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Pacific American Holdings Ltd. ( (AU:AVM) ) just unveiled an update.
Advance Metals has reported exceptional final drilling results from the Pertenencia area at its Yoquivo Silver-Gold Project in Mexico, with multiple broad, high-grade silver-gold intercepts from holes YQ-26-020 and YQ-26-021. The results confirm vertically extensive mineralisation and strong grade continuity, particularly over a more than 230-metre downhole zone, reinforcing confidence in the scale and quality of the system.
These final holes complete the current drilling phase and are expected to underpin Yoquivo’s first JORC-compliant Mineral Resource Estimate, which will also represent a resource upgrade from previous foreign estimates. Management says the data strengthens the case for Yoquivo as a significant high-grade silver-gold asset, potentially enhancing Advance Metals’ growth prospects and its positioning within the regional precious metals exploration landscape.
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 as AVM, is a mineral exploration company focused on high-grade silver-gold assets. Its key project is the 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico, situated in a proven mining region that positions the company to target resource growth and future development within the precious metals sector.
Average Trading Volume: 6,006,023
Technical Sentiment Signal: Sell
Current Market Cap: A$42.39M
For an in-depth examination of AVM stock, go to TipRanks’ Overview page.