Articles by Andrew Todd

Technology

Advance doubles down on visible gold hits at emerging Victorian play

Advance Metals is firing up a second diamond drill rig at its Happy Valley trend in Victoria’s goldfields, to chase up recent visible gold hits at depth. The company says Happy Valley remains open both down-plunge and along-strike at the high priority prospect within its broader Myrtleford project landholding. The recent gold extensions struck 140m below the deepest prior hit at Happy Valley, pushing the high-grade envelope past the 500m vertical mark, with Advance confident the system remains wide open at depth. Assays from the breakthrough hole which was littered with visible gold are due in three to four weeks, with the lab numbers set to steer the next round of step-outs.

Technology

Advance collects cheap silver and gold from untested core in Mexico

The new data dovetails with Advance’s own recent 3111m program that closed with a 1.11m hit running an epic 2063g/t silver equivalent at a 60-70m down-dip step-out from historic resources. Combining the untested core and the assays will refresh the geological model and feed straight into the company’s ongoing JORC resource upgrade scheduled for first quarter of next year. The company says a diamond rig is trucking to site this week, with initial holes to chase down-plunge and along-strike extensions from its southern high-grade shoots. Advance Metals managing director Dr Adam McKinnon said: “The high-grade silver and gold mineralisation encountered in this first batch from the southern part of Pertenencia represent only a tiny portion of the material we are planning to re-log and sample, and I’m very much looking forward to what else might be present in these samples.” The Yoquivo foreign estimate still only stands at 937,000 tonnes grading a considerable 570g/t silver equivalent for 17.23 million ounces.