jump to navigation

Avanco Resources drills the Touro Nickel Project, Brazil November 18, 2009

Posted by Fortbridge in Mining.
Tags: , , , , ,
trackback

Avanco Resources (ASX: AVB) announces that the first diamond core drill hole completed to a depth of 430.1 metres at the Touro Nickel Project on the Trindade South Property (Brazil) has intersected: 130 metres at 0.09% Nickel from 282 metres.

Although not economic, this early drilling result is highly encouraging and indicates that significant widths of nickel mineralisation are present within the Touro Sill. The drill intercept is hosted within a meta-pyroxenite and the Company believes that higher concentrations of sulphide may be indentified towards the base of the Touro Sill.

The Company is highly encouraged by this initial result and has immediately commenced further geochemistry and geophysical programmes over the entire Touro Sill with the aim of identifying higher concentrations of nickel sulphide.

The Touro Sill has many geological similarities to to Mirabela Nickel’s giant Santa Rita Nickel Project also located in Brazil. The Touro Sill is a differentiated mafic sill and has dimensions of approximately 5km x 1.5km and remains largely underexplored with only one drill hole being completed by the Company and assayed for nickel.

Click here to view the full announcement.

For further information, please contact:

Matthew Wood
Chairman
E-mail: info@avancoresources.com
Tel: +61 8 9321 6600

Media enquiries:
Bill Kemmery
Fortbridge
E-mail: bill.kemmery@fortbridge.com
Tel: +61 2 9331 0655
Mob: +61 400 122 449

Advertisement

Comments»

No comments yet — be the first.

Leave a Reply

Please log in using one of these methods to post your comment:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 239 other followers