The company says less than 1 per cent of the 13km-long Happy Valley Trend has been tested by drilling to date, and it will now ramp up efforts to chase high-grade mineralisation up and down plunge and along strike.
Assays are still pending for four holes drilled at Advanceโs Twist Creek prospect, 45km north-northwest of Happy Valley. Results from its targeted Scandinavia and Victoria prospects at Twist Creek are expected in mid-June.
Advance is also keeping the drill bit spinning at its recently acquired Yoquivo silver-gold project in Chihuahua, Mexico, where a 3000m maiden diamond drilling campaign is underway. Assays from the program targeting high-grade epithermal vein systems building on previous intersections, such as 6.2m at 2404g/t silver and 17.2g/t gold, are expected in the second half of this month.
Yoquivo hosts a non-JORC foreign resource estimate of 937,000 tonnes at 570g/t silver equivalent for 17.23M ounces of silver, a stunningly high-grade deposit that Advance is no doubt eager to expand.
Advanceโs dual focus on the Victorian goldfields and Mexicoโs silver-rich Chihuahua region positions it to capitalise on soaring precious metal prices, with gold above $5100 per ounce and silver holding steady above $46 per ounce.
With approvals in hand, drills ready to turn and a pipeline of assay results on the horizon, Advance Metals will look to deliver a stream of further high-grade results to the market. It seems the company is really leaning into a serious precious metals run and the adage that grade is king.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
About The Author
