Advance Metals Ltd
Advance Metals Limited (ASX:AVM) has delivered some of the highest-grade silver-gold results seen at its Advance Metals Yoquivo project to date, with drilling returning spectacular intercepts of 2,780g/t silver and 38.6g/t gold. The latest results from hole YQ-25-009 have successfully extended high-grade mineralisation 70-80 metres further down-dip, confirming the robust nature of this Mexican silver-gold system.
The standout intersection of 14.1m at 320g/t AgEq (167g/t Ag & 2.0g/t Au) from 309.9m includes an exceptional 1.5m at 2,663g/t AgEq (1,331g/t Ag & 17.4g/t Au), representing one of the strongest intersections recorded at Yoquivo on a length-times-grade basis.
High-Impact Drilling Delivers Outstanding Results
The diamond drilling programme at Yoquivo's Pertenencia Area has exceeded expectations, with hole YQ-25-009 returning multiple high-grade intervals that demonstrate the continuity and strength of the silver-gold system. Furthermore, these results showcase the potential for significant resource expansion at the project.
Key Drilling Results from YQ-25-009:
| Interval | Silver (g/t) | Gold (g/t) | Silver Equivalent (g/t) | From (m) |
|---|---|---|---|---|
| 2.05m | 325 | 1.0 | 512 | 138m |
| 14.1m | 167 | 2.0 | 320 | 309.9m |
| 1.5m | 1,331 | 17.4 | 2,663 | 321.75m |
| 1.2m | 267 | 1.5 | 385 | 377.6m |
The mineralisation remains completely open at depth, with drilling having pushed the known high-grade zone significantly deeper than previous work. In addition, peak individual assay values of 2,780g/t silver and 38.6g/t gold from 322.58m represent world-class grades that highlight Yoquivo's exceptional metal endowment.
Management Commentary:
"These are outstanding results by any global standard. The combination of very high grades, 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." – Dr Adam McKinnon, Managing Director and CEO
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Understanding Silver Equivalent (AgEq): A Key Metric for Investors
Silver equivalent provides a standardised way to compare multi-metal intersections by converting all metals to a single silver-equivalent grade. At the Advance Metals Yoquivo project, the calculation assumes $1,860/oz gold and $24/oz silver prices, with 85% recovery for both metals based on initial metallurgical test work.
Why it matters for investors: This metric allows direct comparison between drill holes and provides a clearer picture of the economic potential of each intersection. The 2,663g/t AgEq intersection in YQ-25-009 represents exceptional value, combining both high-grade silver and significant gold credits.
Industry Context: Silver equivalent grades above 300g/t are considered high-grade, while results exceeding 1,000g/t AgEq are exceptional by global standards. However, understanding the calculation methodology is crucial for proper evaluation of drilling results.
Calculation Formula: The silver equivalent formula used is AgEq g/t = Ag g/t + (Au g/t × Au price/Ag price), where assumed metal recoveries are based on flotation and leaching test work conducted by previous operators.
Extensive Programme Building Towards Updated Resource
Beyond the current drilling success, Advance Metals is executing a comprehensive exploration strategy designed to maximise Yoquivo's potential. For instance, the company has multiple work streams running simultaneously to build towards an updated resource estimate.
Current Work Programmes:
• Historic Core Resampling: Over 4,500 metres of previously untested diamond core is being relogged and assayed, providing substantial additional data
• Regional Target Testing: Four additional holes (YQ-25-010 to 013) have been completed across multiple prospect areas with assays pending
• Ongoing Drilling: The diamond rig has recommenced operations following the Christmas break, targeting new high-grade vein structures
Upcoming Catalysts:
- Assay results from four completed holes expected in coming weeks
- Historic core sampling results from 4,500m programme
- Updated JORC Resource Estimate targeted for early 2026
- New geological model incorporating all recent drilling and historic data
The company's systematic approach to testing both depth extensions and regional targets positions the Advance Metals Yoquivo project for significant resource growth potential. Furthermore, these activities demonstrate the company's commitment to developing a world-class precious metals project.
