Myrtleford Drilling Delivers Exceptional Gold Results Up to 446g/t
Advance Metals Limited has reported extraordinary new assay results from its diamond drilling program at the Myrtleford Gold Project in Victoria, establishing a clear zone of ultra-high grade gold mineralisation with significant expansion potential.
Multiple High-Grade Gold Zones Define Outstanding Discovery Potential
The company's latest results from diamond drill holes AMD002 and AMD003 at the Happy Valley Prospect have revealed exceptional gold mineralisation across multiple zones, highlighted by 7.5 meters at 47.9g/t gold including an incredible 1.3 meters at 271.6g/t gold in hole AMD003. Peak assays reached an astounding 446g/t gold (approximately 14.3 oz/ton), marking one of the best holes ever drilled at the project.
Hole AMD003 delivered three separate high-grade zones:
- 3.3 meters at 11.0g/t Au from 156.5m
- 6.1 meters at 5.8g/t Au from 165.5m
- 7.5 meters at 47.9g/t Au from 178.1m
These results follow the company's previously announced exceptional intersection in AMD001 of 8.2 meters at 22.4g/t Au including 3.2 meters at 54.7g/t Au, confirming the presence of a coherent ultra-high grade zone with potential extensions in multiple directions.
Technical Understanding: Visible Gold in Quartz Veins
The gold results by Advance Metals Ltd occur predominantly as visible gold within quartz veins associated with arsenopyrite and other sulphides. A standout example was observed in AMD003 at 180.0 meters where abundant visible gold grains hosted within an arsenopyrite vein in milky quartz returned 0.7 meters at 446g/t gold.
This style of mineralisation is typical of the Victorian Goldfields, where high-grade gold is often associated with quartz veins that follow structural features such as faults and shear zones. The presence of visible gold in drill core is particularly significant as it frequently correlates with exceptional assay results, though proper laboratory analysis is always required to determine actual grades.
Systematic Exploration Program Yielding Results
Advance Metals' strategic approach at Myrtleford is paying dividends with all four holes in the current program intersecting visible gold. The company's fourth hole (AMD004) has also intersected visible gold, with assays pending.
What makes these results particularly compelling is that the Happy Valley prospect represents just a tiny portion of the project's potential. The company highlighted that less than 1% of the 13km-long Happy Valley trend has been tested by drilling to date, pointing to vast exploration upside.
Based on the current drilling results, the company is now defining a coherent ultra-high grade zone with potential extensions down-plunge and along strike. The recently completed hole AMD004 targeted a down-plunge extension to the known high-grade zone with visible gold observed at multiple intervals.
Advancing the Project: Next Steps and Timeline
Advance Metals is executing a well-defined plan to progress the Myrtleford project:
- Completion of assays for hole AMD004, expected in late April 2025
- Drilling has commenced at the Twist Creek prospect, located 45km from Happy Valley, following up previous shallow drill intercepts including 1.6m at 17.0g/t Au
- Ongoing mapping and rock chip sampling across multiple targets within the project
- Design of follow-up drilling at Happy Valley once all pending assays are received
This systematic approach demonstrates the company's commitment to methodically exploring the extensive potential at Myrtleford.
Investment Case: Why Advance Metals Deserves Attention
Advance Metals presents a compelling investment case for several key reasons:
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Exceptional Grades: The consistent ultra-high grade gold results by Advance Metals Ltd (up to 446g/t Au) place Myrtleford among the highest-grade gold projects globally.
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Scale Potential: With less than 1% of the 13km Happy Valley trend tested by drilling, the project offers enormous exploration upside.
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Strategic Location: The Victorian Goldfields are a proven world-class gold province with excellent infrastructure and mining services.
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Favorable Joint Venture: Advance's binding agreement to acquire an 80% interest in the Myrtleford and Beaufort Gold Projects provides significant leverage to exploration success.
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Technical Expertise: Managing Director Adam McKinnon brings valuable geological expertise to guide the exploration program effectively.
Potential Catalysts to Watch
Investors should watch for several upcoming catalysts that could drive share price appreciation:
- Assay results from AMD004, expected in late April 2025
- Results from the newly commenced drilling at Twist Creek
- Rock chip sampling results from regional targets
- Announcement of follow-up drilling plans for Happy Valley
- Potential resource definition as the drilling database expands
Advance Metals' exceptional gold results by Advance Metals Ltd at Myrtleford demonstrate the high-grade nature of the gold system and significant exploration potential across the broader project area. With multiple zones of mineralisation identified and a clear path forward, the company is well-positioned to build on these early successes as exploration continues.
Are You Ready to Capitalise on Victoria's Next High-Grade Gold Discovery?
Don't miss the opportunity to be part of Advance Metals' exciting gold story at Myrtleford. With exceptional results up to 446g/t gold and multiple high-grade zones identified across a barely tested 13km trend, the investment potential is compelling. To learn more about this emerging Victorian gold opportunity and stay updated on future exploration results, visit Advance Metals' investor page today.
