Avanco Resources has confirmed a new copper discovery at its Serra Verde project located in Carajas Mineral Province, Brazil.

The new discovery, located about 300m south-east of the Pedro prospect, has intersected a massive sulphide copper of 18.94% at 0.75m.

The firm has assigned two rigs to Serra Verde project for further drilling to expand the Pedro discovery and evaluate several untested targets defined by strong geochemical and geophysical anomalies.

Copper mineralisation has been recorded in all holes and is further evidence of Pedro being part of a potentially significant iron oxide-copper-gold (IOCG) system.

The firm will continue drilling at Serra Verde to target a substantial IOCG discovery to complement the Antas South copper deposit on the adjacent Rio Verde project.