Advance Metals Limited has today announced significant assay results from its deep drilling at the Company’s Happy Valley deposit in the Victorian Goldfields, confirming high-grade gold mineralization at greater depths and strengthening the project’s potential emerging scale.
The Company has reported a major extension to the known mineralized system through deep diamond drill hole AMD014A, which intersected 3.7 meters at 16.6 g/t gold from 464.5 meters, including 0.8 meters at 62.3 g/t gold.
These new results push high-grade mineralization an additional 140 meters down-plunge, with the system now defined over more than 500 vertical meters and remaining open in all directions.
The results follow a series of high-grade intercepts returned earlier this year and come as Advance Metals accelerates its exploration programs across the broader Happy Valley Trend.
A second diamond drill rig is now in operation at the Queen of the Hills Prospect, marking the first modern drilling undertaken outside the Happy Valley Mine along this historic trend.
Commenting on the high grade assay results from diamond hole AMD014A, Managing Director Dr Adam McKinnon said:
“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. The latest drilling shows that contiguous, high grade gold mineralization extends from the surface to more than 500 m down-plunge, indicating that the system has scale potential to go with the incredible grades.”
“Given that these results have extended Happy Valley more than 140 meters down-plunge, I believe that AMD014A is the single most significant hole completed at the Myrtleford Project to date. The high grade gold mineralization 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.”
“I am also very excited that we have now commenced a maiden drilling program at the Queen of the Hills prospect. This represents the first modern drilling of the broader trend outside of the Happy Valley Mine and could add significant value to the emerging high grade discovery in the region.”
The drilling program will continue into CY2026, with further holes planned to assess continuity around AMD014A and test for additional depth extensions. Further approvals are also being sought to facilitate deeper drilling as the Company’s exploration efforts progress.