Can Advance Metals Sustain Momentum Amid Pending Myrtleford Assays?
Advance Metals has resumed diamond drilling at the high-grade Happy Valley Prospect within its Myrtleford Project, targeting extensions of previously exceptional gold intersections. The new program aims to build on earlier successes and expand the known mineralisation footprint.
- Diamond drilling recommenced at Happy Valley Prospect, Myrtleford Project
- Initial hole AMD009 targets high-grade zones below and along strike from prior hits
- Six additional holes planned to explore mineralisation extensions
- Maiden drilling to follow at Sheard’s Reef and Queen of the Hills
- Pending assay results from previous Twist Creek drilling expected soon
Renewed Drilling Momentum at Myrtleford
Advance Metals Limited has kicked off a new phase of diamond drilling at the Happy Valley Prospect, part of its high-grade Myrtleford Gold Project in Victoria’s historic goldfields. This move follows a highly encouraging maiden drilling campaign earlier this year that delivered multiple impressive gold intersections, including standout results such as 7.5 metres at 47.9 grams per tonne (g/t) gold and 11.5 metres at 160.4 g/t gold from previous holes.
Targeting Continuity and Extensions
The first hole of the current program, AMD009, is designed to test the continuity of these high-grade zones approximately 20 metres down-plunge from the earlier AMD003 hole. It also aims to extend the mineralisation along strike to the northwest, building on the exceptional grades seen in hole HVD003. This strategic targeting could confirm the robustness and scale of the gold system, a critical step toward defining a potentially economic resource.
Expanding the Footprint
Beyond AMD009, Advance Metals plans at least six additional diamond holes to explore mineralisation up and down plunge and along strike in both directions. The company is also preparing to commence maiden drilling at Sheard’s Reef and Queen of the Hills, which lie along a six-kilometre stretch of the broader Happy Valley Trend. These efforts underscore a methodical approach to unlocking the full potential of this prolific gold corridor.
Awaiting Further Assay Insights
Meanwhile, assay results from four holes drilled earlier this year at the Twist Creek area remain pending, with market participants eagerly awaiting these data points. The outcomes will provide additional clarity on the project's overall grade continuity and resource potential. Concurrently, Advance Metals is progressing its maiden drilling program at the Yoquivo Silver-Gold Project in Mexico, signaling a diversified exploration strategy.
Strategic Implications
Advance Metals’ recommencement of drilling at Happy Valley reflects confidence in the Myrtleford Project’s high-grade gold potential. The combination of strong initial results and a systematic follow-up program positions the company well to enhance its resource base and attract further investor interest. However, as with all exploration ventures, the true scale and economic viability will hinge on forthcoming assay results and geological interpretations.
Bottom Line?
Advance Metals’ next assay results will be pivotal in confirming the scale of high-grade gold at Myrtleford and shaping its growth trajectory.
Questions in the middle?
- Will the new drilling confirm continuity of the exceptional high-grade gold zones?
- How extensive is the mineralisation along the broader Happy Valley Trend beyond current targets?
- What impact will pending Twist Creek assay results have on the overall project outlook?
