Latest news with #AdvanceMetals
The Age
15 hours ago
- Business
- The Age
Advance drilling program aims to extend high-grade Victorian gold
Advance Metals has restarted diamond drilling at its high-grade Myrtleford gold project in the Victorian goldfields, with the company's first hole testing below a previous 47.9 grams per tonne (g/t) gold intercept. The earlier maiden drilling hole hit 7.5 metres at 47.9g/t gold. The company will now test about 20m down plunge below it, as well as northwest along strike from another hole that intercepted 11.5m at 160.4g/t gold. Advance plans to put in at least six more diamond holes at its Happy Valley prospect in the hunt for plunge and strike extensions to the existing and often spectacular high-grade gold mineralisation. The new program follows Advance's very successful inaugural drilling earlier this year, which produced a swag of impressive gold hits from four holes at Happy Valley. Results included 8.2m at 22.4g/t gold, with 3.2m at 54.7g/t gold; 2.9m at 6.7g/t gold; 7.5m at 47.9g/t gold, including 1.3m at 271.6g/t gold and 1.1m at 18.2g/t gold. The Happy Valley phase of the new program will be followed immediately by the company's maiden drilling campaign at its Sheard's Reef and Queen of the Hills prospects, which will extend its drilling across a six-kilometre portion of the Happy Valley gold-mineralised trend. The company is still waiting on the final assays from four holes put in during a previous program at its Twist Creek target. It expects to receive the results shortly. In January, Advance entered a binding agreement with Serra Energy Metals to acquire an 80 per cent joint venture interest in the Myrtleford and Beaufort gold projects.
Sydney Morning Herald
15 hours ago
- Business
- Sydney Morning Herald
Advance drilling program aims to extend high-grade Victorian gold
Advance Metals has restarted diamond drilling at its high-grade Myrtleford gold project in the Victorian goldfields, with the company's first hole testing below a previous 47.9 grams per tonne (g/t) gold intercept. The earlier maiden drilling hole hit 7.5 metres at 47.9g/t gold. The company will now test about 20m down plunge below it, as well as northwest along strike from another hole that intercepted 11.5m at 160.4g/t gold. Advance plans to put in at least six more diamond holes at its Happy Valley prospect in the hunt for plunge and strike extensions to the existing and often spectacular high-grade gold mineralisation. The new program follows Advance's very successful inaugural drilling earlier this year, which produced a swag of impressive gold hits from four holes at Happy Valley. Results included 8.2m at 22.4g/t gold, with 3.2m at 54.7g/t gold; 2.9m at 6.7g/t gold; 7.5m at 47.9g/t gold, including 1.3m at 271.6g/t gold and 1.1m at 18.2g/t gold. The Happy Valley phase of the new program will be followed immediately by the company's maiden drilling campaign at its Sheard's Reef and Queen of the Hills prospects, which will extend its drilling across a six-kilometre portion of the Happy Valley gold-mineralised trend. The company is still waiting on the final assays from four holes put in during a previous program at its Twist Creek target. It expects to receive the results shortly. In January, Advance entered a binding agreement with Serra Energy Metals to acquire an 80 per cent joint venture interest in the Myrtleford and Beaufort gold projects.
The Age
11-06-2025
- Business
- The Age
Advance nails big gold-silver runs in Mexican drilling program
Advance Metals inaugural diamond drilling program at its Yoquivo silver-gold project in southwest Chihuahua, Mexico, has cored out 3.55 metres at 249 grams per tonne (g/t) silver equivalent, including 0.77m at 965g/t silver equivalent from 115.4m. The primary metals intercepts are 3.55m assaying 157g/t silver and 1.2g/t gold, including 600g/t silver and 4.8g/t gold from 115.4m. The same drill hole also delivered a separate 4.42m hit at 446g/t silver equivalent or 297g/t silver and 1.9g/t gold from 126.58m, including 1.67m at 676g/t silver equivalent or 442g/t silver and 3g/t gold from 128.15m. Both intercepts came from the company's previously modelled Pertenencia epithermal-breccia vein system. 'These are fantastic results to kick off our maiden drilling campaign at the Yoquivo project in Mexico.' Advance Metals managing director Dr Adam McKinnon Advance Metals managing director Dr Adam McKinnon said: 'The assays from hole YQ-25-001 clearly demonstrate the exceptional potential of the project, with individual silver grades up to 2250g/t and gold up to 17.2g/t. Along with the very high-grade mineralisation in the modelled Pertenencia Vein, the intersection of more than 40 metres of contiguous silver mineralisation in the footwall is also highly encouraging.' The 40m of contiguous mineralisation was discovered in other intercepts of significant zones of moderate to high grade mineralisation below Pertenencia, which do not appear to correlate with the foreign resource estimate that applied when Advance acquired Yoquivo late last year. Yoquivo's estimated resource of 937,000 tonnes at 570g/t silver equivalent - comprising 2.1g/t gold and 410g/t silver for 17.23 million ounces of silver equivalent - was delivered by Golden Minerals in its 2023 technical report on the Yoquivo mineral resource estimate. The silver equivalent used in the Yoquivo resource estimate was based on a gold price of US$1860 (A$2860) per ounce and a silver price of US$24 (A$36.90) per ounce. Those prices are now US$3325 (A$5112) per ounce gold and US$36.38 (A$55.93) per ounce silver.
