Advance Metals Limited has provided an update on its freshly recommenced diamond drilling program at the Myrtleford Project in the Victorian Goldfields. The company is targeting extensions to high-grade gold mineralisation at its Happy Valley Prospect, with the initial hole, AMD009, returning visible gold across three down-hole zones at a depth of 224.1 metres. This new intersection appears to be contiguous with the previously reported high-grade zone defined in AMD003, which had recorded an intersection of 7.5 metres at approximately 47.9 g/t gold. Although these visual assessments of gold are yet to be confirmed by laboratory assays—expected in the first half of August 2025—the preliminary observations have raised considerable interest in the potential expansion of the deposit’s central portion. The announcement also detailed additional drilling initiatives at a separate twist in the project’s exploration strategy. At the Twist Creek area, located about 40 kilometres north of the Happy Valley Prospect, four shallow holes returned notable, though lower, gold intersections. One drill hole (AMD007) intercepted 1.1 metres at 8.4 g/t gold, while AMD006 and AMD008 produced minor intersections at 2.3 g/t and 0.5 g/t gold respectively. Advance Metals Limited’s technical team is currently reviewing these parallel structures, suggesting there may be further targets worthy of exploration outside the immediate high-grade zone. Managing Director Dr Adam McKinnon noted that the visible gold results in AMD009 not only validate the high-grade discoveries from earlier holes but also offer the potential to expand the deposit in multiple directions, both vertically and laterally. The company plans to continue drilling in the Happy Valley region with the next hole positioned immediately up-dip from AMD003, indicating a sustained exploration effort that could yield significant results in the months ahead. The market reaction may tilt among different investor views. On the bullish side, the outstanding visible gold in AMD009 and its apparent continuity with high-grade zones reinforce confidence in the project’s potential as further assays could confirm an expanding, high-grade gold system. This new drilling phase, if substantiated by upcoming assay results, could provide strong momentum and a strategic catalyst for potential value enhancement. Conversely, a bearish perspective might caution that the reliance on visual assessments until laboratory confirmation introduces uncertainty, and the lower-grade intersections in the Twist Creek area suggest that not all areas within the project exhibit the same robust mineralisation. For beginner traders, this means while the exploration results are promising, they must remain mindful of the inherent risks until the assay data fully endorse the preliminary findings. Overall, Advance Metals Limited’s renewed drilling activities at the Myrtleford Project signal continued exploration progress with a promising indication of high-grade gold mineralisation, although the true potential of these results remains to be validated by upcoming analytical data.