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Pacific American Holdings Ltd. ( (AU:AVM) ) has provided an announcement.
Advance Metals has reported strong results from an extensive, low-cost program to sample about 5,000 metres of previously unassayed historic core at its Yoquivo Silver-Gold Project in Mexico, with assays received for 3,516 metres showing elevated silver and/or gold over 519 metres and multiple new high-grade intervals. By applying universal rather than selective sampling, the company has delineated exceptionally broad zones of contiguous mineralisation in the central part of the deposit, which, together with ongoing drilling and an upcoming JORC resource upgrade, positions Yoquivo for potential expansion of its existing foreign resource base and opens up the possibility of both high-grade underground and bulk-tonnage open-pit development scenarios, enhancing the project’s strategic value for shareholders.
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 (ASX: AVM), formerly Pacific American Holdings, is an Australian-listed exploration company focused on high-grade silver and gold projects. Its flagship asset is the 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico, where the company is targeting both high-grade underground and potential bulk-tonnage open-pit resources in a well-endowed precious metals district.
Average Trading Volume: 6,852,379
Technical Sentiment Signal: Buy
Current Market Cap: A$65.94M
Find detailed analytics on AVM stock on TipRanks’ Stock Analysis page.