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Pacific American Holdings Ltd. ( (AU:AVM) ) just unveiled an announcement.
Advance Metals Limited has announced a significant acquisition of the Guadalupe y Calvo Project in Chihuahua State, Mexico, from Endeavour Silver Corp. This acquisition allows Advance Metals to earn a 100% interest in the project over four years, adding substantial gold and silver resources to its portfolio. The project, located in a prolific mining region, includes extensive drilling data indicating significant mineralization potential. This move positions Advance Metals as a major player in the region, with over 100 million ounces of silver-equivalent resources across its projects, enhancing its market presence and offering potential growth opportunities for stakeholders.
More about Pacific American Holdings Ltd.
Advance Metals Limited is a company operating in the mining industry, focusing on the exploration and development of high-grade gold and silver projects. The company is expanding its portfolio in Mexico, particularly in the Sierra Madre Volcanic Belt, a region known for its rich mineral deposits.
Average Trading Volume: 3,077,389
Technical Sentiment Signal: Sell
Current Market Cap: A$12.03M
Find detailed analytics on AVM stock on TipRanks’ Stock Analysis page.