Happy Valley is just the starter at Advance Metals’ Myrtleford project. The company says its project sits within in a 13km trend that is littered with old workings – always a good sign of mineralisation.
For the time being Advance has parked the last four holes of the program on Queen of the Hills and Sheard’s Reef – both previously untested by the drill bit.
While Victoria looks to be humming along, the company’s Mexican silver projects are also quckly developing, particularly with the silver price riding high.
Its three-project focus of Yoquivo, Guadalupe y Calvo (GyC) and Gavilanes, all lie within the prolific Sierra Madre volcanic belt.
The projects already pack a combined 100-million-ounce silver equivalent punch in non-JORC foreign estimates, with the company confident it can double that number into a JORC compliant resource quickly.
A $13 million placement closed earlier this month and has the company’s treasury loaded for an all-out follow-up assault.
With the Victorian goldfields back in the spotlight, Advance is flat out chasing the next batch of numbers that could redraw its Myrtleford map, whilst keeping a keen eye on its precious metals plays across the pond.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
