Source: Advance Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Advance Metals (AVM) commences exploration and expands its Anderson Creek Gold Project in Idaho
  • The company completed a staking program which expanded the project by 200 per cent
  • The new area has similar geology to other areas of the project and is mostly underexplored
  • Advance Metals is now completing an exploration program, which aims to define new geological targets through geochemical and soil sampling
  • Shares are trading flat at 1.1 cents each at market close

Advance Metals (AVM) has commenced exploration and expanded its Anderson Creek Gold Project in Idaho.

The company completed a staking program which expanded the project by 200 per cent.

The new area has similar geology to other areas of the project and is mostly underexplored.

After identifying new targets from a geological review, AVM mobilised ground crews to begin a mapping and soil sampling program.

This is part of its wider Anderson Creek Exploration program, which is aiming to define new drill targets, develop conceptual geological models, report a maiden JORC exploration target, and submit exploration permits to commence a drilling program.

In addition, a satellite imagery survey was conducted which detected new areas of potential mineralisation.

Chairman Geoff Hill said the expanded area shows a lot of potential.

“The teams on the ground will be mapping and taking samples in the newly claimed areas so we can commence the drilling permitting process,” he said.

Shares were trading flat at 1.1 cents each at market close.

AVM by the numbers
More From The Market Herald
The Market Herald Video

" Woomera Mining (ASX:WML) appoints Jason Livingstone as new Managing Director

Mineral explorer Woomera Mining (ASX:WML) has appointed Jason Livingstone as its new Managing Director, effective from…
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Baby Bunting (ASX:BBN) - Chair and Non Executive Director, Melanie Wilson

" Baby Bunting (ASX:BBN) surpasses $500m sales for the first time

Baby goods retailer Baby Bunting (ASX:BBN) surpasses half a billion dollars in sales for the first…