Avoca Resources Ltd (AVO) has had samples being assayed from its Mt Fisher Gold Project over the past few weeks, and their imminent release (combined with a strengthening gold price) could account for the renewed interest.
In early April, Tropical Cyclone Fay put paid to a planned 20-hole drill program after only five holes had been drilled. The results from those five holes, however, were MOST exciting. ALL PANNED VISIBLE GOLD, with some standout intersections being:
1 metre at 187.0 g/t Au from 71 metres in MTFC009 4 metres at 6.3 g/t Au from 45 metres in MTFC010 2 metres at 3.8 g/t Au from 48 metres in MTFC008
Drill hole MTFC009 which intersected 1m @ 187 g/t Au was drilled 25M AWAY FROM A PREVIOUSLY REPORTED HIGH-GRADE INTERCEPT (MTFC002) which intersected 5m @ 35.4 g/t Au, suggesting a possible northerly shoot plunge to the high-grade mineralisation.
Now the balance of the drilling program has been completed and, as I say, results are pending.
Interestingly, I am informed the Company is keen to keep the rig on-site at Mt Fisher!
AVO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
