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Lara Exploration Ltd. (TSXV:LRA) announced Avanco Resources Ltd. (ASX:AVB) has mobilized a drill rig at the Conceição nickel sulphide project to begin a drill program in Brazil.
Lara Exploration Ltd. (TSXV:LRA) announced Avanco Resources Ltd. (ASX:AVB) has mobilized a drill rig at the Conceição nickel sulphide project to begin a drill program in Brazil.
As quoted in the press release:
Drilling will test four priority targets outlined by geophysical surveys, auger drilling and surface sampling with anomalous nickel, copper and platinum group metal values, associated with weathered and fresh mafic intrusive rocks.
Avanco can earn a 75% interest in the project by completing 1,500 metres of drilling by November 2012 and then sufficient exploration work by January 10, 2014 to generate a JORC (Australasian Joint Ore Reserves Committee) compliant resource with sufficient drill data and metallurgical test work for the Brazilian Department of Mines to approve the Final Exploration Report.
Click here to read the Lara Exploration Ltd. (TSXV:LRA) press release.