Strategic Position in Mexico's Silver Triangle
Yoquivo sits within the prolific Sierra Madre Occidental volcanic belt in Chihuahua, Mexico – a region renowned for world-class epithermal silver-gold deposits. The project comprises seven mining concessions totalling significant ground position, with Advance Metals holding 100% ownership through its Mexican subsidiary.
Project Fundamentals:
| Aspect | Details |
|---|---|
| Ownership | 100% owned through Mexican subsidiary |
| Tenure | 7 concessions valid until 2051-2055 |
| Infrastructure | Road accessible, established mining region |
| Deposit Type | Low-sulphidation epithermal silver-gold |
| Vein Systems | Four principal systems mapped over 3km+ strike |
The epithermal vein systems show classic textures including colloform banding and open-space filling – characteristics associated with high-grade, low-cost mining opportunities. Individual veins range from 0.2m to over 5m in width, providing substantial mining targets.
Understanding Epithermal Deposits: These are mineral deposits formed by hot water solutions near the Earth's surface. Low-sulphidation epithermal systems typically produce high-grade precious metals with relatively simple metallurgy, making them attractive exploration targets for their potential economic viability.
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Why Investors Should Follow Advance Metals
The latest drilling results position Advance Metals as a compelling silver-gold story with multiple value catalysts approaching. The combination of world-class grades, expanding resource potential, and systematic exploration approach creates a strong foundation for growth.
Key Investment Drivers:
Exceptional Grade Profile: The 2,780g/t silver and 38.6g/t gold peak grades place Yoquivo among the highest-grade silver projects globally
Resource Expansion Potential: High-grade mineralisation remains open at depth and along strike, with systematic drilling extending the known system
Near-Term Catalysts: Four holes with pending assays, extensive historic core programme, and updated resource estimate in early 2026
Strategic Location: Mexico's established mining jurisdiction with proven infrastructure and skilled workforce
Fully Funded Growth: The company has secured funding for its Mexican silver-gold growth strategy through the upcoming resource update
The depth continuity confirmed by the latest drilling, combined with the exceptional grade profile and systematic exploration approach, positions Advance Metals as a key player to watch in the silver-gold space. Consequently, investors have multiple reasons to monitor the company's progress closely.
What Makes This Project Special?
The Advance Metals Yoquivo project stands out in several key areas that make it particularly attractive to investors and industry observers. For instance, the combination of high-grade mineralisation and depth continuity suggests exceptional value potential.
Moreover, the systematic exploration approach being employed by management demonstrates a clear understanding of how to unlock the project's full potential. This methodical strategy includes both near-term catalysts and longer-term resource development objectives.
Key Takeaway:
Advance Metals has demonstrated that Yoquivo contains world-class silver-gold mineralisation with significant expansion potential. With multiple catalysts approaching in 2026, including an updated resource estimate and ongoing high-impact drilling, the company represents a compelling opportunity in the precious metals sector.
The upcoming resource update and continued drilling programme should provide multiple opportunities for value creation as the Yoquivo system continues to deliver outstanding results. The 70-80 metre down-dip extension of high-grade mineralisation, combined with completely open depth potential, suggests substantial scope for resource growth at this Mexican silver-gold project.
In conclusion, the latest exploration results from the Advance Metals Yoquivo project demonstrate the exceptional quality and growth potential of this high-grade silver-gold system. As the company continues to systematically expand the known mineralisation and work towards an updated resource estimate, investors have multiple catalysts to anticipate throughout 2026.
Ready to Explore This High-Grade Silver-Gold Opportunity?
With exceptional drilling results delivering world-class grades of 2,780g/t silver and 38.6g/t gold, plus multiple catalysts approaching throughout 2026, Advance Metals presents a compelling investment proposition in the precious metals sector. The company's systematic exploration approach at Yoquivo, combined with an upcoming resource update and fully funded growth strategy, positions it as a key player to watch. To discover more about Advance Metals' Mexican silver-gold projects, comprehensive exploration programmes, and investment opportunity, visit the company's investor section for detailed information and regular updates on this developing story.
