Pacific American Holdings Ltd. ( (AU:AVM) ) has provided an update.
Advance Metals Limited has announced promising initial results from its maiden diamond drilling program at the Myrtleford Project in the Victorian Goldfields, Australia. The first diamond hole, AMD001, intersected multiple zones with visible gold mineralization, suggesting the potential for contiguous and geologically predictable gold zones. The company is continuing its drilling efforts to further explore the Happy Valley Prospect, with full assay results expected by the end of March 2025. This development could significantly enhance Advance’s position in the gold mining industry, offering potential benefits for stakeholders.
More about Pacific American Holdings Ltd.
Advance Metals Limited operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects located in the Victorian Goldfields, Australia, with a primary focus on the Myrtleford and Beaufort Gold Projects.
YTD Price Performance: 44.12%
Average Trading Volume: 2,299,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.95M
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