The excellent pit infill and expansion drilling results, as announced by Avanco Resources Ltd., is expected to upgrade existing probable reserves to the proven category, and expansion drilling under the pit.
According to the exploration company, the AAND-103 first of three holes is under the existing Antas Pit and has returned excellent assay results with grades better than existing drilling on the same section.
“From the outset of the Antas reserve infill and expansion program, the main goal was the definition of mineralisation below the existing pit design,” said Simon Mottram, Executive Director of Exploration. “This bodes well not only for the potential to expand the pit at depth, but also leads into the program for examining the underground potential at Antas.”
Encouraging results at Azevedo have led to continuation of mineralisation under the existing Antas Pit. With the drilling program expanding beyond its original 5,000 metre scope, it aims to evaluate ‘Antas Deeps’ underground mining potential.
“With the new budget levels, I believe we are now positioned to give Antas the best possible chance for expansion and a longer life. With activity on so many fronts, the second half of 2017 is set to be an exciting time for Avanco,” Motttram concluded.