Advance Metals Targets High-Grade Extensions at Happy Valley with New Drilling Program

Strong Start at Myrtleford

Advance Metals Limited has made a promising start to its maiden drilling campaign at the Myrtleford Project in Victoria’s historic goldfields. The company recently completed an initial program of eight diamond drill holes totaling over 1,665 metres, with the first four holes at the Happy Valley prospect delivering notably high-grade gold intersections. Highlights include intervals such as 8.2 metres at 22.4 grams per tonne gold and an extraordinary 1.3 metres at 271.6 grams per tonne, underscoring the prospect’s rich mineralisation potential.

Expanding the Footprint

Buoyed by these results, Advance Metals’ board has approved a significant follow-up drilling program comprising ten holes. This includes six additional diamond holes targeting extensions of the known high-grade gold mineralisation at Happy Valley, both along strike and up and down plunge. The program also features maiden drilling at two new prospects, Sheard’s Reef and Queen of the Hills, extending exploration over a six-kilometre stretch of the Happy Valley Trend. These new targets have historic indications of high-grade gold, with rock chip samples showing grades up to 42.5 grams per tonne.

Pending Results and Regional Potential

Meanwhile, assay results are awaited for four holes drilled in the Twist Creek area, located roughly 45 kilometres from Happy Valley. These results will be critical in determining the next steps for regional exploration, with additional drilling under consideration at Twist Creek and the Barwidgee Creek Trend. The company is carefully awaiting regulatory approvals, with drilling expected to recommence in about four weeks.

Strategic Partnership and Geological Context

Advance Metals’ acquisition of an 80% interest in the Myrtleford and Beaufort Gold Projects through a joint venture with Serra Energy Metals Corp. positions it well to leverage the region’s geological complexity. The project area is characterized by structurally controlled quartz vein gold mineralisation within Devonian-aged formations, a setting known for producing significant gold deposits. The ongoing exploration program aims to delineate and expand these high-grade zones, potentially adding substantial value to the project.

Looking Ahead

With a robust initial drilling campaign behind it and a well-funded follow-up program approved, Advance Metals is poised to unlock further value at Myrtleford. The pending assay results and upcoming drilling will be closely watched by investors eager to see how the project’s gold potential unfolds across the broader Happy Valley Trend and surrounding areas.