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16.5¢ avanco resources limited

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archer

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23/10/14

16:43

Post #: 14171666
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Originally posted by PGFin ↑

The announcement today about commencement of exploration states -

"that a drill rig has been mobilised to systematically test five targets identified within the company's land portfolio".

It then goes on to list four being;

1. East Pedra Branca
2. Sao Pedro
3. Agua Azul
4. Rio Branco

A little unusual I thought....and then goes on to say "further priority target(s) expected to be identified".

Perhaps management have a tenement in mind of the "fifth" target, which is yet to granted by DNPM?

I think the answer may be in the final paragraph of the announcement titled "Target Generation". Read this paragraph very carefully paying attention to the words used. The statement is quite specific and that "additional targets willbe identified" and that "these projects include advanced exploration/development packages that management considers to be of very high quality".

I wonder if AVB has been offered some ground to explore.

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Wouldnt be one of those VOR tenements?

AVB Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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