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Central Brazilian Gold Project
Introduction
The Central Brazilian Gold project is located in the highly prospective central Brazilian greenstone belt, in the state of Goias. It comprises the Rio Uru Property of 4000ha and a further 22 exploration tenements either held by, or under application by the Company.
The main feature of the Central Brazilian Gold Project is the presence of a highly elevated, coherent gold in-soil anomaly extending over 8km of strike on the Rio Uru Property. The Rio Uru gold in-soils anomaly remains open along strike. The Company believes that the Central Brazilian Gold Project has potential for the discovery of both, base and precious metals.
The prospectively of Rio Uru and the surrounding areas evident from old mine workings undertaken by early colonial prospectors and from the proximity of the Sertao Gold Mine 50km away.
Central Brazilian Gold is located close to the town of Heitorai, 140km north of Goiânia, the state capital. Good infrastructure exists in the area with national roads and the state electrical transmission grid close by.
Central Brazilian Gold Rio Uru and Surrounding Tenements
(Please click the image to see a larger view)
Central Brazilian Gold Rio Uru - Gold in Solils Anomaly
(Please click the image to see a larger view)
Rio Uru
Rio Uru was subjected to limited exploration activities by Western Metals Corporation (WMC) in the 1980's. WMC delineated a very well defined soil anomalous trend extending over 8km with widths 300m to 1,100m and following a northwest orientation. The main areas of soils interest are the Pilar, Barro Alto and Mambuca anomalies. The Pilar anomaly is believed to be the best potential target and measures 950m long by 100m to 300m wide, based on a 32 ppb gold contour. Pilar has a high grade soil zone with gold values greater than 165 ppb. Mambuca is located on the southeast extreme of the soils anomaly and is defined by a 32 ppb gold contour 500m long by 300m wide. Mambuca is completely open in the southeast direction.
Some IP conductors were also identified by WMC before they abandoned Rio Uru for other priorities. The Company believes that the gold in-soil anomalies were not adequately tested and consequently potential for a significant gold discovery exists.
Rio Uru was acquired by Avanco through its subsidiary company Apoquindo Brazil Mineracao through an Option for 100% of the property.
The Company has commenced field recognisances at the Central Brazilian Gold Project with a view to defining additional exploration targets.
Surrounding Uru Areas
Avanco’s 22 tenements that surround the central Rio Uru property cover an extensive area of 38,000ha. References given on geological maps indicate potential in the area not only gold but also for the discovery of copper, nickel and titanium.
In April 2008 nineteen of the twenty-two tenements under application by Avanco Resources Mineracao (an Avanco subsidiary company) had been granted. The Company anticipates that the outstanding tenements will be approved during 2nd quarter 2008.
