180      16      17       1     0.61 
                                                              21      24       3     0.78 
                                                              31      33       2     0.91 
                                                              153     154      1     0.56 
 INRC1877    683,105   1,586,801   332   90   -60    100       6      25      19     3.69    10m @ 5.15 g/t Au 
                                                              33      39       6     3.67    4m @ 4.85 g/t Au 
 INRC1878    683,056   1,586,801   331   90   -60    130      11      12       1     0.83 
                                                              24      25       1     0.79 
                                                              34      35       1     0.62 
                                                              48      49       1     0.85 
                                                              57      60       3     1.75    2m @ 2.22 g/t Au 
                                                              64      67       3     0.83 
                                                              76      78       2     0.78 
                                                              82      84       2     0.65 
                                                              101     102      1     1.39 
 INRC1879    683,006   1,586,802   331   90   -60    167      11      33      22     1.08    3m @ 2.73 g/t Au 
                                                                                             1m @ 3.68 g/t Au 
                                                                                              & 1m @ 3.21 g/t 
                                                              38      44       6     2.17           Au 
                                                              67      68       1     0.60 
                                                              103     105      2     0.86 
 INRC1881    683,055   1,586,851   332   90   -60    130      69      74       5     1.57    3m @ 2.08 g/t Au 
 INRC1882    683,005   1,586,851   331   90   -60    162      11      15       4     2.37    1m @ 3.41 g/t Au 
                                                              21      29       8     2.83    4m @ 4.42 g/t Au 
                                                              64      66       2     1.56    1m @ 2.42 g/t Au 
                                                              104     105      1     1.00 
 INRC1883    682,907   1,587,706   344   90   -60    194      141     145      4     0.70 
                                                              161     168      7     3.26    5m @ 4.25 g/t Au 
 INRC1884    682,673   1,586,365   324   90   -60    196      105     106      1     2.02 
                                                              133     137      4     1.40    1m @ 2.00 g/t Au 
                                                              140     150     10     2.00    1m @ 3.53 g/t Au 
 INRC1885    682,675   1,586,450   325   90   -60    186      116     117      1     0.55 
                                                                                             8m @ 4.13 g/t Au 
                                                                                              & 2m @ 4.89 g/t 
                                                              126     150     24     2.29           Au 
                                                              153     154      1     1.48 
 INRC1886    682,700   1,586,450   325   90   -60    208      99      123     24     1.68    5m @ 4.38 g/t Au 
 INRC1895    682,932   1,587,765   344   90   -60    210      103     106      3     0.55 
                                                              113     114      1     0.95 
                                                              119     120      1     0.74 
                                                              131     132      1     0.61 
                                                              142     143      1     0.54 
 INRC1896    682,885   1,587,758   344   90   -60    217      176     177      1     0.54 
 INRC1901    682,712   1,586,263   323   90   -60     80      38      43       5     0.43 
 INRC1902    682,670   1,586,264   323   90   -60    140      88      89       1     1.35 
                                                              92      96       4     4.67    2m @ 8.07 g/t Au 
                                                              102     103      1     1.03 
 INRC1904    682,738   1,586,313   324   90   -60    100      35      46      11     0.76 
                                                                                             2m @ 4.29 g/t Au 
                                                                                              & 2m @ 2.55 g/t 
