Advance Metals results shine at high grade Mexican silver project
- Rowena Duckworth
- 6 days ago
- 3 min read
Advance Metals (ASX: AVM) has resumed drilling at its wholly owned, high-grade Yoquivo silver-gold project in Mexico, with first assays from the lab lighting up the program and setting the tone for what could be a meaningful resource upgrade in 2026.
Results from the first diamond hole of the program targeting the Pertenencia vein area included 2.05 metres running 512 grams per tonne (g/t) silver equivalent from 138 metres.
Another hefty hit of 14.1m graded 320g/t and contained a 1.5-metre zone with an eye-watering grade of 2663 g/t silver equivalent. The lower part of the same hole snagged the strongest intersections recorded at Yoquivo to date, with peak grades of a truly astonishing 2.780 kilograms per tonne silver equivalent.
Management says what is particularly exciting is that the high-grade mineralisation appears to remain completely open at depth.
These are outstanding results by any global standard.
Advance Metals Managing Director and CEO Adam McKinnon
In parallel with the drill bit work, Advance is squeezing more value out of what’s already in the shed. Thousands of metres of historic core are 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 combination of very high grade, nice widths and an emerging down-dip continuity reinforces our view that Yoquivo is a robust, high grade silver gold system with significant room to grow.
Advance Metals Managing Director and CEO Adam McKinnon
With more assays pending, the company says the fresh drilling and resampling numbers will roll straight into an upgraded geological model, with Advance flagging an updated JORC-compliant resource for Yoquivo through the first quarter of next year.
The fresh data is set to add serious muscle to a Mexican silver-gold portfolio that already tops 100 million ounces of silver equivalent across three advanced projects.
Leading the pack is Yoquivo, with a foreign estimate of 17.23 million ounces at a punchy 570g/t silver equivalent, supported by the 60.6-million-ounce Guadalupe y Calvo project and the Gavilanes silver system, rounding out a portfolio with real scale and grade.
Yoquivo lies 210 kilometres west–southwest of the Mexican city of Chihuahua and is considered a low-sulphidation epithermal system, typical of the Sierra Madre Occidental volcanic belt. Mineralisation consists of several quartz veins in four principal vein systems, with individual systems mapped and sampled over 3,000m strike lengths and ranging from 0.2m to over 5m in width.
In particular, the central Pertenencia vein system comprises at least seven parallel quartz veins, vein breccias and stockwork zones with minor calcite veining and sulphides. The mineralised system has been mapped at surface and confirmed by drilling over at least 1800 metres of strike, with continuity extending roughly 300 metres down-dip.
Although the veins are sulphide-poor, with pyrite and less common silver minerals making up less than 5 per cent of the veins, previous metallurgical test work by Golden Minerals suggested samples respond well to flotation with high gold and silver recoveries - a potential boost for project economics.
Ongoing drilling will also test additional targets, including the nearby Dolar vein system, which comprises northeast–southwest-striking quartz veins, vein breccias and stockwork zones. The Dolar system has a known strike extent of about 1,850 m and recent rock chip sampling jagged peak grades of 1595 g/t silver equivalent.
Advance has flagged a stretch target that, if successful, would double its 100-million-ounce silver-equivalent position to a JORC-compliant 200-million-ounce position over the next 18 months.
With silver holding above US$80 (A4120) an ounce and gold still near record highs, the company is drilling in the right place at the right time.
Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au
