- Exceptional high-grade silver and gold results reported from final resource extension drilling at Yoquivo Project, Mexico, with notable intercept of 48.4m at 148g/t AgEq
- Significant results from hole YQ-26-020 showed mineralisation over 230m downhole, including zones of up to 1,000g/t AgEq
- Hole YQ-26-021 intercepted high-grade mineralisation of 9.4m at 633g/t AgEq in a sparsely drilled zone
- Results will contribute to maiden JORC-compliant Mineral Resource Estimate, expected in coming weeks
- Project located in Sierra Madre Occidental volcanic belt with multiple epithermal vein systems extending over 3km strike length
Advance Metals Limited (ASX: AVM) has reported exceptional high-grade silver and gold drilling results from the final resource extension holes at its 100%-owned Yoquivo Project in Chihuahua, Mexico, reinforcing confidence ahead of the project’s maiden JORC-compliant Mineral Resource Estimate (MRE).
The latest drilling in the central Pertenencia area intersected multiple zones of strong silver-gold mineralisation, highlighting both the scale and continuity of the system and supporting expectations of further resource growth.
Final assays from the program demonstrate broad, vertically extensive mineralisation, with standout results from hole YQ-26-020 confirming high-grade mineralisation over a substantial downhole zone exceeding 230 metres.
Key results include:
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48.4m at 148g/t AgEq (118g/t Ag & 0.4g/t Au) from 143.4m
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Including 0.45m at 1,000g/t AgEq and 4.4m at 587g/t AgEq
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6.5m at 244g/t AgEq from 290.4m, including 1.3m at 1,103g/t AgEq
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Additional high-grade intercepts including 2,180g/t AgEq over 0.3m
Further high-grade mineralisation was intersected in hole YQ-26-021, targeting a sparsely drilled zone:
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9.4m at 633g/t AgEq (579g/t Ag & 0.7g/t Au)
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Including 3.23m at 1,411g/t AgEq
These results confirm the strength of mineralisation across the Pertenencia system and highlight significant upside potential as the Company advances toward its maiden resource estimate.
Commenting on the results, Advance Metals Managing Director and CEO Dr Adam McKinnon said:
“These final holes represent an excellent result to complete the current phase of drilling at Yoquivo and provide further evidence of the continuity, grade and growth potential of mineralisation within the Pertenencia area. In particular, YQ-26-020 demonstrates the strength of the system over a substantial downhole zone of more than 230 metres, while YQ-26-021 has returned an exceptional high grade zone in an area with relatively limited drilling.”
“Together these results increase our confidence ahead of the updated Yoquivo MRE, which remains on track for delivery in the coming weeks.”
With drilling for this phase now complete, our focus is on delivering Yoquivo’s first JORC Mineral Resource Estimate and continuing to advance the project as a high-grade silver-gold asset in a proven mining region in Mexico.”
The completed drilling program marks a significant milestone for Advance Metals, with all results to be incorporated into an updated geological model. The upcoming MRE will represent the first JORC-compliant resource for Yoquivo and is expected in the coming weeks.
The Company will now focus on:
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Delivering the maiden Yoquivo Mineral Resource Estimate
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Undertaking technical reviews to guide future exploration
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Advancing further growth opportunities at Yoquivo
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Commencing exploration programs at the Gavilanes Project
Located within the prolific Sierra Madre Occidental volcanic belt, the Yoquivo Project hosts multiple epithermal vein systems with demonstrated strike lengths exceeding 3km, reinforcing its potential as a significant high-grade silver-gold asset.
About us:
About Advance Metals
Advance Metals Limited (ASX:AVM) is an Australian-based exploration company focused on the discovery and development of high-quality, high-grade silver and gold assets in Mexico. With an experienced management team and a strategy underpinned by aggressive exploration and strategic growth, the Company is positioned to become a significant participant in the silver-gold sector.
Contact details:
Jane Morgan
Investor & Media Relations Manager
Advance Metals Limited
+61 (0) 405 555 618
[email protected]