Drilling Program Adds 180 000oz of Gold to M&I Resources at Frog's Leg Mine
Avoca Resources is pleased to report that the ongoing resource delineation program at its 49%equipment used in the limestone quarry plantpage3-owned Frog’s Leg underground gold mine in Western Australia as reported by La Mancha Resources Limited on November 22, 2010, has led to an increase of 180,000 ounces of gold (88,200 attributable to Avoca’s 49% interest) to the mine’s measured and inferred (“M&I”) resources.
Avoca’s joint venture partner, La Mancha Resources has a 51% interest in the Frog’s Leg mine and is operator of the joint venture. La Mancha’s press release is attached to this announcement.
Resource Increase Highlights:
- First half of the exploration program adds 180,000 ounces of gold (88,200 ounces attributable to Avoca) to M&I resources.
- Drill results suggest mineralisation remains thick at depth while resource remains open.
- Management expects further resource growth on completion of the three remaining drill platforms.
Highlights of additional result not yet included in resource update
Preliminary results from second half of drilling campaign returns more high-grade intercepts, including:
- 13.5m @ 8.58 g/t Au with true thickness of 12.3m
- 14.5m @ 7.00 g/t Au with true thickness of 12.1m
- 16.0m @ 7.14 g/t Au with true thickness of 9.9m
- 16.57m @ 6.31 g/t Au with true thickness of 9.7m
Only 45% of all drilling completed is included in the resource update.
Rohan Williams, Chief Executive Officer of Avoca, stated, “We are very pleased with these encouraging results and particularly as the original objective of the program was to add around 150,000 ounces of gold to the Frog’s Leg resource.
“Clearly this objective has been exceeded as to date only 45% of the drill holes completed have been used in this new resource update.”
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