Advance Metals fires up rigs for Mexican precious metals push
- Andrew Todd
- 1 hour ago
- 2 min read
Advance Metals (ASX: AVM) has wasted no time getting the rods turning again at its high-grade Yoquivo silver-gold project in Mexico, kicking off a fully funded follow-up program to chase recent high-grade hits at depth.
The new campaign is already under way at the company’s Pertenencia vein area, targeting at least 3000m of diamond drilling that will likely stretch the program into the new year.
Advance says it is chasing down-dip extensions below the recent stand-out holes from a very successful maiden program earlier in the year that returned 1.1m running 2063 grams per tonne (g/t) silver equivalent from 312m within a broader 4.9m zone running 544g/t silver equivalent Other notable hits that require follow up include 4.4m grading 446g/t and 16.4m at 104g/t silver equivalent.
Fresh holes are now stepping out beneath that cluster, while a second batch of collars will see new high-grade regional vein sets tested to the west and southeast of Pertenencia.
The regional targets lit up in September surface sampling that returned peak rock chips to 1564g/t silver equivalent, a grade that is not uncommon within the prolific Sierra Madre silver belt.
In parallel, thousands of metres of historic core is being re-logged and re-assayed, with the first tranche already delivering promising mineralisation up to 848g/t silver equivalent from previously ignored intervals.
The company says all the new drilling and resampling numbers will roll straight into an upgraded geological model, with management flagging an updated JORC-compliant resource for Yoquivo through the first quarter of next year.
The current push adds firepower to a Mexican silver-gold inventory that already sits above 100 million ounces silver-equivalent across three advanced projects. The in focus Yoquivo carries a 17.23-million-ounce foreign estimate at 570g/t silver equivalent, flanked by Advance’s Guadalupe y Calvo project (60.6-million-ounce foreign estimate) and its Gavilanes silver system.
The company has flagged a stretch target that, if successful, would double that 100-million-ounces into a JORC compliant 200-million-ounces over the next 18 months as both silver and gold prices touch near all-time highs after a historic 2025 run.
Across the Pacific, the company’s Victorian gold charge is also in full swing. A second rig is now assaulting the deep high-grade trends at Advance’s Happy Valley trend within its Myrtleford project after recent deep holes returned visible gold and grades up to two ounces to the tonne gold, more than 140m below previously known mineralisation extents – now more than 500m.
With the silver price holding above US$50 an ounce and gold still nearing record highs, Advance has the rods turning on both sides of the globe. Constantly adding ounces for a litany of precious metals news to follow.
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