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Trident’s Continued Success Increases Avoca’s FY2010 Production Forecast to 190,000+ Ounces

Monday, June 29th, 2009

ASX 200 mid-tier gold producer, Avoca Resources Ltd announce that continued success at Trident increases Avoca’s FY2010 production forecast to 190,000+ ounces.
Highlights include:
– Increased gold production forecast of 190,000+ ounces from Higginsville in FY2010. Mine production from Trident of 180,000 ounces at a cash cost of A$440 per ounce and additional low grade production of approximately 10,000 ounces at a cash cost of A$684 per ounce. Total production cash costs are estimated at A$468 per ounce.
– Thick and very high grade drill intersections returned from infill grade control drilling of a rich area of the Athena Lodes include:
. 8.0m @ 179.0 g/t gold
. 10.0m @ 104.0 g/t gold
. 7.0m @ 55.7 g/t gold
. 10.4m @ 52.1 g/t gold
. 26.2m @ 36.9 g/t gold
. 24.0m @ 36.4 g/t gold
. 20.0m @ 25.0 g/t gold
– Drilling beneath the lower resource boundary at Trident has successfully intersected high grade Athena-like mineralisation. Specifically, exploration drilling has intersected 2.9m @ 19 g/t gold in an Athena Lode-type intersection at 900m below the surface, being 150m beneath the existing Trident resource boundary. The new intersection confirms the strong down-plunge ore continuity of the Trident gold system which remains open.
Avoca is continuing to unlock additional value at Higginsville with its aggressive exploration program and is achieving excellent results. Drilling beneath the lower resource boundary at the Trident underground gold mine has successfully intersected high grade Athena-like mineralisation, confirming the Trident orebody remains open at depth and will likely extend mine life.
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