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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.064 -0.024 (-27.27%)+
Announcement
Release
29 Oct 2025 8:20AM
Price at Release
$0.088
Full Release
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Summary
Advance Metals Limited (ASX:AVM) announced the intersection of visible gold at the Happy Valley deposit, part of the Myrtleford Project in Victoria, Australia. The visible gold was found 140 meters below the previous deepest hit, indicating significant potential for expansion as the mineralisation remains open in all directions. The high-grade gold system is now believed to extend over 500 meters vertically. The ongoing exploration is fully funded following a recent $13 million placement. Assay results for the latest drilling campaign are expected by late November or early December 2025.
Key Points
  • Visible gold intersected 140m below previous deepest hit.
  • Mineralisation remains open in all directions.
  • High-grade gold system potentially extends over 500m vertically.
  • Exploration fully funded after $13 million placement.
  • Assay results expected in 4-5 weeks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.