 INRC1921    682,858   1,587,162   325   90   -60    270      161     176     15     1.36           Au 
                                                              196     203      7     0.83    1m @ 2.24 g/t Au 
                                                              223     224      1     2.21 
                                                              259     260      1     1.00 
 INRC1927    682,905   1,586,751   327   86   -60   326.15    33      34       1     0.87 
                                                              175     176      1     0.51 
 INRD0074    682,670   1,586,601   327   90   -60    250      74      75       1     1.80 
 INRD0080    682,770   1,586,413   327   90   -60    230      27      28       1     2.45 
                                                              46      49       3     1.10    1m @ 2.10 g/t Au 
                                                              78      81       3     0.91 
                                                              108     109      1     0.85 
                                                              130     131      1     0.79 
                                                                                             3m @ 4.16 g/t Au 
                                                                                              & 1m @ 3.18 g/t 
 INRD0081    682,686   1,586,510   325   86   -60    203      135     148     13     2.07           Au 
 INRD0082    682,873   1,586,701   329   90   -60    192      97      99       2     1.32 
                                                              115     116      1     1.02 
                                                              126     134      8     0.96    1m @ 2.16 g/t Au 
                                                              139     140      1     1.38 
 INRD0083    682,623   1,586,264   323   86   -60    200      138     139      1     1.16 
 INRD0089    682,709   1,586,800   330   90   -60    150      17      18       1     0.58 
                                                              80      81       1     0.59 
 INRD0090    682,683   1,586,413   322   86   -60    150      126     132      6     4.61    3m @ 7.51 g/t Au 
                                                              136     144      8     2.14    5m @ 3.10 g/t Au 
 INRD0091    682,702   1,586,865   330   90   -60    150       0       3       3     6.01    2m @ 8.57 g/t Au 
 INRD0092    682,660   1,586,559   326   90   -60    225      171     174      3     1.82 
                                                             176.5   177.5     1     1.82 
 INRD0093    682,361   1,586,700   324   90   -60   252.15    61      62       1     0.68 
                                                              107     115      8     4.15    2m @ 12.1 g/t Au 
 INRD0094    682,947   1,586,866   331   86   -60   269.5     223     225      2     1.01 
 INRD0095    682,420   1,586,700   325   90   -60    250      22      27       5     1.52    1m @ 4.20 g/t Au 
                                                              40      41       1     0.59 
                                                              44      45       1     0.51 
                                                              109     111      2     0.73 
 INRD0096    682,867   1,586,805   329   86   -60    150       5      10       5     0.87 
 INRD0097    682,865   1,587,552   338   90   -60    326      70      72       2     0.95 
                                                              77      78       1     0.91 
 INRD0098    682,905   1,587,547   339   90   -60    232      18      19       1     0.60 
                                                              118     119      1     0.88 
                                                              122     131      9     10.3    6m @ 14.9 g/t Au 
                                                              134     137      3     2.37    1m @ 3.25 g/t Au 
                                                              142     150      8     0.98 
 INRD0103    682,928   1,587,450   341   90   -60    210      158     163      5     1.48    2m @ 3.20 g/t Au 
                                                              175     176      1     1.47 
 INRD0134    682,836   1,587,262   336   90   -60    192      49      50       1     0.69 
 INRD0136    682,844   1,587,400   340   86   -60    200      153     154      1     3.90 
 INRD0137    682,786   1,586,964   325   86   -60    260      63      64       1     0.69 
                                                              139     140      1     0.53 
                                                              146     153      7     0.62 
                                                              158     166      8     7.21    5m @ 10.7 g/t Au 
----------  --------  ----------  ----  ---  ----  -------  ------  ------  ------  ------  ------------------ 
 
