Fortbridge Media ReleaseAvanco Resources [ASX: AVB] - Nickel activities updateAvanco Resource (ASX: AVB) provides an update on its Nickel Platinum (Nickel-PGM) activities, where a third significant nickel-copper anomaly has been newly defined at the Conceio Project.
Key points:
* Good progress continues to be made at the recently acquired Conceio Nickel-PGM Project where high priority drill targets continue to be delineated by soil geochemistry.
* This latest soil survey has defined an additional nickel-copper anomaly extending for 1.5km over a prospective magmatic maficultramafic intrusion.
* This new outcome strongly supports the case for drill testing of at least three nickel prospects at Conceio.
* Conceio shows clear and increasing evidence of a cluster of magmatic intrusions considered highly prospective for the discovery of nickel sulphides. This is substantiated by the presence of visible nickel-copper sulphides in outcrops and the results of rock-chip analysis as reported previously.
* As exploration efforts continue at Conceio and at Avancos other nickel assets, the Company is examining a number of options to better support and realise greater value from the nickel assets.
Please find more in the announcement by clicking:
For further information, please contact:
Tony Polglase
Managing Director
E-mail:
Tel: +61 8 9321 6600
Media:
Fortbridge
Tel: +61 2 9331 0655
Luke Dean: +61 414 535 433