AVB 0.00% 16.5¢ avanco resources limited

[Source: www.*.com.au]Avanco Resources eyes...

  1. 25,108 Posts.
    [Source: www.proactiveinvestors.com.au]

    Avanco Resources eyes maiden JORC copper, gold Resource for Antas North in Brazil
    Monday, November 28, 2011 by Angela Kean

    Avanco Resources (ASX: AVB) has delineated continuous mineralisation over more than 300 metres of strike and more than 200 metres vertically below surface from the latest round of drilling at its Antas North Prospect in Brazil.

    Highlight intersections include 30.35 metres at 7.23% copper and 1.89 grams per tonne (g/t) gold from 139.65 metres and 10.4 metres at 8.06% copper and 9.46g/t gold from 161.4 metres.

    Importantly, Avanco is confident of continuing success at the Rio Verde Copper Project and is progressing the modelling of a maiden JORC resource for Antas North.

    These new intersections follow on from the previous announced results of 75.05 metres at 1.03% copper and 0.19g/t gold from 13.65 metres, and 10.3 metres at 4.15% copper and 0.16g/t gold from 92.9 metres.

    The orebody is a wide and continuous vertical shoot, splitting at the eastern end. Mineralisation has been confirmed open at depth and drilling is continuing.

    Avanco is also planning to drill two massive sulphide strike extensions, identified by a recent VTEM survey, situated at both ends of Antas North.


    Ends.
 
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