Broad drill hits expand Advance Metals Mexican silver-gold footprint

Advance Metals has delivered a second haul of strong silver-gold results from its maiden diamond drilling program at the company’s high-grade Yoquivo project in southwestern Chihuahua in Mexico.

The company’s first probe with the drill rig is chasing high-grade epithermal vein stacks in the heart of the Sierra Madre Occidental Belt, which is one of Mexico’s most promising silver-gold districts.

Advance Metals has delivered additional high-grade silver-gold intercepts from the company’s first drilling program at its Yoquivo project in Mexico.

A single drill hole has intersected a stacked series of mineralised zones, including a thick 23.8 metres averaging 85 grams per tonne (g/t) silver equivalent from 100m, followed by a 16.4m hit at 104g/t silver equivalent from 133m and 21.2m at 55g/t silver equivalent from 162.9m.

Encouragingly, a second hole pierced a shallow broad zone of mineralisation from 30m below the surface, pulling up 17.5m at 111g/t silver equivalent. Deeper down, the same hole hit 1.3m at an impressive 516g/t silver equivalent from 224.2m, 6m averaging 176g/t silver equivalent from 285m and an additional 2.2m at 285g/t from 324.7m.

The broad zones of mineralisation extend beyond the current defined envelope at Pertenencia, underscoring its strong potential for resource expansion. Geological remodelling is underway as the company targets a maiden JORC-compliant mineral resource estimate.

‘These new results show the incredible upside potential of the project.’

Advance Metals managing director Dr Adam McKinnon

The latest haul follows Advance’s first pass results that delivered stunning silver-gold intercepts, including a 3.5m hit grading 249g/t silver equivalent, a bonanza 4.42m at 676g/t and a thick 40.57m averaging 105g/t silver equivalent.

The company is now drilling a final hole in the 3000m program at the northern end of Pertenencia.

The campaign has zeroed in on the high-grade prospect, home to Yoquivo’s impressive non-JORC foreign estimate of 937,000 tonnes at a hefty 570g/t silver equivalent for a total of 17.23 million ounces silver equivalent.

Advance Metals managing director Dr Adam McKinnon said: “Following on from the strong initial assay results released for Yoquivo last month, these new results show the incredible upside potential of the project. I’ve been pleasantly surprised with how wide the intersections in the first three holes have been, representing a very significant volume of silver-gold mineralisation not currently captured by the narrow foreign estimate footprint.”

Management notes a substantial amount of historical drill core remains unassayed, hinting that some of the broader mineralised zones could be more extensive than currently defined. The company plans to re-log and sample this legacy core in the coming weeks, aiming to unlock additional value without the expense of further drilling.

The Yoquivo silver-gold project lies 210 kilometres southwest of Chihuahua city.

Advance last year entered into a binding sale agreement with Golden Minerals to acquire full ownership of seven mineral concessions covering a whopping 1975 hectares of the lucrative Sierra Madre Occidental Belt, which is also home to Canada-based Agnico Eagle’s Pinos Altos gold-silver mine and United States-based Coeur Mining’s Palmarejo silver-gold mine.

Mexico produces almost one quarter of the world’s silver supply. The precious metal is fast approaching a 13-year high and was holding firm above US$36.80 (A$56.36) an ounce in trading late last week as renewed global trade tensions bolstered demand for safe-haven assets.

Back on home turf, Advance has restarted diamond drilling at its Myrtleford gold project in the Victorian goldfields, where it is chasing a 7.9m high-grade gold lode that coughed up a whopping 47.9g/t of the precious yellow metal.

It seems Advance’s dual-pronged approach to developing a pair of precious metals projects in some of the world’s prime gold and silver provinces looks poised to pay it dividends.

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