 

Notes: 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 and triple tube wireline diamond drilling techniques drilled by Boart Longyear & West African Drilling Services

All samples have been prepared and analysed by SGS Laboratories in Ouagadougo, Burkina Faso and Intertek Testing Services in Tarkwa, Ghana

Gold has been analysed by fire assay using a 50 gram charge

All sample batches have passed Avocet's QAQC protocols

TABLE 4 - SUMMARY OF DRILLHOLE INTERCEPTS AT INATA SOUTH

 
                                                                                Grade 
   Hole                                              EOH   From   To    Width    (g/t 
     ID       East       North     RL    Az    Dip   (m)    (m)   (m)    (m)     Au)        Including 
 INRC1585    682,102   1,583,952   326    0    -60   75     2      5      3     0.65 
                                                            43    44      1     1.51 
                                                            48    50      2     1.04 
 INRC1586    682,056   1,583,951   327    0    -60   75     6      8      2     0.92 
                                                            12    15      3     0.92 
                                                            19    42     23     0.74 
                                                            48    49      1     0.51 
                                                            54    56      2     1.21 
 INRC1587    682,006   1,583,951   327    0    -60   85     76    78      2     0.71 
 INRC1589    681,909   1,583,951   328   90    -60   75     29    30      1     1.21 
 INRC1617    682,354   1,584,354   320   90    -60   200    94    97      3     0.61 
 INRC1619    682,353   1,584,406   320   90    -60   183   129    137     8     1.19     2m @ 2.98 g/t Au 
                                                           169    170     1     0.94 
 INRC1620    681,759   1,583,950   329   360   -60   75     12    15      3     0.83 
                                                            62    63      1     0.92 
 INRC1663    682,352   1,584,501   319   90    -60   156    49    50      1     0.62 
                                                           101    102     1     0.52 
                                                           121    122     1     0.89 
                                                           126    127     1     0.85 
                                                           141    143     2     0.60 
 INRC1665    682,251   1,584,501   320   90    -60   168   148    149     1     0.53 
 INRC1667    682,427   1,584,550   318   90    -60   149    88    92      4     0.70 
 INRC1668    682,404   1,584,600   318   90    -60   147   110    113     3     0.62 
                                                           122    128     6     2.28     2m @ 4.53 g/t Au 
 INRC1669    682,350   1,584,601   318   90    -60   162    13    14      1     0.67 
                                                           160    161     1     0.65 
 INRC1673    682,392   1,584,710   317   90    -60   168    24    26      2     0.56 
                                                            29    34      5     1.45     1m @ 2.46 g/t Au 
                                                           141    144     3     0.56 
                                                           153    154     1     0.70 
 INRC1674    682,440   1,584,702   315   90    -60   174    82    87      5     0.67 
                                                            97    98      1     0.87 
                                                           101    102     1     0.67 
                                                           128    129     1     0.50 
 INRC1675    682,482   1,584,801   315   90    -60   150    65    77     12     0.67     1m @ 3.13 g/t Au 
 INRC1676    682,455   1,584,851   315   90    -60   152    96    102     6     0.65 
                                                           109    114     5     0.69 
                                                           120    126     6     1.83     1m @ 4.64 g/t Au 
 INRC1677    682,568   1,584,902   313   90    -60   182    11    14      3     0.51 
                                                            18    19      1     0.73 
 INRC1678    682,469   1,584,901   314   90    -60   173    24    25      1     0.55 
                                                            86    90      4     2.77     3m @ 3.20 g/t Au 
                                                            97    123    26     7.35    13m @ 13.8 g/t Au 
                                                           126    129     3     1.22 
 INRC1683    682,694   1,585,201   312   90    -60   177    39    41      2     0.55 
                                                            53    55      2     0.63 
 INRC1684    682,644   1,585,201   312   90    -60   183    59    61      2     2.19 
                                                            65    71      6     2.64     3m @ 3.57 g/t Au 
                                                            85    86      1     0.82 
                                                            89    90      1     0.64 
                                                            99    100     1     1.18 
 INRC1685    682,694   1,585,251   313   90    -60   168    11    12      1     0.53 
                                                            17    18      1     0.62 
                                                            59    63      4     0.71 
 INRC1686    682,645   1,585,251   312   90    -60   182    78    80      2     0.71 
                                                            88    90      2     1.28 
                                                                                        1m @ 3.66 g/t Au & 
                                                           104    114    10     2.16     1m @ 7.65 g/t Au 
 INRC1687    682,647   1,585,353   313   90    -60   128   114    117     3     0.58 
 INRC1688    682,668   1,585,401   314   90    -60   147    90    97      7     1.95     1m @ 7.77 g/t Au 
                                                           102    103     1     0.87 
 INRC1689    682,670   1,585,454   315   90    -60   162    95    99      4     1.03 
                                                           103    107     4     2.69     1m @ 6.92 g/t Au 
                                                           120    123     3     0.64 
                                                           128    130     2     1.04 
                                                           138    139     1     2.31 
 INRC1690    682,649   1,585,501   315   90    -60   165   151    155     4     1.79     1m @ 4.26 g/t Au 
                                                           158    160     2     0.73 
 INRC1691    682,624   1,585,501   315   90    -60   176   168    169     1     0.85 
 INRC1692    682,575   1,585,700   317   90    -60   162    66    70      4     0.88 
                                                           127    133     6     1.47     1m @ 4.36 g/t Au 
 INRC1694    682,572   1,585,798   318   90    -60   127   122    123     1     0.80 
 INRC1695    682,608   1,585,863   318   90    -60   146    5      6      1     1.39 
                                                           100    107     7     0.94 
