Golden drill results for market darlingTHOSE who attended the...

Golden drill results for market darling
THOSE who attended the recent Diggers & Dealers bash reckon that there was only one junior gold stock worth bothering with - Rohan Williams' Avoca Resources.

A market darling thanks to its Higginsville/Trident gold project in WA, Avoca's share price has nevertheless being doing it tough because of the retreating US-dollar gold price.

Back in May, Avoca commanded as much as $2.86 a share. By last Thursday it was back at $1.62 - a 43% drop.

But Avoca turned the tide on Friday with a 23.5¢ share-price bounce to $1.85 on the strength of drilling results which confirmed its Musket grass roots gold discovery as a shallow, high grade find that remains to be fully outlined.

It has been defined from the surface to depths of more than 120 metres and over a strike length of more than 300 metres.

New (and best) results included 10 metres grading 5 grams of gold a tonne from 54 metres and 8 metres at 5.5 g/tonne from 50 metres.

Musket is a truckable 40 kilometres south-east of the Trident treatment plant and lends weight to the idea that Avoca will, over time, find plenty of life-extending resources for the Higginsville project.