Advance Metals, a company making waves in the mining industry, has recently made a significant breakthrough at its high-grade Myrtleford gold project in Victoria. In a strategic move, the company initiated a diamond drilling program that has already yielded promising results.
The latest development comes as Advance Metals uncovered abundant visible gold across several zones during the initial hole of the program. Plunging to a depth of 224 meters at the Happy Valley prospect, the extension hole targeted an area just 25 meters below a previous remarkable visible gold find.
“Intersecting multiple zones of mineralisation with visible gold is a fantastic way to kick off our new diamond drilling program,”
commented Dr. Adam McKinnon, Managing Director of Advance Metals. The preliminary assessment of the diamond core revealed visible gold in three distinct quartz-sulphide veining zones that seem to align with existing high-grade mineralization.
This exciting discovery not only hints at a potential expansion of the central high-grade gold zone but also raises prospects for underground mining activities at this historically rich site. The company is eagerly awaiting assay results expected to confirm these visual findings by August.
Drilling efforts at Twist Creek, another prospect within Advance Metals’ Myrtleford tenure, have also shown early signs of high-grade gold. While not matching the exceptional grades found at Happy Valley, these discoveries are considered highly prospective given limited prior exploration in the region.
The success seen so far builds upon Advance’s previous achievements earlier this year when it delivered outstanding results from its maiden campaign at Happy Valley. These included significant intercepts like 8.2 meters at 22.4 grams per tonne (g/t) and a standout section running 54.7 g/t over 3.2 meters.
Looking ahead, Advance Metals plans to continue drilling at Happy Valley with six more holes in sight to explore extensions of known high-grade mineralization. Additionally, new holes will be drilled at Sheard’s Reef and Queen of the Hills prospects to further uncover the area’s untapped potential.
With less than one percent of its extensive Happy Valley trend explored so far, there remains substantial upside for discovery within Advance’s Myrtleford project. Acquiring an 80% joint venture interest earlier this year was a strategic move that positioned them well within Australia’s renowned Lachlan Fold Belt—a region known for hosting major gold deposits.
Moreover, beyond their Australian ventures, Advance Metals is actively progressing its Yoquivo silver-gold project in Mexico—a site showing promise with recent high-grade silver intercepts indicating substantial potential for precious metals discovery.
As they anticipate upcoming assay results and news flow from ongoing exploration activities across various projects, including those in Victoria and Mexico, Advance Metals seems poised for continued success on its quest for valuable resources amidst challenging terrains.
Leave feedback about this