🕐08.06.10 - 04:15 Uhr

Avanco Resources [ASX: AVB] - Drilling commenced at the Rio Verde Copper Project, Brazil



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Avanco Resources [ASX: AVB] - Drilling commenced at the Rio Verde Copper Project, Brazil

Avanco Resources (ASX: AVB) has commenced diamond core drilling at its 100%-owned Rio Verde high grade copper project in the Carajas region of Brazil.

The drill program will target collection of metallurgical samples and increasing the resource confidence to measured and indicated categories.

HIGHLIGHTS

* Diamond core drilling has commenced at the Rio Verde high grade copper project Antas South Deposit for recovery of representative samples required for definitive metallurgical test work.
* The current drill programme is also expected to increase and upgrade the current resource to the measured and indicated categories.
* In 2008 Avanco completed 138 holes for ~8,400m of drilling and published a maiden Inferred and Indicated JORC-compliant resource for the Antas South Deposit in 2009 (see attachment for resources and grades).
* Environmental authorities have recently issued an Operating License for development of the Rio Verde high grade copper project and the Company is progressing towards issue of the Trial Mining permit.
* The Company anticipates the Rio Verde Project being moved to a ready to mine status and the "decision to mine" on receipt of the Trial Mining License before the end of 2010.

Please refer to the attached announcement for details, images and tables.

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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