🕐14.07.11 - 02:27 Uhr

AVANCO RESOURCES [ASX: AVB] - RIO VERDE DEEP DRILLING INTERSECTS PRIMARY COPPER SYSTEM





Fortbridge Media Release

Avanco Resources [ASX: AVB] - Rio Verde deep drilling intersects primary copper system

Avanco Resources (ASX: AVB) deep drilling at Rio Verde (Brazil) shows immediate encouragement with the intersection of a 32m primary sulphide ore zone 100 metres below the current Antas South Deposit (Hole ARVD-146). This highlights the potential presence of a large primary mineralised system underlying the existing shallow copper oxide resource.

* New hole ARVD-146 on section 637350mE has intersected a sulphide ore zone 32m wide averaging approximately 4% Chalcopyrite from 171m (assay results pending).

* The alteration and sulphide ore intersection observed in ARVD-146 shows convincing evidence of the presence of a primary mineralised system below Antas South.

* Alteration associated with mineralisation extends for more than 200m in ARVD-146. Within the alteration there is a more intensely altered zone 150m wide, and this hosts the 32m intersection of ore. Zonation of alteration in this style of mineralisation is highly encouraging.

* Typical Chlorite/Epidote alteration is observed from 23.3m down hole. However, strong amphibole/magnetite alteration (not seen previously in shallow drilling) is visible from 79m, throughout the ore zone and continues to the end of hole at 245m. The transition to a higher intensity of alteration is a good indication of proximity to a source of mineralisation.

* Section 637350mE is proximal to a 1.1km long magnetic anomaly which is below the Western end of the deposit. (This magnetic feature is situated within the 9km long regional structure which is host to the Antas South, the HGZ and Antas North Deposits).

* Coincident with the magnetic anomaly is an Electro-Magnetic (EM) anomaly, which although identified by previous explorers appears not to have been modelled or subsequently tested.

Please find more in the announcement at:

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




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