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more good news for avoca Looking good :)

More good news for Avoca

Michael Vaughan
Wednesday, 9 August 2006

SHARES in the brightest emerging gold play in Australia – Avoca Resources – broke the $1 mark for the first time yesterday, ticking off another milestone in the great hope of Australia's domestic gold industry.



Avoca managing director Rohan Williams

Speaking at the Diggers and Dealers forum in Kalgoorlie today, Avoca managing director Rohan Williams reflected on the past 12 months where the company has delivered 1.1 million ounces of resources at Higginsville in Western Australia and mapped out its path to production by the end of the year.

Williams said after getting production started via toll treatment for 50,000-60,000oz of production in 2007, the company expects to have its own 1 million tonne per annum plant up and running by early 2008.

From this point on, Avoca expects to be a 150,000ozpa producer from Higginsville.

Williams was bullish on the exploration upside at Higginsville based on the prospective regional setting, extensive historic gold production and the lack of drilling at depths greater than 250m.

Many of the deposits in the area are located at depth.

The feasibility study for development of the Trident deposit at Higginsville is on track for completion at the end of the month with market release expected in early September.

Shares in Avoca closed up 2c (1.9%) at $1.05, a record for the company, capitalising it at $156.28 million.



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