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Highlights:
Advance Metals confirms visible gold in multiple drill holes at Myrtleford in Victoria
Highest assay reported includes ultra-high-grade results with multiple mineralised zones
Latest drilling extends the known system to the north-west, with further assays pending
Advance Metals (ASX:AVM) is progressing its exploration activities within the Victorian goldfields through its maiden drilling program at the Myrtleford prospect. The company is advancing towards acquiring a significant stake in the project under a binding agreement with Serra Energy Metals. The exploration effort has yielded high-grade assay results, indicating strong mineralisation within the project area.
Visible Gold and High-Grade Intersections
The company has reported several zones containing visible gold from the initial drilling efforts. One of the standout diamond drill holes, identified as AMD003, delivered strong gold concentrations across multiple intervals. These included an intersection of mineralised material over several metres, with standout assay results displaying grades well above typical exploration benchmarks. These findings were complemented by high-intensity gold values reaching elevated gram per tonne levels, among the highest recorded in the program to date.
Extension of Mineralised System Confirmed
Drill hole AMD003 has confirmed that the gold-bearing system at Myrtleford extends to the north-west. This structural continuity supports further geological interpretation of the mineralised trend, adding valuable data for future exploration phases. The diamond hole revealed various high-grade zones throughout the interval, indicating a consistent presence of gold mineralisation across multiple levels of the drill section.
Additional Assays and Drilling Results
In addition to AMD003, other drill holes, including AMD002, have returned promising assay results. The mineralised zones in AMD002 reinforce the presence of a broader high-grade system across the project area. Another diamond hole, AMD004, has been recently completed and has also intersected visible gold at several depths. Assay results from this hole are currently awaited, which may contribute further detail to the mineralogical characteristics of the deposit.
Strategic Significance of the Myrtleford Project
The Myrtleford region is located within a historically productive goldfield known for its high-grade vein systems. Advance Metals is undertaking this program as part of its broader strategy to develop exploration-stage projects with high mineral content. The current drilling campaign marks a significant step in verifying the geological model through physical core evidence and lab-confirmed grades. The combination of visible gold, high assay readings, and continuity of mineralisation presents new geological data for interpretation and further evaluation.
Structural Features and Geological Indicators
The presence of visible gold throughout the drilling stages, including across various depths, has highlighted multiple mineralised zones. These zones display structural features consistent with lode-style gold mineralisation typical of the region. The intersections align with historic geological data suggesting continuity along the fault zones within the Happy Valley segment of the Myrtleford prospect. The use of diamond drilling has enabled the recovery of detailed core samples, facilitating a clearer understanding of the deposit’s geometry and mineral dispersion.
