Advance Metals (ASX:AVM) Reports High-Grade Gold Results as Happy Valley Model Refines Targets

AVM

2 min read | July 06, 2026 11:10 AM AEST | By Sonal Goyal

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Advance Metals (ASX:AVM) Reports High-Grade Gold Results as Happy Valley Model Refines Targets — Image source: AVM Update

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Highlights

Advance Metals has reported additional high-grade gold intercepts from the Happy Valley drilling program.

A new 3D geological model identified three gold-bearing quartz veins extending beyond 500m below surface.

Regional exploration is progressing along the 16km Magpie-Barwidgee trend.

Initial rock-chip sampling has been completed at the Beaufort Gold Project, with assay results pending.

The company plans to continue regional exploration and refine future drill targets across its Victorian gold projects.

Advance Metals Limited (ASX:AVM) has announced final assay results from its Happy Valley drilling program alongside the completion of a detailed 3D geological model at its Myrtleford Gold Project in Victoria. The geological model improved understanding of the structural controls on gold mineralisation and is expected to guide future drilling at Happy Valley and across the Myrtleford Project.

Meanwhile, regional exploration activities continue along the Magpie-Barwidgee trend . Also, the company has completed initial sampling at the Beaufort Gold Project with assay results awaited.

High-Grade Gold Results Extend Happy Valley Dataset

The company has received the final assay results from recent drilling at the Happy Valley Deposit , adding further high-grade intercepts to the exploration dataset.

Among the latest results, hole AMD029A returned 1.8mat 15.2 g/t Au from 132.3m, including 0.2m at 131.5 g/t Au from 132.3m

Another drill hole, AMD030 , intersected 1.3m at 4.65 g/t gold from 324.0m .

The company plans to further evaluate the high-grade potential at Happy Valley.

AVM shares were trading at AUD 0.073 per share at the time of writing on 6 July 2026.

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