Grafa
Written by Heidi Cuthbert
Advance Metals reports 29% gold grade upgrade at Myrtleford
Advance Metals (ASX:AVM) announced upgraded high-grade gold results from its Happy Valley Prospect in Victoria, following a re-assay program of previously drilled samples. The revised screen fire assays, superior for coarse gold, showed significant improvements, with one key drill interval grade increasing by 29% to 28.8 g/t gold. The two highest-grade intervals saw strong upgrades, with drill hole AMD001 increasing to 28.8 g/t Au and AMD003 rising 15% to 55.0 g/t Au. The company also received initial high-grade results from new shallow peripheral holes, improving the understanding of the ultra-high grade zone in central Happy Valley. Advance Metals stated that drilling is continuing at Happy Valley to extend mineralisation, with plans to commence drilling at new prospects along the trend upon completion.
The revised screen fire assays, superior for coarse gold, showed significant improvements, with one key drill interval grade increasing by 29% to 28.8 g/t gold.
The two highest-grade intervals saw strong upgrades, with drill hole AMD001 increasing to 28.8 g/t Au and AMD003 rising 15% to 55.0 g/t Au.
The company also received initial high-grade results from new shallow peripheral holes, improving the understanding of the ultra-high grade zone in central Happy Valley.
Advance Metals stated that drilling is continuing at Happy Valley to extend mineralisation, with plans to commence drilling at new prospects along the trend upon completion.