Avanco ups gold resource by 45%

ASX-listed Avanco Copper has reported a 45% increase in the resource estimate at its Centro gold project in, Brazil. The company on Monday reported a maiden resource estimate of 11.3-million tonnes, grading 1.6 g/t gold for 577 000 oz of gold at the Chega Tudo deposit, taking the combined mineral resource estimate for the Centro project to 31.5-million tonnes, at 1.8 g/t gold for 1.85-million ounces.