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An update from Pacific American Holdings Ltd. ( (AU:AVM) ) is now available.
Advance Metals reported a strong March quarter marked by continued drilling success at its Yoquivo silver-gold project in Mexico and the Myrtleford Gold Project in Australia. The company also divested its non-core Elko coking coal asset in Canada, sharpening its focus on precious metals and strengthening its balance sheet.
At Yoquivo, broad and high-grade intersections, supported by re-sampling of historic core, confirmed the scale, continuity and robustness of mineralisation across multiple zones. These results underpinned a maiden JORC 2012 Inferred Mineral Resource Estimate of 8.8 million tonnes at 120 grams per tonne silver equivalent for 33 million ounces silver equivalent, with mineralisation from surface supporting both open pit and underground mining scenarios.
In Australia, drilling at the high-grade Myrtleford Gold Project identified a new mineralised zone and expanded the gold footprint along the 13-kilometre Happy Valley trend, indicating district-scale potential. With these exploration advances and a streamlined portfolio, Advance Metals signalled strong operational momentum and multiple near-term catalysts for further growth and value creation through 2026.
More about Pacific American Holdings Ltd.
Advance Metals Limited is an ASX-listed silver and gold exploration company focused on developing high-grade precious metals projects across Mexico and Australia. Its portfolio is centred on the Yoquivo silver-gold project in Mexico and the Myrtleford Gold Project in Victoria, with an emphasis on building resource scale and pursuing multiple development pathways in these jurisdictions.
Average Trading Volume: 4,799,216
Technical Sentiment Signal: Sell
Current Market Cap: A$44.05M
Find detailed analytics on AVM stock on TipRanks’ Stock Analysis page.