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Cours Or & Argent

Avoca Resources Limited

Publié le 04 juin 2009

Record Monthly Gold Production of 20,457oz From Trident

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4 June 2009

 

RECORD MONTHLY GOLD PRODUCTION OF 20,457oz FROM TRIDENT

 

Highlights

 

?         Avoca produced 20,457 ounces from its Trident underground gold mine in the month of May.

 

?         Reconciled treatment for May from the Higginsville plant was 105,841 tonnes at 6.2 g/t gold.  Gold recovery of 97.6% is also a new monthly record. 

 

?         The 1005 Level Western Zone stope contributed 37,088 tonnes (or 36% of the mill feed) at a grade of 8.5 g/t gold.

 

 

ASX 200 mid-tier gold producer, Avoca Resources Ltd (ASX:AVO), is pleased to announce a new monthly production record from its Trident underground gold mine, located south of Kalgoorlie in Western Australia. 

 

During the month of May 105,841 tonnes at 6.2 g/t gold was processed for production of 20,457 ounces, with gold recovery of 97.6%. Several ore sources from Trident contributed to May?s mill feed with the major mining locations being: 1005 Level Western Zone (36%), 1041 Level Western Zone (23%), development headings from Western Zone, Eos and Athena (17%); surface stocks (10%) and Athena stoping (6%).  Miscellaneous sources comprised 8% of the mill feed. Importantly the reconciled grade for the dominant 1005 Level Western Zone stope was 8.5 g/t gold.

 

Avoca Managing Director, Mr Rohan Williams, said ?this is an excellent performance from Trident and our management team at Higginsville. It is very rewarding to see record production grades well in excess of the Trident reserve grade together with record plant recoveries at almost 98%. We look forward to continuing the strong production performance we know the mine is capable of.? 

 

Mr Williams added that Avoca remained confident it would produce 180,000 ounces in financial year 2009/2010, at cash costs of approximately A$450 per ounce.

 

 

 

For further information please contact:

 

Avoca Resources: Rohan Williams, 08 9226 0625

 

Purple Communications: Warrick Hazeldine, 08 6314 6300 / 0417 944 616

 

 

 

Please Note:

Not for dissemination in the United States, or over U.S. newswire services.

 

Avoca Background

 

Avoca is an ASX 200 gold mining and exploration company based in Perth, Western Australia. Avoca has grown rapidly since its listing in 2002, and its acquisition of the Higginsville exploration project in 2004, located 130km south of Kalgoorlie.

 

Following the discovery of the Trident underground gold mine at Higginsville in late 2004, and the subsequent construction of the Higginsville Gold Project which included a new 1 million tonne per annum CIL treatment facility built on time and under budget; it poured its first gold bar on 1 July 2008.  The time taken from exploration project acquisition to gold pour was exactly four years.  Presently, Trident is Western Australia?s third largest underground gold mine and has recently commenced mining the thick and high grade 1005 level, which has contributed to record gold production levels.  Avoca remains confident it will produce 180,000 ounces of gold in FY2010 at a cash cost of A$450 per ounce (not including royalties).

 

Avoca has a highly credentialed management team with considerable expertise in exploration, project development and underground mining.  Avoca?s managing director, Rohan Williams, has more than 15 years experience in the region having worked as a geologist at the +15 million ounce St Ives field immediately north of Higginsville, and the +6 million ounce Norseman field immediately to the south. 

 

The Avoca Board is confident that its management team will continue to expand and develop the existing 1.45 million ounce Higginsville resource base into realising its goal of a +10 year mine life for Higginsville.  

 

Issued by

 

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 6314 6300 Fax: 08 6314 6355

purple@purplecom.com.au

 

 

 

 

Avoca Resources Limited

CODE : AVO.AX
ISIN : AU000000AVO0
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Avoca Res. est une société de production minière basée en Australie.

Avoca Res. est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,0 milliards AU$ (1,0 milliards US$, 750,8 millions €).

La valeur de son action a atteint son plus bas niveau récent le 21 février 2003 à 0,09 AU$, et son plus haut niveau récent le 12 novembre 2010 à 3,79 AU$.

Avoca Res. possède 303 301 781 actions en circulation.

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Rapports annuels de Avoca Resources Limited
2008 annual report
Nominations de Avoca Resources Limited
08/09/2009Dioro Appoints Three Avoca Nominees to Board
Projets de Avoca Resources Limited
09/10/2009(Trident Gold Mine)50,584 Ounce Q1 Production From Trident At A$428 Cash Operat...
04/06/2009(South Kalgoorlie Gold Mine)Record Monthly Gold Production of 20,457oz From Trident
29/05/2009(Higginsville - Trident)High Grade Gold Production Continues
21/03/2007New high grade drill results provide potential early ore sou...
Communiqués de Presse de Avoca Resources Limited
20/02/2011Anatolia and Avoca Resources complete merger to become Alace...
29/12/2009Announces Unconditional Takeover Offer for Dioro Valued at $...
20/08/2009reaches 44.85% at close of Offer for Dioro
19/08/200935.29% with further Baker Steel acceptances to come
19/08/200936.46 % following Baker Steel acceptances
17/08/2009Response to Dioro's 8th Supplementary Target's Statement
11/08/2009extends for 1 week and declares Offer FINAL
27/07/2009 Extends Offer Period While it Awaits Full Disclosure From D...
22/07/2009Increases its Dioro Shareholding to 20.23%
21/07/2009Increases its Dioro Shareholding to 19.03%
20/07/2009Extends Offer Period Due to Questionable Dioro Tactics
03/07/2009Record 52,118 Ounce June Quarter at Trident
29/06/2009Trident's Continued Success Increases Avoca's Y2010 Producti...
10/06/2009Pala Converts A$14.8M of Convertible Bonds
29/05/2009Dioro Target's Statement
06/03/2007 MAJOR NEW ORE POSITION DISCOVERED AT TRIDENT
19/02/2007Trident Underground Development Commences
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