🕐12.10.09 - 04:17 Uhr

Avanco Resources [ASX: AVB] - Nickel sulphide drilling commences in Brazil



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Avanco Resources [ASX: AVB] - Nickel sulphide drilling commences in Brazil

Avanco Resources (ASX: AVB) has commenced exploration drilling at its recently discovered nickel sulphide target on the 100%-owned Trindade South Property in the Carajas Province of Brazil.

HIGHLIGHTS:

* The Company has identified a significant nickel sulphide exploration target on its Trindade South Project.

This target is of a similar geological model to Mirabela Nickel�s giant Santa Rita Nickel Project also in Brazil.

Compilation of previous exploration indicates that an extensive nickel soil anomaly is present.
* Peak responses from the soil geochemistry are 2,192ppm nickel, 846ppm copper and 26ppb platinum.
* The soil anomaly is associated with a high quality EM anomaly.
* Drilling of the Project by a past explorer intersected significant widths of pyrrhotite (iron sulphide) mineralisation within a Proterozoic aged differentiated mafic sill.
* Past drilling of a single hole intersected 9 metres at 0.12% copper from 139 metres and 5 metres at 0.28% copper from 288m.

These values are typical of copper levels associated with other differentiated mafic sill hosted nickel sulphide deposits globally.
* No nickel analytical work has been undertaken on previous drilling and the core samples are no longer available.

Please find details in the attachment.

For further information, please contact:

Matthew Wood
Chairman
E-mail:
Tel: +61 8 9321 6600

or

Bill Kemmery
Fortbridge
E-mail:
Tel: +61 2 9331 0655
Mob: +61 400 122 449


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