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Avanco Resources Ltd.
Summary
| Project: | Antas Mine | |
|---|---|---|
| Deposit: | Antas | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 8/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 8-8-2017: Avanco Resources Ltd. announces an Exploration/Drilling Update report for its Antas deposit at the Antas Mine project. Drilling results incl. 11.7m @ 7.65% Cu, 4.13g/t Au from 71.8m. ASX: AVB (‘Avanco’ or ‘The Company’) is pleased to announce po | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Mottram (Internal) | |
| ABSTRACT: | ASX: AVB (‘Avanco’ or ‘The Company’) is pleased to announce positive results from the reserve infill drilling program, aiming to upgrade existing probable reserves to the proven category, and expansion drilling under the pit. AAND-103, the first of three holes is under the existing Antas Pit and has returned excellent assay results with grades better than existing drilling on the same section, confirming the potential for the pit to be expanded in the future. Further to the recent announcements on the new Azevedo Prospect close to the Antas Mine, the second of 3 holes has also repeated mineralisation, up-dip of the original drill hole AAND-100. Commenting on the announcement, Simon Mottram, Executive Director of Exploration said: “From the outset of the Antas reserve infill and expansion program, the main goal was the definition of mineralisation below the existing pit design. I am delighted therefore that the highly encouraging deep results are already exceeding our expectations. This bodes well not only for the potential to expand the pit at depth, but also leads into the program for examining the underground potential at Antas. Follow-up work is already in progress in the Antas Mine with the program expanding beyond its original scope. Encouraging results at Azevedo have led to further drilling being planned, after which we will also see the rig rotate across new electro-magnetic based drill targets around the mine that warrant drill testing. With the new budget levels, I believe we are now positioned to give Antas the best possible chance for expansion and a longer life. With activity on so many fronts, the second half of 2017 is set to be an exciting time for Avanco.” | |
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