TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Pacific American Holdings Ltd. ( (AU:AVM) ) has shared an update.
Advance Metals Limited announced the successful intersection of visible gold during a deep drilling program at its Happy Valley deposit in the Victorian Goldfields. The discovery, made 140 meters below previous findings, suggests a high-grade gold system that extends over 500 meters vertically and remains open in all directions, indicating significant expansion potential. The company is currently processing the core samples, with assay results expected in the coming weeks. This exploration is fully funded following a recent $13 million placement, underscoring the company’s commitment to advancing its exploration efforts.
More about Pacific American Holdings Ltd.
Advance Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold exploration activities, with a significant presence in the Victorian Goldfields, a renowned area for gold deposits.
Average Trading Volume: 8,001,467
Technical Sentiment Signal: Buy
Current Market Cap: A$35.49M
See more data about AVM stock on TipRanks’ Stock Analysis page.