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As part of Avocet's investment
in Dynasty Gold
Corp the Company is investing in the development
of mineable resources at Hatu in northwestern
Xinjiang Province, PRC. The main target at Hatu
is the Qi-2 deposit, which has many similarities
to the Penjom Gold Mine in Malaysia.
A 9,000-metre drilling programme
enabled the Company to prove up a core, high-grade
resource exceeding 500,000 ounces that appears
to be open pittable. Like Penjom, the resource
is open in several directions and has the potential
to grow to become a significant ore body. Avocet
is currently conducting detailed metallurgical
test work of a comprehensive suite of samples
designed to identify an economic solution for
processing the Hatu ores.
The surrounding exploration
leases possess significant exploration potential.
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