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Avanco Resources Ltd.
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 5/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 23-5-2018: Avanco Resources Ltd. announces an Exploration/Drilling Update report for its Pedra Branca deposit at the Pedra Branca project. Drilling results incl. 13.90m @ 2.31% Cu, 0.48g/t Au from 119.2m. ASX: AVB (‘AVANCO’ OR ‘THE COMPANY’) is pleased to | |
| Resources: | (Resource, Total): 17.67Mt @ 2.44% Cu, 0.65ppm Au for 427Kt Cu, 357Koz Au contained at Pedra Branca | |
| CP/QP: | [Overall Report]: Simon Mottram (Internal) | |
| ABSTRACT: | ASX: AVB (‘AVANCO’ OR ‘THE COMPANY’) is pleased to report further assay results from the ongoing resource infill drilling programmes at CentroGold Blanket Deposit 1 , Pantera 2 and Pedra Branca East 2 Infill drilling at the Blanket Deposit is now finalised, with 44 diamond drill holes for a total of 5,431 metres completed although some assay results are pending. Assay results to date are in line with expectations and together with the outstanding results are not expected to materially impact the existing Mineral Resource estimate (MRE). Significant intersections from the Blanket Deposit programme include: The four diamond drill rigs have now been relocated to the Contact Deposit for an infill drilling programme to upgrade the relatively large Inferred Resource component (when compared with Blanket) into the higher confidence Indicated category. The current PFS has identified this as an important pre-cursor to a Definitive Feasibility Study (DFS). Consequently, an expanded programme of infill drilling is now planned for the Contact Deposit. The PFS, whilst experiencing delays with studies associated with the | |
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