Advance Metals to chase further visible gold at Victorian play
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.
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The Age
3 days ago
- The Age
Advance Metals to chase further visible gold at Victorian play
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.
Sydney Morning Herald
3 days ago
- Sydney Morning Herald
Advance Metals to chase further visible gold at Victorian play
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.
Sydney Morning Herald
21-05-2025
- Sydney Morning Herald
Advance hits stride with maiden silver assessment in Chihuahua, Mexico
Mexico, the world's leading silver producer, is renowned for such deposits, with Chihuahua hosting some of the country's richest mines. With assay results looming, the coming months could deliver high-grade intercepts that build on previous stunning hits, such as a 6.2m hit at a massive 2404g/t silver and 17.2g/t gold, or 1.2m at 1895g/t silver and 34g/t gold. Advance says that Yoquivo's appeal lies in its multiple parallel vein systems, offering several advantages for exploration, including multiple targets per hole, high hit rate and quick growth potential from extensions. Yoquivo's grade places it attractively among undeveloped silver projects in the popular mining jurisdiction. Converted to gold equivalent, it currently equates to an impressive 5.7–7.6g/t gold equivalent, a stonking grade considering the attractive 85 per cent recovery rates suggested from historic metallurgy. Advance also has two exciting projects in Victoria, the Myrtleford and Beaufort gold projects. Both are within the historical Victorian goldfields, known for producing more than 80M ounces of gold during its hay day. As silver and gold prices continue their upward trajectory in 2025, Advance Metals is well-positioned to capitalise in two of the worlds emerging hot districts. Risks always follow first pass testing of any new projects but if Yoquivo can throw up similar numbers to its Victorian project, rocking an extraordinary 11.5m at 160.4g/t gold, the company could be onto a pair of high-grade hidden gems. Is your ASX-listed company doing something interesting? Contact: mattbirney@
