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ADV Group - First drillhole at Jabal Sayid intersects 122.0m at 2.74%Cu ADV Group Limited (ASX : ADS) is pleased to release assay results from the first diamond core drillhole completed at the Jabal Sayid Copper Project, near Jeddah in the Kingdom of Saudi Arabia. Hole BDH-2004 returned an intersection of 122m at 2.74%Cu, 0.22g/t Au, 5g/t Ag and 0.08% Zn from 111m to 233m downhole including 29m at 3.20% Cu, 5m at 6.69% Cu (included in the 29m) and 33m at 3.42% Cu. Drillhole BHD-2004 was sited on Zone 2 and targeted to be drilled vertically through the main stringer or stockwork zone. The aim of BDH-2004 was twofold; to verify the known sulphide mineralisation and to examine the distribution of potential open-cuttable ore grade mineralisation around the known sulphide mineralisation which was defined using a 1.5% copper cut-off. Details of the intercept are shown in the table below. Commenting on the first drill results ADV Group Chairman, Mr Fletcher Quinn, said:- “This is an exceptional result for many reasons; The copper grade, over the entire intersection is more than double what was expected. Vertex has outlined an open pittable target of 100-150mt at 1-1.5% copper based on the 50 kms of previous drilling. Subject to continued success from the current drilling program , the grade of the open cut target may indeed prove to be conservative. The drilling has confirmed the existence of extensive open-cut ore grade mineralisation around and between the previously defined higher grade mineralisation. The higher grade mineralisation was reported as approximately 54 metres in this location by the BRGM compared to the current 122 metre intersection.” It confirms our view that Jabal Sayid is likely to rapidly emerge as a world class orebody.” Zone 2 is the second smallest of four known deposits at Jabal Sayid. Zone 2 has been interpreted by past workers as a feeder ‘stockwork’, primarily comprising chalcopyrite mineralisation in altered acid pyroclastics. It is fault bounded, but open in depth and not yet traced through the bounding faults. The orientation of this predominantly fault bounded body is not understood. Therefore it is not possible to identify at this time whether this intercept is a true width or drilled in a less favourable orientation. The nearest comparable hole to drillhole BDH-2004, is BRGM drillhole SA42. SA42 is located approximately 20m from BDH-2004 and is also a vertical hole. SA42 intersected 139m at 1.27%Cu from 91m to 230m downhole. This included 54m at 2.06%Cu (the higher grade mineralisation defined by the BRGM) from 113m to 166m downhole. Data on analyses for Au, Ag, Zn and Pb has not yet been located from the archives of the Saudi Geological Survey (SGS). Table of results From To Intercept Cu % Au g/t Ag g/t Zn % 49.0 67.0 18.0 0.02 0.06 1.3 0.69 98.0 100.0 2.0 2.58 1.54 18.9 0.27 111.0 233.0 122.0 2.74 0.22 5.0 0.08 Incl. 115.0 144.0 29.0 3.20 0.24 4.4 0.10 And 132.0 137.0 5.0 6.69 0.58 10.3 0.08 Incl. 179.0 212.0 33.0 3.42 0.37 7.4 0.16
A second drillhole, BDH-2005, has been completed on Zone 2 with assay results pending. Four similar holes have also already been completed on Zone 1 with samples submitted for assay and four holes are planned for Zone 4 commencing in December 2006. Vertex is currently undertaking gossan drilling where lodes outcrop at surface and will be re-assaying selected sections of past drillholes. Results of this work will be reported when they become available. Note 1: All the BRGM Cu analyses were undertaken by acid digest AAS techniques common to that time with rigorous standards and duplicate check procedures. All the BRGM drillholes were downhole surveyed using downhole camera technology. All the Vertex analytical work has been undertaken by Al Amri laboratories using similar techniques for base metals and fire assay (50g) for Au. Vertex sampled half HQ core (cut with a diamond core saw) at 1m intervals. Note 2: The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Ralph Stagg, who is a Member of the Institution of Materials, Mining and Metallurgy, a Chartered Engineer and a Fellow of the Australasian Institute of Mining and Metallurgy, a Chartered Professional, and is the technical director of Bariq Mining. Ralph has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Ralph consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. A full description of the Jabal Sayid project and the current drilling program is contained in the ASX Release dated November 8 2006. Background on Vertex Vertex has an exciting portfolio of Copper, Gold, and other Base and precious metal projects on the Arabian Shield in Saudi Arabia. The projects are held by Vertex’s 70% owned Saudi Arabian operating subsidiary Bariq Mining Ltd (“Bariq”). Bariq is currently earning a 50% interest in the Jabal Sayid project and holds a 100% interest in other projects including: Jabal Shayban: gold/copper project is located on the Shayban Mineral belt, the south-eastern extension of the Mahd Adh Dhahab/Jabal Sayid mineral belt. A JORC compliant Measured and Indicated resource of 1.8Mt at 2.7 g/t Au, 23.1 g/t Ag and 0.47% Cu (253,000 oz Au Equiv.) was reported by the previous operator in 1999. Jabal Baydan: zinc/gold project is located 10km from Jabal Shayban. An exploration target size for the mineralisation of 0.5-0.7 Mt at 15-18% Zn (100,000 t Zn) and 1-3 g/t Au (~40,000 oz Au) was estimated by a previous operator based on 24 drillholes. Lahuf: is located 6 km from Mahd Adh Dhahab gold mine, a World-class epithermal gold project where historically more than 6 M oz of gold production has taken place. Lahuf has a JORC compliant Measured and Indicated resource of 1.2 Mt at 2.83 g/t Au (113,000 oz Au) and an Inferred resource of 0.4 Mt at 2.0 g/t Au (23,000 oz) in shallow, mainly oxide breccia veins reported by the previous operator in 1999. Bari: project consists of lightly explored ancient gold workings covering a strike extent of some 1.4 km. Previous drill results included 39m at 7.32 g/t Au, 12.86 g/t Ag and 1.2% Zn and 84m at 6.75 g/t Au and 5.1 g/t Ag. Wadi Kamal: project is a virtually unexplored layered ultramafic complex where the only recorded drill hole intersected 17m 0.53% Ni and 0.23% Cu with PGE’s up to 1.2 g/t. Muraijib-Bil’iwy: project where limited (3) trenching of a major alteration system which cover areas varying from 150 m2 to 1,000 m2 intersected 32m at 1.75 g/t Au and 12m at 1.8 g/t Au. For further information please contact: Fletcher Quinn (Director) or Kris Knauer (Director) (07) 3303 0625 (02) 9375 0108 2