trident ignites avoca

From Mining News.
Wednesday October 5th, 2005.

Market interest in Avoca Resources was ignited this morning after the junior recorded a spectacular gold intersection at its Trident gold deposit, part of the emerging Higginsville gold project in W.A.

A diamond hole hit of 27m grading 88gpt gold - including a 10m interval grading 229gpt - saw Avoca shares jump nearly 40%, as investors digested the implications for the planned development of Trident next year.

The intersection was made at the projected confluence of the Western Zone " and the Athena Lode with indications being that the interpretation was spot-on given the two "characteritic" styles of mineralisation noted in the drill core.

The intersection was made some 40m from previous drilling and 20m from the Western Zone "resource envelope" being scoped in the pre-feasibility study.

The Western Zone strikes over some 240m and contains an indicated 2.13 million tonnes grading 5.1gpt for 348,500oz, with Trident having total indicated and inferred resources of 485,000 ounces.

The pre-feasibility is due to be completed this month.
Development considerations include either a standalone development (at possibly 60,000oz per annum) or toll treatment at Gold Fields' St Ives plant.

Today,s news will make clients of Southern Cross Equities and Paterson Securities particularly happy, given last month the two brokerages acted as joint lead manager in the placement of 2.5 million shares worth $1 million.
The drilling success also backs the positive noises being made about Avoca in recent months, with the junior rated one of the standout prospects to emerge from the recent Diggers & Dealers forum.

Shares in Avoca were up 13.5c (28.4%) at .61cents in afternoon trade.