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Avanco Resources Ltd.
Summary
| Project: | Antas Mine | |
|---|---|---|
| Deposit: | Azevedo | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 12/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 14-12-2017: Avanco Resources Ltd. announces an Exploration/Drilling Update report for its Azevedo deposit at the Antas Mine project. Drilling results incl. 17.95m @ 1.94% Cu, 0.38g/t Au from 117.05m. Avanco is pleased to provide an update on exploration a | |
| Resources: | (Reserve, P+P): 3.04Mt @ 2.64% Cu, 0.58g/t Au at Antas | |
| CP/QP: | [Overall Report]: Simon Mottram (Internal) | |
| ABSTRACT: | Avanco is pleased to provide an update on exploration activities around its producing Antas Copper Mine, where drilling at the Azevedo Prospect has shown a significant improvement in potential. Located approximately 400 metres northeast of the Antas Pit, this target was tested initially by AAND-100 3 , returning a best result of 8.60m @ 1.30 % Cu, 1.36 g/t Au from 75.55m 2 . While follow-up drilling yielded promising results, new drilling (3 holes) targeted mineralisation both up and down dip/plunge with two of the three holes hitting significant widths of economic mineralisation, including high grade semi-massive sulphides. Section 1 shows improving results at depth (AAND-126), in the down plunge position, supporting the interpreted plunge. Section 2 shows excellent results in the up-plunge position (AAND-127), close to surface, again supporting a plunging geometry to mineralisation. Further, hole AAND-127 shows that mineralisation is close to surface with a shallow base of oxidation. The southeast plunge to mineralisation is like that seen in the Antas orebody, and goes on to explain the lack of mineralisation recorded in earlier hole, AAND-122 on Section 2, which has drilled under the mineralisation. | |
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