Advance drilling program aims to extend high-grade Victorian gold
Advance Metals has restarted diamond drilling at its high-grade Myrtleford gold project in the Victorian goldfields, with the company's first hole testing below a previous 47.9 grams per tonne (g/t) gold intercept.
The earlier maiden drilling hole hit 7.5 metres at 47.9g/t gold.
The company will now test about 20m down plunge below it, as well as northwest along strike from another hole that intercepted 11.5m at 160.4g/t gold.
Advance plans to put in at least six more diamond holes at its Happy Valley prospect in the hunt for plunge and strike extensions to the existing and often spectacular high-grade gold mineralisation.
The new program follows Advance's very successful inaugural drilling earlier this year, which produced a swag of impressive gold hits from four holes at Happy Valley.
Results included 8.2m at 22.4g/t gold, with 3.2m at 54.7g/t gold; 2.9m at 6.7g/t gold; 7.5m at 47.9g/t gold, including 1.3m at 271.6g/t gold and 1.1m at 18.2g/t gold.
The Happy Valley phase of the new program will be followed immediately by the company's maiden drilling campaign at its Sheard's Reef and Queen of the Hills prospects, which will extend its drilling across a six-kilometre portion of the Happy Valley gold-mineralised trend.
The company is still waiting on the final assays from four holes put in during a previous program at its Twist Creek target. It expects to receive the results shortly.
In January, Advance entered a binding agreement with Serra Energy Metals to acquire an 80 per cent joint venture interest in the Myrtleford and Beaufort gold projects.
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