AVM.ASX: Myrtleford and Beaufort Gold Exploration Update

Myrtleford and Beaufort Gold Exploration Update

Stock	Advance Metals Ltd (AVM.ASX)
Release Time	6 Jul 2026, 8:24 a.m.
Price Sensitive	Yes

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Advance Metals Updates Myrtleford and Beaufort Gold Exploration

Key Points

High-grade gold results from Happy Valley drilling
New 3D geological model completed
Ongoing regional exploration along Magpie-Barwidgee trend
Rock chip samples collected at Beaufort, assays pending

Full Summary

Advance Metals Limited (ASX:AVM) has provided an update on its Myrtleford and Beaufort Gold Projects in the Victorian Goldfields. Final assays from Happy Valley drilling have returned promising results, including 1.8 metres at 15.2 g/t Au from 132.3m with 0.2 metres at 131.5 g/t Au. A new 3D geological model has been completed, highlighting three main gold-bearing quartz veins extending to at least 500m below surface. Regional exploration continues along the 16km Magpie-Barwidgee trend at Myrtleford, with high priority targets identified. At the Beaufort Gold Project, rock chip sampling has been completed, and assays are pending to assess potential drill targets.

Outlook

Advance Metals is optimistic about the potential for high-grade gold extensions at Happy Valley and further exploration successes along the Magpie-Barwidgee trend and at Beaufort.