Advance Metals Limited (ASX:AVM) is pleased to announce that diamond drilling has commenced at its 100%-owned Gavilanes Silver Project in western Durango, Mexico. Advance’s technical team are now fully mobilised to the site, with the upcoming diamond program representing the first on-ground exploration undertaken by the Company at Gavilanes since its acquisition last year.
Commenting on the commencement of diamond drilling at Gavilanes, Advance’s Managing Director & CEO Dr Adam McKinnon said: “The commencement of drilling at Gavilanes is an important milestone for Advance and represents the next phase of our Mexican silver growth strategy.
“Following the successful delivery of our maiden 33Moz AgEq JORC Resource at Yoquivo, we are now applying the same disciplined and systematic approach at Gavilanes, combining targeted diamond drilling with a review and sampling of historic core to unlock value from another high grade Mexican silver system.”
“Gavilanes already hosts a substantial high grade Foreign Estimate and previous drilling has returned exceptional silver grades from shallow depths. Our maiden program is designed to test extensions to the known mineralisation, assess new discovery targets and generate the data required to support a planned JORC Resource upgrade later this year.”
“With drilling now underway and additional historic core sampling planned, Gavilanes has the potential to deliver strong news flow as Advance continues to build a focused precious metals portfolio across Mexico and Australia.”
Read more: https://t.co/2tz0OmvRBc
#silver #gold #exploration #Mexico #Victoria
Exploration company @advancemetltd has kicked off a 4500m drilling program at its high-grade Gavilanes silver project in Mexico, aiming to upgrade a 22.4-million-ounce silver equivalent foreign estimate.
$AVM @smh
https://t.co/dxbnkG9QdF
Advanced Metals recently visited its Myrtleford and Beaufort Projects in Victoria, reviewing drill core from recent exploration and inspecting operations at site.
MD Adam McKinnon, Non-Executive Director Craig Stranger and Exploration Manager Shane Mele examined quartz veins with visible sulphide mineralisation from AMD003, highlighting the strong geological potential across the projects as exploration continues.
Advanced Metals (ASX:AVM) has been recognised in @ReportRockNews’s Best Weekly Gold Drill Intercepts (ASX | 2–6 March) for drilling at the Yoquivo Project in Mexico.
The result of 0.90 g/t Au over 67.88m ranked among notable gold intercepts reported by ASX companies during the week.
#silver #gold #exploration #Mexico #Victoria
@GrogsGamut Incorrect.
The Superannuation Sole Purpose test which is outlined in section 62 of the SIS Act requires that the superannuation fund is maintained only for the purpose of providing benefits to its members upon their retirement, or for beneficiaries if a member dies.