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Pacific American Holdings Ltd. ( (AU:AVM) ) has issued an update.
Advance Metals has reported further strong drilling results from its Yoquivo Silver-Gold Project in Mexico, with broad high-grade silver-gold intersections at the central Pertenencia zone confirming scale and continuity of mineralisation. These results, including a key scissor hole that validates mineralisation in multiple directions, underpin a near-term JORC Mineral Resource upgrade.
The new data, combined with earlier historic core resampling that revealed extensive moderate-grade zones, is prompting the company to reassess Yoquivo from a narrow-vein underground concept to a larger-scale development that could incorporate bulk-tonnage open-pit mining. With drilling continuing across multiple prospects and higher prevailing metal prices, the upcoming resource update may reshape the project’s development scenarios and enhance its growth appeal for stakeholders.
The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.
More about Pacific American Holdings Ltd.
Advance Metals Limited, listed on the ASX under the code AVM, is a mineral exploration and development company focused on silver and gold projects. Its key asset is the 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico, where it is targeting both high-grade underground mineralisation and bulk-tonnage, potentially open-pittable resources.
Average Trading Volume: 5,984,029
Technical Sentiment Signal: Buy
Current Market Cap: A$63.58M
For a thorough assessment of AVM stock, go to TipRanks’ Stock Analysis page.