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Avoca High Grade Gold Production continues

Friday, May 29th, 2009

Record gold production from Trident of 18,149 ounces for the four week period ending 24 May 2009.

Treatment head grade increases to 6.0 g/t with 96,666 tonnes processed and 97.4 % recovery over the four week period.

Well positioned to meet production targets for FY2010
ASX 200 mid-tier gold producer, Avoca Resources Ltd (ASX:AVO), is pleased to announce record production is continuing at the high-grade Trident gold mine, located south of Kalgoorlie in Western Australia, with 18,149 ounces produced over the four week period to 24 May 2009.
A total of 96,666 tonnes of ore was processed over the four week period at a head grade of 6.0 g/t gold and recoveries of 97.4%. The head grade results were achieved with only 48% of the total ore processed being sourced from the high grade 1005 level Western Zone stope. The results indicate that the estimated reconciled grade of the 1005 level Western Zone stope is 8 g/t gold.
Avoca continues to achieve a processing rate at Trident of between 1.2 to 1.3 million tonnes per annum despite the Trident mill having a nameplate capacity of 1 million tonnes per annum. The increased processing rate has not impacted recovery levels, and the head grade and production levels achieved in the past four weeks leaves Avoca well positioned to meet its production targets for FY 2010.
Avoca Managing Director, Mr Rohan Williams, said that the recent production figures auger well for Avoca’s shareholders.
“The June quarter is shaping up as a watershed period for Avoca, with the ramping up of higher gold production, lower cash costs and stronger operating cash flows.”
“We remain confident in our target to produce 180,000 ounces at cash costs of approximately A$450 per ounce in 2009/2010.”
Mr Williams added that Avoca’s management team is continuing to unlock the significant value in Avoca’s assets by increasing the amount of gold production out of the Trident mine and developing an exploration program that targets a number of exciting prospects in the Higginsville area.
“These are very good results which demonstrate that our highly experienced management team is developing Trident into one of Australia’s premier gold mines The strong cash flows generated by Trident will underpin our aggressive exploration campaign to unlock more value from Higginsville.”

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