Exploration update from Advance Metals Limited

Advance Metals Limited (ASX:AVM) has announced significant high-grade gold assay results from the Augustus Project in Arizona. The initial assay results confirm high-grade gold mineralisation at Augustus, with channel samples across the vein revealing gold ranging from 0.02g/t to 116.7g/t Au. The program sampled shallow dipping listric veins and stockworks across the project area, with roughly fifty veins mapped at the surface. The company has reported gold results from the assay, highlighting potentially rich mineralized systems starting at the surface.

Executive Commentary

The recent assay results from the Augustus Project are highly encouraging and validate our belief in the significant exploration potential of the area. The high-grade gold mineralisation, as indicated by the channel samples, underscores the prospectivity of the project. We are pleased with the progress and remain committed to further exploration and development efforts at the Augustus Project. The upcoming mapping results and additional assays from subsequent sampling programs are expected to provide further insights into the project's potential.

Exploration Update Summary

Advance Metals Limited (ASX:AVM) has reported significant high-grade gold assay results from the Augustus Project in Arizona. The initial assay results confirm high-grade gold mineralisation at Augustus, with channel samples across the vein revealing gold ranging from 0.02g/t to 116.7g/t Au. The company has identified roughly fifty veins with a strike length of 6,583 meters mapped at the surface, indicating the potential for widespread gold and copper mineralisation. The upcoming mapping results and further assays from subsequent sampling programs are expected to provide valuable information for the company's future exploration and development plans at the Augustus Project.