                                                           111    114     3     1.16     1m @ 2.23 g/t Au 
                                                           117    118     1     0.53 
                                                           121    122     1     0.60 
                                                           133    138     5     0.72     1m @ 2.01 g/t Au 
 INRC1696    682,583   1,585,863   318   90    -60   135    82    83      1     0.58 
                                                           125    126     1     3.77 
 INRC1697    682,598   1,585,901   319   90    -60   154   112    113     1     1.14 
                                                           116    117     1     1.04 
                                                           125    126     1     0.80 
 INRC1699    682,637   1,585,963   320   90    -60   192    51    52      1     0.51 
                                                            55    59      4     0.66 
                                                            71    72      1     0.64 
                                                            89    90      1     0.57 
                                                            95    98      3     1.28 
                                                           116    117     1     2.11 
                                                           142    144     2     0.83 
                                                           149    150     1     0.74 
                                                           173    174     1     0.79 
 INRC1796    683,002   1,585,797   319   90    -60   75     35    36      1     1.16 
 INRC1798    683,107   1,585,800   319   90    -60   75     0      3      3     1.44     1m @ 2.13 g/t Au 
                                                            14    19      5     0.85 
                                                            31    32      1     0.97 
 INRC1799    683,162   1,585,801   319   90    -60   75     37    38      1     0.80 
                                                            41    42      1     0.50 
 INRC1804    682,306   1,584,201   323    0    -60   100    30    31      1     1.03 
                                                            37    42      5     1.37     1m @ 3.06 g/t Au 
                                                            49    56      7     0.64     1m @ 2.22 g/t Au 
 INRC1805    682,258   1,584,201   323    0    -60   100    93    96      3     0.51 
 INRC1816    683,006   1,585,001   311   90    -60   80     64    65      1     0.62 
 INRC1825    682,208   1,585,001   314   90    -60   75     17    18      1     0.72 
 INRC1829    682,008   1,585,000   316   90    -60   75     59    60      1     0.50 
 INRC1830    682,663   1,585,350   320   90    -60   138    81    93     12     1.84     6m @ 3.09 g/t Au 
                                                           100    101     1     0.84 
                                                           107    108     1     0.80 
 INRC1831    682,665   1,585,550   315   90    -60   138    66    73      7     1.50     1m @ 6.09 g/t Au 
                                                            78    85      7     1.41     1m @ 4.70 g/t Au 
                                                            92    96      4     0.50 
 INRC1832    682,650   1,585,663   317   90    -60   150    61    69      8     5.08     2m @ 16.1 g/t Au 
 INRC1833    682,648   1,585,762   318   90    -60   150    5      6      1     0.61 
                                                            10    14      4     1.38 
                                                                                        1m @ 3.12 g/t Au & 
                                                            57    71     14     2.27     1m @ 17.2 g/t Au 
                                                                                        2m @ 3.21 g/t Au & 
                                                            74    90     16     1.21     1m @ 2.88 g/t Au 
 INRC1834    682,611   1,585,949   319   90    -60   171   109    110     1     0.50 
                                                           113    116     3     1.25     1m @ 2.03 g/t Au 
                                                           126    127     1     0.77 
                                                           132    135     3     0.37 
                                                           142    145     3     6.02     2m @ 8.30 g/t Au 
                                                           168    169     1     0.50 
 INRC1835    682,638   1,586,001   320   90    -60   174    68    69      1     0.76 
                                                           102    105     3     2.80     1m @ 6.95 g/t Au 
                                                           132    133     1     1.48 
                                                           149    150     1     0.60 
 INRC1837    682,546   1,586,002   320   90    -60   150   114    115     1     0.98 
 INRC1838    682,674   1,586,066   321   90    -60   150    65    72      7     0.68 
                                                           144    146     2     0.78 
 INRC1839    682,651   1,586,066   321   90    -60   150    49    50      1     0.66 
 INRC1839    682,651   1,586,066   321   90    -60   150    97    98      1     0.65 
 INRC1840    683,001   1,586,000   324   90    -60   200    98    100     2     0.56 
                                                           117    122     5     7.25     3m @ 11.5 g/t Au 
 INRC1841    683,052   1,585,999   324   90    -60   175    31    32      1     3.16 
                                                           114    115     1     0.60 
 INRC1842    683,100   1,586,000   324   90    -60   200    4     10      6     2.04     2m @ 2.94 g/t Au 
                                                            20    22      2     1.94 
                                                                                        1m @ 4.62 g/t Au & 
 INRC1844    682,570   1,585,601   315   90    -60   200   150    161    11     1.68     1m @ 5.97 g/t Au 
 INRC1930    682,900   1,586,001   323   86    -60   320    60    61      1     0.76 
 INRD0101    682,561   1,585,762   317   86    -60   126    99    101     2     0.70 
 INRD0104    682,527   1,585,700   316   86    -60   111    0      1      1     1.66 
                                                            90    91      1     1.39 
 INRD0109    682,548   1,585,601   315   86    -60   114    53    54      1     0.62 
 INRD0110    682,716   1,585,304   313   86    -60   150    14    16      2     0.74 
                                                            21    23      2     0.75 
                                                            26    27      1     0.56 
                                                            96    97      1     0.94 
                                                           100    101     1     0.76 
 INRD0111    682,385   1,584,853   315   86    -60   150    87    94      7     1.90     2m @ 4.25 g/t Au 
 INRD0113    682,433   1,584,792   315   86    -60   120    8      9      1     0.82 
                                                            89    90      1     1.35 
----------  --------  ----------  ----  ----  ----  ----  -----  ----  ------  ------  ------------------- 
 
