For thousands of other reports visit RSC's Mineral Intellingence Map
Avanco Resources Ltd.
Summary
| Project: | CentroGold | |
|---|---|---|
| Deposit: | Contact | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 3/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 21-3-2018: Avanco Resources Ltd. announces a Resource Estimation report for its Contact deposit at the CentroGold project. Mineral Resource update for Contact deposit. ASX: AVB (‘AVANCO’ OR ‘THE COMPANY’) is pleased to report a 37% increase in contained g | |
| Resources: | (Resource, I+I): 32.8Mt @ 2.1g/t Au for 2.217Moz contained at CentroGold | |
| CP/QP: | [Resources]: Aaron Green (CSA Global Pty Ltd.) | |
| ABSTRACT: | ASX: AVB (‘AVANCO’ OR ‘THE COMPANY’) is pleased to report a 37% increase in contained gold ounces, and a 34% increase in gold grade at the Contact deposit within the CentroGold project. Infill drilling2 has very successfully resulted in the upgrading of resources from Inferred to the Indicated category. The higher proportion of Inferred resources was primarily associated with a lack of drilling in some areas of the deposit, largely areas below artisanal mining. The gaps in drilling have since been filled, with the results culminating in a 203% increase in Indicated resource ounces. At the same time, the discovery of new zones of high-grade mineralisation has significantly improved the average grade of the Contact deposit, translating to an impressive 34% increase to 3.1g/t gold. Management aim to complete the Scoping Study as soon as possible, incorporating both the recently updated Contact and Blankets MRE’s. Drilling for Reserve definition is currently underway at Blanket with four drilling rigs in operation, with Reserve drilling at Contact to commence thereafter. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report