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Pacific American Holdings Ltd. ( (AU:AVM) ) has provided an announcement.
Advance Metals has announced its acquisition of interests in two high-grade projects: an 80% interest in the Myrtleford and Beaufort Gold Projects in Victoria, Australia, and a 100% interest in the Gavilanes Silver Project in Durango, Mexico. The Australian projects are situated in the Victorian Goldfields, a historically rich gold-producing region, and offer substantial exploration potential due to numerous mineralized structures and historic mines. The Gavilanes Silver Project in Mexico is notable for its significant silver equivalent resources and remains largely unexplored, presenting a considerable opportunity for further development. These acquisitions position Advance Metals as a significant player in the gold and silver mining industry, potentially enhancing its market standing and offering growth opportunities for stakeholders.
More about Pacific American Holdings Ltd.
YTD Price Performance: 13.33%
Average Trading Volume: 2,331,598
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.73M
Find detailed analytics on AVM stock on TipRanks’ Stock Analysis page.