AVB 0.00% 16.5¢ avanco resources limited

very encouraging

  1. 7,809 Posts.
    Needed some clarification regarding the Nickel drill so I spoke to management today .

    They are giving nothing away (no inside info) because the lab assays are required before they can confirm what they 'suspect' they have discovered . However, the sentiment is one of being 'very encouraged' thus far .

    Nickel is present in three components of the drill just completed : 'gossans', sulphides, and soil .

    Assays will determine the grade, but at this early stage it is more confirmation of mineral presence that is desired, because it is a large area and drilling the best possible position is still unknown .
    If Nickel along with possible copper, gold and platinum are present then they will know for certain that a new resource can justify further thorough exploration .

    Geo physical data and geochemical data, that has advanced dramatically since previous tests on the area were done, will be done next to ascertain the likely targets to drill next and for hot spots .

    Apparently Mirabela's Santa Rita site was recommended as a prospect worthy site to it's initial Australian investors (the Clough Family) years ago by ..... Mr Matthew Wood - AVB's current Chairman . Let's hope Mr Wood has got the Midas touch againbecause his expertize was spot on with Santa Rita . Trindade Sth is being drilled recently by AVB because of Mr Wood's belief that the site is significantly geologically analogous to MBN's Santa Rita site .

    Multiple copper negotiations continue .

    Get them while they're cheap imo .

 
watchlist Created with Sketch. Add AVB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.