Sydney Morning Herald
11-06-2025
- Business
- Sydney Morning Herald
Advance nails big gold-silver runs in Mexican drilling program
Advance Metals inaugural diamond drilling program at its Yoquivo silver-gold project in southwest Chihuahua, Mexico, has cored out 3.55 metres at 249 grams per tonne (g/t) silver equivalent, including 0.77m at 965g/t silver equivalent from 115.4m. The primary metals intercepts are 3.55m assaying 157g/t silver and 1.2g/t gold, including 600g/t silver and 4.8g/t gold from 115.4m. The same drill hole also delivered a separate 4.42m hit at 446g/t silver equivalent or 297g/t silver and 1.9g/t gold from 126.58m, including 1.67m at 676g/t silver equivalent or 442g/t silver and 3g/t gold from 128.15m. Both intercepts came from the company's previously modelled Pertenencia epithermal-breccia vein system. 'These are fantastic results to kick off our maiden drilling campaign at the Yoquivo project in Mexico.' Advance Metals managing director Dr Adam McKinnon Advance Metals managing director Dr Adam McKinnon said: 'The assays from hole YQ-25-001 clearly demonstrate the exceptional potential of the project, with individual silver grades up to 2250g/t and gold up to 17.2g/t. Along with the very high-grade mineralisation in the modelled Pertenencia Vein, the intersection of more than 40 metres of contiguous silver mineralisation in the footwall is also highly encouraging.' The 40m of contiguous mineralisation was discovered in other intercepts of significant zones of moderate to high grade mineralisation below Pertenencia, which do not appear to correlate with the foreign resource estimate that applied when Advance acquired Yoquivo late last year. Yoquivo's estimated resource of 937,000 tonnes at 570g/t silver equivalent - comprising 2.1g/t gold and 410g/t silver for 17.23 million ounces of silver equivalent - was delivered by Golden Minerals in its 2023 technical report on the Yoquivo mineral resource estimate. The silver equivalent used in the Yoquivo resource estimate was based on a gold price of US$1860 (A$2860) per ounce and a silver price of US$24 (A$36.90) per ounce. Those prices are now US$3325 (A$5112) per ounce gold and US$36.38 (A$55.93) per ounce silver.
The Age
05-06-2025
- Business
- The Age
Advance Metals to chase further visible gold at Victorian play
Advance Metals is charging ahead at its high-grade Myrtleford gold project in Victoria's goldfields, with regulatory approvals now secured to kick off an expanded 10-hole diamond drilling campaign across its Happy Valley Trend. Following a highly successful maiden drilling program earlier this year, Advance has received the green light under a low-impact exploration notification to recommence drilling at three key sites along the 6-kilometre Happy Valley Trend. The additional 10-hole program, set to kick off next week, will see six diamond holes plunged into Advance's Happy Valley ground to target extensions to the high-grade mineralisation intersected in the company's first four holes at the prospect. First-pass results delivered stunning gold intercepts, including an 8.2-metre hit running a stunning 22.4 grams per tonne (g/t) gold, with a meaty 3.2m portion grading 54.7g/t, a bonanza 7.5m grading 47.9g/t and a respectable 6.1m slice at 3.5g/t. Two maiden diamond holes will test the nearby Sheard's Reef prospect, 1.5km west-northwest of Happy Valley. The remaining two holes will target high-grade gold 4.5km to the east-southeast at the company's Queen of the Hills prospect, aiming to extend drilling across a 6km section of the Happy Valley trend within the Myrtleford project. Advance says site preparation is already underway, with the drilling contractor set to mobilise within the next 7-10 days, putting drilling on track to commence in mid-June. The company recently inked a binding agreement over the 418-square-kilometre Myrtleford project with Serra Energy Metals Corporation to acquire an 80 per cent stake. The project lies within the Lachlan Fold Belt, a geological powerhouse responsible for some of Australia's largest gold deposits, including the 22-million-ounce Bendigo goldfields and the high-grade Fosterville mine, Australia's lowest-cost pure gold mine. Advance's string of impressive results confirms an extraordinary historically reported hit of 11.5m at 160.4g/t gold by a former project owner, which included a jaw-dropping 0.6m at 2430g/t.
