Avocet announces further significant trench assay from S. Sulawesi gold project

UK miner Avocet Mining PLC said Wednesday that it had discovered further positive trenching results from the Mangkaluku gold prospect in South Sulawesi.

The South Sulawesi project is a grass roots exploration initiative designed to identify drilling targets within a known belt of orogenic gold mineralisation.

?The result has confirmed the presence of three zones of sheeted veining hosted by a phyllic-altered, metamorphosed, monzodiorite intrusion,? the company said in statement.

The company said that the most significant zones strike ENE over a distance of 600 metres with widths of up to 200 metres; and NNE over a length of 500 metres with widths of up to 100 metres. Recent exploration suggests that the vein zones extend outside the current project area.

The latest significant trench intersections from the current programme as follows, 36.0m @ 5.40 g/t Au (including 3.0m @ 34.1 g/t Au), 13.4m @ 10.7 g/t Au (incl. 5.1m @ 18.9 g/t Au), 5.0m @ 16.2 g/t Au (incl. 2.0m @ 37.2 g/t Au), 3.0m @ 39.5 g/t Au, 9.0m @ 6.36 g/t Au and 16.5m @ 3.44 g/t Au.

The Company has finished the trenching programmes and is preparing for an initial scout drilling programme across these mineralised structures in 2007.

Avocet is currently finalising agreements to control the ground through the Kuasa Pertambangan (KP) tenement structure which would replace the current SIPP permit (Surat Ijin Penyelidikan Pendahuluan) which acts as a preliminary investigation permit. (denny)