Advance uncovers more stellar high-grade Victorian gold
Advance Metals has discovered stellar grades of gold from maiden drilling and rock chip programs in Victoria, with grab samples grading up to 66 grams per tonne (g/t) at its Happy Valley prospect, which is part of the company's wider Myrtleford project in the state's goldfields.
Results from the company's fourth diamond drill hole returned 6.1 metres at 3.5g/t gold from 245m, including a high-grade 1.1m slice at 18.2g/t from 250m. It follows a range of impressive gold hits from an earlier three holes, which included 8.2m going 22.4g/t in hole one, 2.9m at 6.7g/t from hole two and a significant interval of 7.5m running at 47.9g/t from the third hole.
Advance's 85-sample rock chip program produced multiple stunning grades, with grab samples of 42.5g/t, 26.2g/t and 23.2g/t gold at Sheards Reef, 1500m along trend from the Happy Valley drill site.
The company also has a drill bit spinning at its latest project grounds in Mexico, where it kicked off a diamond drilling campaign at its newly acquired, high-grade Yoquivo silver-gold project.
Focusing on the Victoria Goldfields, Advance's Barwidgee area returned peak values of gold going 24.8g/t and 21.9g/t at its Quatre Bas and Happy Go Lucky prospects, with 12.8g/t at the company's Initiator prospect, 2 kilometres northwest.
'Our maiden drilling program at Myrtleford has been incredibly successful.'
Advance Metals managing director Adam McKinnon
Its highest-grade find of 66.7g/t and a solid 24.3g/t were found at the company's Victoria prospect, and rock-solid grades of 39.1g/t and 23.7g/t were recorded at the Danish prospect, both within its Twist Creek ground.
The strong gold grades amplify the potential of the Myrtleford project, which has never seen all its prospective areas tested by the hard edge of a drill bit.
Management says the drilling program has tested the Twist Creek zone 45km north-northwest of Happy Valley and assays are pending for holes five and six drilled at the nearby Scandinavia prospect.
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Advance Metals is charging ahead at its high-grade Myrtleford gold project in Victoria's goldfields, with regulatory approvals now secured to kick off an expanded 10-hole diamond drilling campaign across its Happy Valley Trend. Following a highly successful maiden drilling program earlier this year, Advance has received the green light under a low-impact exploration notification to recommence drilling at three key sites along the 6-kilometre Happy Valley Trend. The additional 10-hole program, set to kick off next week, will see six diamond holes plunged into Advance's Happy Valley ground to target extensions to the high-grade mineralisation intersected in the company's first four holes at the prospect. First-pass results delivered stunning gold intercepts, including an 8.2-metre hit running a stunning 22.4 grams per tonne (g/t) gold, with a meaty 3.2m portion grading 54.7g/t, a bonanza 7.5m grading 47.9g/t and a respectable 6.1m slice at 3.5g/t. Two maiden diamond holes will test the nearby Sheard's Reef prospect, 1.5km west-northwest of Happy Valley. The remaining two holes will target high-grade gold 4.5km to the east-southeast at the company's Queen of the Hills prospect, aiming to extend drilling across a 6km section of the Happy Valley trend within the Myrtleford project. Advance says site preparation is already underway, with the drilling contractor set to mobilise within the next 7-10 days, putting drilling on track to commence in mid-June. The company recently inked a binding agreement over the 418-square-kilometre Myrtleford project with Serra Energy Metals Corporation to acquire an 80 per cent stake. The project lies within the Lachlan Fold Belt, a geological powerhouse responsible for some of Australia's largest gold deposits, including the 22-million-ounce Bendigo goldfields and the high-grade Fosterville mine, Australia's lowest-cost pure gold mine. Advance's string of impressive results confirms an extraordinary historically reported hit of 11.5m at 160.4g/t gold by a former project owner, which included a jaw-dropping 0.6m at 2430g/t.
