Advance Metals (ASX: AVM) is accelerating exploration along the Happy Valley Trend at its Myrtleford project in Victoria after confirming deep, high-grade gold intersections in new drilling results.
After encountering visible gold at Happy Valley late last month, assays intersected sulphide-bearing quartz veins 140 metres deeper than any previous intersection, returning 3.7m at 16.6 grams per tonne gold from 464.5m including 0.8m at 62.3g/t from 465.6m in hole AMD014A.
The company has now vertically extended the Happy Valley mineralisation to more than 500m, with the historical target remaining open in all directions.
Further Drilling in 2026
Advance intends to continue drilling at the site into 2026, with new holes to test the continuity and grade distribution around hole AMD014A.
A second drilling rig is now in operation at the Happy Valley Trend, as the company looks to fast-track testing of the nearby Queen of the Hills prospect.
The program will be the first modern drilling of the broader trend at Myrtleford outside of the Happy Valley mine.
The company's aggressive drilling programs at Myrtleford are being fully funded by a recent $13 million placement.
Exceptional Gold Intersections
“We now have assay confirmation that the exceptional gold intersections that have defined our exploration programs at Happy Valley throughout 2025 continue to a substantial depth," managing director Dr Adam McKinnon said.
"The latest drilling shows that contiguous, high-grade gold mineralisation extends from the surface to more than 500m down-plunge, indicating that the system has scale potential to go with the incredible grades.”
The company believes AMD014A1 is the most significant hole so far completed at the Myrtleford project.
"The high-grade gold mineralisation in this hole is open in all directions—and who know what else we may uncover as the team executes the follow-up diamond drilling programs," Dr McKinnon said.
