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An update from Pacific American Holdings Ltd. ( (AU:AVM) ) is now available.
Advance Metals Limited has announced significant high-grade gold assay results from its deep drilling at the Happy Valley Deposit in the Victorian Goldfields, Australia. The results confirm the presence of high-grade gold mineralization extending over 500 meters vertically, with the system remaining open in all directions. This development marks a major advancement in the company’s exploration efforts, with a second diamond rig mobilized to accelerate drilling along the Happy Valley Trend. The company is also initiating a maiden drilling program at the Queen of the Hills prospect, potentially adding significant value to its high-grade discovery in the region.
More about Pacific American Holdings Ltd.
Advance Metals Limited, trading as Pacific American Holdings Ltd., operates in the mining industry with a focus on gold exploration. The company is primarily engaged in the exploration and development of gold deposits, particularly in the Victorian Goldfields of Australia. Their operations are centered around the Myrtleford Project, which includes the Happy Valley Deposit and the Queen of the Hills prospect.
Average Trading Volume: 7,972,264
Technical Sentiment Signal: Buy
Current Market Cap: A$35.49M
For a thorough assessment of AVM stock, go to TipRanks’ Stock Analysis page.