Avanco Resources has commenced a 2,000m diamond drilling program at its 100% owned Touro Nickel Project in the Carajas Province of Brazil. The drilling programme will test the coincident nickel, platinum and Induced Polarisation (IP) anomalous trends across the Touro Sill.

HIGHLIGHTS:

* Drilling has commenced at the Touro Nickel Project in Carajas Province of Brazil.
* The Company has identified numerous high priority targets to be tested with a 2,000m diamond core drilling programme.
* Induced Polarisation (IP) anomalies have been identified over a four kilometre trend. These show strong chargeabilities typical of sulphide mineralisation.
* Soil geochemistry has identified a significant trend of anomalously high nickel and platinum associated with the IP anomalies.
* Previously reported drill hole, TSD-01, intersected 130 metres at 0.09% nickel and confirmed the existence of sulphides and significant widths of nickel mineralisation within the Touro differentiated sill. Importantly, TSD-01 was drilled outside the IP anomalies.
* The Company has recently announced a fully underwritten non renounceable entitlements issue to raise $5,112,324.
* Avanco is now in a strong position to: aggressively explore for nickel sulphide at its Touro Nickel Project, to develop the Rio Verde High Grade Copper Project and to pursue additional new growth opportunities in Brazil.