The Company is pleased to report the latest copper-gold results...

The Company is pleased to report the latest copper-gold results from the
Antas North Prospect which includes another exceptional intercept:
79.75m at 1.42% Copper and 0.20g/t Gold from 233.00m
? AAND-441 and AAND-492 support the continuation of the ore-body at
depth on both drill sections and a substantial thickening of the
mineralisation in the centre of the breccia pipe.
? AAND-492 contains 40m of mineralised breccia and like AAND-441 is
more than fifty percent wider than the intersection up-dip in hole
AAND-33.
? Recent testing of VTEM (Airborne Electro-Magnetic Geophysical
Survey) targets along strike1 from Antas North has delivered
immediate success with ore grade mineralisation intersected to the
northeast (AAND-46). Results from the first VTEM drill hole
include:
? 2.58m at 3.59% Copper, 0.33g/t Gold from 83.00m AAND-46
? 9.84m at 0.61% Copper, 0.12g/t Gold from 124.00m AAND-46
? AAND-482 was drilled to follow up the mineralisation observed in
AAND-46 and shows continuation of mineralisation at depth. Drill
testing along strike is now considered a priority.
? Another VTEM target is situated to the north of Antas North and
coincident with anomalous soil geochemistry, this has been
interpreted to represent another mineralised body and warrants
priority drilling.
? Latest results from Antas North include:
? 6.50m at 2.43% Copper, 0.06g/t Gold from 63.00m AAND-41
? 79.75m at 1.42% Copper, 0.20g/t Gold from 223.00m AAND-44
? 1.00m at 3.21% Copper, 19.60g/t Gold from 319.00m AAND-44
? 9.25m at 1.42% Copper, 0.90g/t Gold from 212.00m AAND-45
? Sufficient results are available to prepare a maiden JORC resource
estimate for Antas North. Completion is anticipated within weeks
with incremental up-dates expected to follow during first half of 2012.
AVANCO RESOURCES LIMITED
Current hole AAND-50
Matrix sulphides4
VTEM Target AAND-46
VTEM Target AAND-48
These latest results confirm the depth potential at Antas North which is
delineated to represent a discrete breccia pipe open at depth and featuring
very favourable widths and copper-gold grades.
Three rigs are operational at Antas North and a maiden JORC resource
estimate is anticipated within weeks.
Drilling is currently testing the significantly deeper depth extensions and
proximal VTEM targets aiming for incremental growth of the Antas North
resource over the coming months.
Tony Polglase
Managing Director