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The latest update is out from Pacific American Holdings Ltd. ( (AU:AVM) ).
Advance Metals Limited, an exploration company, has announced its initiation of a diamond drilling program at the Myrtleford Gold Project in the Victorian Goldfields, Australia. With a recent acquisition of an 80% interest in the high-grade gold projects Myrtleford and Beaufort through a joint venture with Serra Energy Metals Corp., the company is set to explore this prolific historic gold district. The project spans 475 km² and includes several high-grade structural trends and over 70 past-producing underground mines. Advance Metals is focusing its initial exploration on the Happy Valley Trend, aiming to confirm and extend previous high-grade gold intersections. The company anticipates significant potential for new discoveries, given the limited modern exploration in the area, and has submitted necessary notifications to proceed with low-impact, non-ground disturbing exploration actions.
More about Pacific American Holdings Ltd.
YTD Price Performance: 13.33%
Average Trading Volume: 2,540,908
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.56M
Learn more about AVM stock on TipRanks’ Stock Analysis page.