 

Notes: 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 and triple tube wireline diamond drilling techniques drilled by Boart Longyear & West African Drilling Services

All samples have been prepared and analysed by SGS Laboratories in Ouagadougo, Burkina Faso and Intertek Testing Services in Tarkwa, Ghana

Gold has been analysed by fire assay using a 50 gram charge

All sample batches have passed Avocet's QAQC protocols

TABLE 5 - SUMMARY OF DRILLHOLE INTERCEPTS AT MINFO & MINFO EAST

 
                                                                                   Grade 
   Hole                                              EOH   From     To     Width    (g/t 
     ID       East       North     RL    Az    Dip   (m)    (m)     (m)     (m)     Au)    Including 
----------  --------  ----------  ----  ----  ----  ----  ------  ------  ------  ------  ------------------- 
 INDD0091    682,451   1,583,081   324   360   -60   266   44.4    46.5     2.1    1.22 
                                                           243.5   245.5     2     1.38 
                                                           249.5   251.5     2     0.51 
                                                           259.5   263.5     4     1.47    2m @ 2.42 g/t Au 
 INRC1611    682,260   1,583,177   326    0    -60   144    33      34       1     0.79 
                                                            38      39       1     0.75 
 INRC1614    682,360   1,583,148   325    0    -60   194    32      33       1     1.23 
                                                            42      43       1     1.04 
                                                            64      65       1     1.26 
 INRC1615    682,402   1,583,129   325    0    -60   175    13      14       1     0.75 
                                                            24      25       1     0.98 
                                                            33      34       1     0.54 
                                                            69      70       1     0.72 
 INRC1897    683,250   1,582,888   318   356   -60   110    30      32       2     0.53 
                                                            37      42       5     1.12 
                                                            47      56       9     1.13    1m @ 2.80 g/t Au 
                                                            59      60       1     2.47 
                                                            63      64       1     0.64 
                                                            67      69       2     1.98    1m @ 3.19 g/t Au 
                                                            74      75       1     0.50 
                                                            82      83       1     0.61 
                                                            88      89       1     0.50 
 INRC1898    683,153   1,582,907   319   356   -60   120    44      52       8     1.45    2m @ 3.70 g/t Au 
                                                                                           1m @ 2.38 g/t Au & 
                                                            57      68      11     1.28    2m @ 2.68 g/t Au 
                                                            78      80       2     2.60    1m @ 4.27 g/t Au 
                                                            90      91       1     0.57 
 INRC1899    683,101   1,582,916   320   356   -60   130    54      59       5     2.03    2m @ 4.24 g/t Au 
                                                            62      74      12     2.15    8m @ 2.68 g/t Au 
                                                                                           7m @ 4.03 g/t Au & 
                                                            77      97      20     2.12    1m @ 2.07 g/t Au 
                                                            101     105      4     0.55 
                                                            126     127      1     0.76 
 INRD0129    682,652   1,582,955   322   356   -60   231    75      87      12     1.03    3m @ 2.38 g/t Au 
                                                            90      98       8     1.30    1m @ 2.60 g/t Au 
 INRD1612    682,260   1,583,122   325    0    -60   267    44      65      21     0.86    1m @ 2.56 g/t Au 
 INRD1613    682,309   1,583,133   325    0    -60   210     4       7       3     0.44 
                                                            17      18       1     1.59 
                                                            39      42       3     0.78 
                                                            57      59       2     0.94 
                                                            85      86       1     0.57 
                                                                                           1.8m @ 3.41 g/t Au 
                                                                                            & 4.4m @ 9.93 g/t 
 INRD1728    682,005   1,583,137   326    0    -60   261    118     131     13     4.50     Au 
                                                            141    142.8    1.8    0.78 
                                                            148     149      1     0.50 
                                                           151.7   155.1    3.4    1.66    1.1m @ 2.39 g/t Au 
                                                            254     258      4     0.97 
----------  --------  ----------  ----  ----  ----  ----  ------  ------  ------  ------  ------------------- 
 
 

Notes: 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 and triple tube wireline diamond drilling techniques drilled by Boart Longyear & West African Drilling Services

All samples have been prepared and analysed by SGS Laboratories in Ouagadougo, Burkina Faso and Intertek Testing Services in Tarkwa, Ghana

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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