Avocet receives significant trench assays from S. Sulawesi gold project

UK miner Avocet Mining PLC announced on Wednesday positive trenching results from a recent exploration campaign over the Mangkaluku prospect in South Sulawesi.

Avocet has identified the potential for at least two orogenic quartz lode systems similar to the mineralisation at the Company?s Penjom gold mine in Malaysia, it said. The prospects are Mangkaluku and Tarra-Siguntu.

The main target, Mangkaluku, has been the focus of exploration in 2006. A grid soil sampling programme has identified an 800 x 1,000 metre gold anomaly.

Avocet currently controls the project through a temporary exploration permit, which is a pre-cursor to the old Contract of Work tenement system. The Indonesian Government is currently drafting a new Mining Law that will form the framework for exploration and mining tenements in the future. In the meantime, Avocet intends to use the Kuasa Pertambangan (KP) tenement structure to maintain control over the South Sulawesi project.(alex)