Advance Metals has intersected multiple zones of visible gold in its latest diamond drilling at the Happy Valley Prospect, hinting at an expansion of high-grade mineralisation at the Myrtleford Project. Assay results are eagerly awaited to confirm the potential of this promising discovery.
- Multiple zones of visible gold mineralisation intersected in hole AMD009
- AMD009 drilled 25 metres below previous high-grade hole AMD003
- Assay results expected in August 2025 to confirm grades
- Additional shallow gold mineralisation found at Twist Creek area
- Ongoing drilling planned to expand deposit along strike and depth
Visible Gold Signals Potential Expansion
Advance Metals Limited has reignited interest in its Myrtleford Project in Victoria with the recent completion of diamond drill hole AMD009 at the Happy Valley Prospect. This hole, drilled to a depth of 224.1 metres, intersected multiple zones of visible gold mineralisation associated with sulphide-bearing quartz veins. The visual presence of gold grains, some up to 2mm in size, suggests continuity with the exceptionally high-grade mineralisation encountered in earlier drilling, particularly hole AMD003, which returned 7.5 metres at 47.9 grams per tonne gold.
Awaiting Assay Confirmation
While the visual evidence is compelling, Advance Metals cautions that laboratory assays are essential to accurately quantify the gold grades and widths. The company expects assay results from AMD009 in the first half of August 2025. These results will be critical in confirming whether the new intersections indeed extend the central high-grade zone of the deposit, which already includes several holes with outstanding grades, such as AMD003 and historic holes HVD003 and HVD015.
Broader Exploration Success at Twist Creek
Beyond Happy Valley, drilling at the Twist Creek trend, approximately 40 kilometres north, has returned encouraging shallow gold mineralisation, albeit at lower grades. Significant intersections include 1.1 metres at 8.4 grams per tonne gold from hole AMD007 and smaller intervals from AMD006 and AMD008. These results highlight the potential for parallel structures in the region to host additional mineralisation, prompting the technical team to review further exploration targets.
Strategic Drilling Program Underway
Advance Metals has embarked on a ten-hole diamond drilling program focused on expanding the high-grade zones at Happy Valley. The next planned hole will target an up-dip position relative to AMD003, aiming to delineate the deposit’s geometry both along strike and at depth. Managing Director Dr Adam McKinnon expressed optimism about the program’s potential, noting that the initial visual gold intersections provide a strong foundation for further growth.
Geological Context and Methodology
The Myrtleford Project sits within a geologically complex region shaped by Devonian magmatism and tectonic activity, hosting structurally controlled gold mineralisation in quartz veins. The drilling program employs HQ diamond core techniques with rigorous sampling and assay protocols to ensure data quality. The company emphasizes that visual estimates of gold are preliminary and that assay data will ultimately guide resource evaluation and development planning.
Bottom Line?
As Advance Metals advances its drilling campaign, the awaited assay results from AMD009 could redefine the scale of Myrtleford’s high-grade gold potential.
Questions in the middle?
- Will assay results confirm the high-grade continuity suggested by visible gold in AMD009?
- How extensive is the mineralised system along strike and at depth beyond current drilling?
- What is the potential economic impact of the lower-grade but widespread gold mineralisation at Twist Creek?