🕐21.09.10 - 09:54 Uhr

Avanco Resources [ASX: AVB] - Exceptionally high grade copper confirmed in Brazil



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Avanco Resources [ASX: AVB] - Exceptionally high grade copper confirmed in Brazil

Avanco Resources (ASX: AVB) has recently completed 34 diamond core drill holes for approximately 2,000m at its Rio Verde Copper Project in the Carajas region of Brazil.



Assays for approximately half the programme at the JORC compliant Antas South Deposit have been returned with results confirming the existence of an exceptionally high grade copper zone within the greater resource area.



This includes a spectacular intercept of 9 metres at 50.49% copper from 18 metres.

Exceptionally high grade and shallow results for the high grade copper zone are:

* ARVD-72: 6.15m at 8.06% Copper, from 38.0m - incl.

3.85m at 11.23% Copper from 40.2m
* ARVD-74: 2.0m at 8.09% Copper from 28.0m - incl.

1.0m at 11.83% Copper from 29.0m
* ARVD-80: 32.0m at 14.79% Copper from 1.0m - incl.

9.0m at 50.49% Copper from 18.0m
* ARVD-81: 1.0m at 14.00% Copper from 44.0m

Avanco is evaluating the concept of using the high grade zone as a �springboard� to becoming a very near term copper producer with full exposure to an improving copper price.



Additional results for the current program include:

* ARVD-69: 1.0m at 10.89% Copper from 52.0m
* ARVD-71: 1.0m at 2.08% Copper from 17.0m, also 1.0m at 2.35% Copper from 29.0m
* ARVD-73: 3.0m at 2.19% Copper from 28.0m
* ARVD-78: 6.0m at 2.46% Copper from 47.0m

Results for holes ARVD-83 to ARVD-102 are pending.

Please refer to the attached announcement for details.

For further information, please contact:

Tony Polglase
Executive Director
E-mail:
Tel: +61 8 9321 6600

Media:
Fortbridge
Tel: +61 2 9331 0655
Bill Kemmery: +61 400 122 449

Luke Dean: +61 414 535 433


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