Transcription of Scoping Study For personal use only - asx.com.au
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Scoping Study For personal use only - asx.com.au
10 April 2018 CentroGold Scoping Study ASX: AVB ( AVANCO OR THE COMPANY ) is pleased to report highly encouraging results from the evaluation of the Company s 100% owned CentroGold Project 1 situated within the Gurupi Greenstone Gold Belt in Northern Brazil. The Study demonstrates viability of a traditional open pit gold mining operation Early high-grade resources in the inventory indicate very strong cashflow during first 3 years Study confidence leveraged from substantial historical information and previous studies, with no technical or environmental flaws identified Contract Mining is envisaged, significantly reducing CapEx and risk Projects benefits from expected access to a reliable high voltage transmission grid 5,590 metres of diamond drilling completed by Avanco for the Scoping Study Approximately 10.
Page | 4 FOOTNOTES: 1. Gold mineralisation within the CentroGold project is considered to be typical of mesothermal vein-style, or orogenic-style gold
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