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Pacific American Holdings Ltd. ( (AU:AVM) ) has provided an update.
Advance Metals Limited has announced significant progress in its mining projects, particularly in Mexico and Australia. The company secured the right to a 100% interest in the Guadalupe y Calvo Gold-Silver Project in Mexico, enhancing its regional presence with substantial silver-equivalent resources. Additionally, it completed a successful drilling campaign at the Yoquivo Silver-Gold Project, revealing high-grade mineralization. In Australia, the company continued exploration at the Myrtleford Gold Project, reporting promising results. The company also raised $13 million through a placement and implemented significant board changes, including the appointment of a new Non-Executive Chairman.
More about Pacific American Holdings Ltd.
Advance Metals Limited is a company operating in the mining industry, focusing on the exploration and development of gold and silver projects. The company is engaged in projects across Mexico and Australia, with a significant emphasis on high-grade mineral deposits.
Average Trading Volume: 6,910,615
Technical Sentiment Signal: Buy
Current Market Cap: A$34.32M
For a thorough assessment of AVM stock, go to TipRanks’ Stock Analysis page.