Advance Metals (ASX:AVM) said the mobilization of a diamond drilling rig to the Myrtleford Project in Australia is set to start on Tuesday, according to a same-day filing with the Australian bourse.
Initial drilling will test immediately above and below a previous hole, intersecting 11.5 meters at 160.4 grams per tonne of gold, and drilling is expected to continue throughout the remainder of the quarter, the filing added.
The company also raised AU$1.5 million through a placement of 34.6 million shares at AU$0.044 per share, which represents a 15% discount to the last closing price and a 6% premium to the 15-day volume weighted average price, per the filing.
The company's shares were down almost 2% in recent Tuesday trade and earlier hit a new 52-week high.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。