Latest news with #HappyValleyTrend
The Age
4 days ago
- Business
- 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
4 days ago
- Business
- 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.
