Avocet Mining PLC Prospectus December 2011

Avocet Mining PLC
West African Projects
6.19 Economic Analysis
No economic analysis has been conducted for the Koulékoun deposit as the project has not
yet developed to this stage.
6.20 Adjacent Properties
Adjacent areas of interest within the Tri‐K project are Kodieran, Kodiafaran, Fowaro, and
Kourenin.
The Kodieran and Kourournin prospects are located within the Kodieran permit immediately
south of Koulékoun. Located within the Siguiri basin the area is comprised of fine grained
sediments (mainly black shales and grey wackes), with minor granitic batholiths. The
mineralisation occurs in and around structurally controlled contacts with these granites
within a sub‐vertical dipping narrow corridor. Gold mineralisation comprises quartzcarbonate
veins containing massive and disseminated sulphide. Minor levels of
mineralisation are associated with propylitic style alteration selvages.
Approximately 13kms of drilling have been completed on the Kodieran permit during the
2010 / 2011 drilling campaign however; more diamond drilling is required to understand the
geologic fabric and geometry of the mineralised zones. Recent significant intercepts include
31m @ 5.51 g/t gold in KDRC0002, 15m @ 5.25 g/t gold in KDRC0003, 22m @ 3.49 gold g/t
in KDRC0006 and 10m @ 4.54 g/t gold in KDRC0007.
Fowaro is located immediately Southwest of Kodieran. Fifty‐four RC drill holes have been
completed at Fowaro on line spacing from 160m to 320m.
Balandougou is located approximately 40kms northeast of Koulékoun, near the Guinea /
Mali border. Eighty‐five 70m deep AC and RC drill holes have been planned north of the Tri‐K
block project at Balandougou on twelve 160m spaced lines. The programme will test a 2.6km
long NNW striking zone of interest. The mineralisation is considered to occur in steeply
dipping quartz veins in saprolitic fine‐grained sediments. Significant intercepts obtained by
Anglo Ashanti drilling in this area includes, 6m @ 15.98 g/t gold, 17m @ 17.26 g/t gold in the
North and 29m @ 1.53 g/t gold, 11m @ 2.45 g/t gold in the South. The terrain is heavily
weathered up to 130m below surface and, in conjunction with expected low strip ratios,
should permit favourable mining conditions. A second phase of drilling comprised of 40 AC
and RC drill holes will extend mineralisation along strike should the initial phase prove
successful.
6.21 Other Relevant Data and Information
There is no other relevant data or information for this project.
6.22 Interpretation and Conclusions
Koulékoun is an advanced stage gold exploration project located in the Siguiri Basin of
Guinea, which has a strong history of gold production. The project is looked upon in
favourable terms by the local community and government
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