Join our daily newsletter At The Bell to receive exclusive market insights
- Advance Metals (AVM) begins groundwork to define drill targets at its Garnet Creek project in Western Idaho
- Ground crews have been mobilised to site to undertake structural mapping as well as soil, geochemical and rock chip sampling
- Following expansion of the project area, AVM hopes to gain a better understanding of the mineralisation controls and potential extensions for a JORC exploration target report
- Company Chairman Geoff Hill says AVM spent six months planning for this exploration campaign and is excited about the mineral prospectivity of the project
- Advance shares are down 11 per cent trading at 0.8 cents at market close
Advance Metals (AVM) has begun groundwork to define drill targets at its Garnet Creek project in Western Idaho.
With the notice of intent exploration permit in hand, the company has mobilised ground crews to start exploration activities across the copper and strategic minerals project.
In this vein, Advance completed aeromagnetic surveys and has interpreted the data to define exploration areas.
Company Chairman Geoff Hill said AVM spent six months planning for this exploration campaign, which will include structural mapping as well as soil, geochemical and rock chip sampling, with the overall objective of developing drill targets.
As announced in May, local exploration company Ethos Geological Consulting has been tasked with undertaking the sampling and mapping activities, while members of the AVM team manage the day-to-day implementation of the campaign.
The 2022 exploration activities follow on from expansion of the project area in January 2022, to comprise 78 federal mining claims, four times larger than its original footprint.
Through this work, Advance hopes to gain a better understanding of the mineralisation controls and potential extensions of the deposit, as it looks to complete a JORC exploration target report.
Garnet Creek adjoins historic operating mines that reportedly produced copper grades up to five per cent.
Mr Hill said the company is excited about the mineral prospectivity of the project, and believes copper plays an “essential” role in the growth and sustainability of the economy.
Company shares were down 11 per cent trading at 0.8 cents at market close.
