Centrogold proves positive for Avanco

A scoping study into the Centrogold project, in Brazil, has indicated a strong potential for a high-grade, low capital mining operation, ASX-listed Avanco Copper said. The scoping study estimated an initial mine life of 11 years, with the project producing an average of 129 900 oz/y from a throughput rate of 2.5-million tonnes a year.