Image source: Shutterstock

Highlights

  • Exceptional Gold Grades: Maiden diamond drilling at Myrtleford returns up to 93.2g/t gold.

  • Significant Mineralization Zones: Key intercepts include 8.2m at 22.4g/t Au, with a peak assay of 93.2g/t Au.

  • Potential for Expansion: Assays suggest an ultra-high-grade zone with extensions down-plunge and along strike.

 Advance Metals (ASX:AVM) has reported spectacular gold results from its maiden diamond drilling program at the Myrtleford Project, with assays confirming some of the highest-grade intercepts ever drilled in the region.

Final results from the first diamond drill hole (AMD001) at the Happy Valley prospect reveal multiple high-grade gold zones, including:

  • 0.9m at 19.0g/t Au from 157.8m,

  • 2.15m at 4.0g/t Au from 177.8m, and

  • 8.2m at 22.4g/t Au from 186.0m, including 3.4m at 52.7g/t Au.

Among these, a standout assay reported 93.2g/t gold, highlighting the potential for a major high-grade discovery.

A Coherent High-Grade Gold System

The AMD001 hole was drilled about 20 metres up-dip from a previously drilled hole (HVD003), which intersected 11.5m at 160.4g/t Au. The latest results reinforce the presence of a highly concentrated gold zone with promising expansion potential.

Two additional drill holes (AMD002 and AMD003) have already been completed, with visible gold observed in multiple down-hole zones. Their assay results are currently pending.

Managing Director Adam McKinnon expressed optimism about the results, stating, “These initial assay results are exactly what we were hoping for, demonstrating the presence of exceptional gold mineralisation across significant widths at Myrtleford.”

He added that in combination with previous drilling, these results define a coherent ultra-high-grade zone at the Happy Valley Project, with potential for expansion down-plunge and along strike.

Future Exploration Potential

The Myrtleford drilling campaign is still in its early stages, with only 1% of the Happy Valley trend tested so far. Given these exceptional initial results, the company believes the project holds enormous untapped potential for further high-grade gold discoveries.

Advance Metals' stock last traded at 4.8 cents on Monday.