Advance Metals Strikes Exceptional Silver-Gold at Yoquivo Project

Advance Metals Limited (ASX:AVM) has announced exceptional drilling results from its final resource extension holes at the Advance Metals Yoquivo Silver-Gold Project in Mexico, with standout intercepts including 48.4m at 148g/t AgEq and zones reaching up to 2,180g/t AgEq. These results come ahead of the company's first JORC-compliant Mineral Resource Estimate, expected within weeks.

The latest drilling campaign has successfully demonstrated the broad and vertically extensive nature of mineralisation at the Pertenencia area, with hole YQ-26-020 intersecting multiple high-grade zones over a +230 metre downhole zone. This represents a significant milestone as Advance prepares to deliver its inaugural JORC Code resource estimate for the project.

Outstanding Results Extend High-Grade Zones at Depth

The final phase of resource extension drilling has delivered some of the strongest results to date, particularly from hole YQ-26-020, which was specifically designed to test mineralisation extensions at depth below the current Foreign Estimate.

Furthermore, these results demonstrate the continuity of high-grade mineralisation at the Advance Metals Yoquivo Silver-Gold Project, validating the company's systematic exploration approach.

Key Highlights from YQ-26-020:

Hole YQ-26-021 also delivered exceptional results in a previously under-drilled area, returning 9.4m at 633g/t AgEq including 3.23m at 1,411g/t AgEq with 1,315g/t silver and 1.2g/t gold.

Management Commentary:

"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."

Dr Adam McKinnon, Managing Director & CEO

Understanding Silver Equivalent Grades

Silver Equivalent (AgEq) is a standardised method for expressing the combined value of silver and gold in a single metric, making it easier to compare different intercepts and assess overall project value.

How It's Calculated:

• AgEq = Silver grade + (Gold grade × Gold price ÷ Silver price)
• Uses metal prices of US$1,840/oz gold and US$24/oz silver
• Assumes 85% recovery for both metals based on metallurgical test work

Why It Matters:

This metric allows investors to quickly assess the economic potential of drill intercepts by combining both metals into a single, comparable figure. Consequently, the exceptional AgEq grades at the Advance Metals Yoquivo Silver-Gold Project demonstrate the project's potential to host significant economic mineralisation.

Strategic Location in Proven Mining Region

The Yoquivo Project is strategically positioned in the Sierra Madre Occidental volcanic belt in southwestern Chihuahua, Mexico—a region renowned for its epithermal silver-gold deposits. The project comprises seven mining concessions covering the main vein systems: Esperanza, Dolar, San Francisco, and Pertenencia.

Project Infrastructure Advantages:

The mineralisation consists of silver-gold bearing epithermal quartz veins that have been mapped over +3,000m strike lengths and range from 0.2m to >5m in width. The geological setting is typical of successful epithermal deposits in the region.

What Makes These Results Exceptional?

The latest drilling results from the Advance Metals Yoquivo Silver-Gold Project stand out for several key reasons that distinguish them from typical exploration outcomes in the precious metals sector.

Grade Quality and Consistency

The intercepts demonstrate remarkably high grades, with the 2,180g/t AgEq zone representing world-class mineralisation. However, equally impressive is the consistency of high grades across extended intervals, particularly the 48.4m at 148g/t AgEq which indicates substantial continuous mineralisation.

For instance, many epithermal systems produce sporadic high-grade zones but struggle to maintain consistent mineralisation over meaningful widths. The Yoquivo results suggest a robust mineralised system with excellent continuity.

Depth Extensions

The successful intersection of high-grade mineralisation at depth provides confidence in the vertical extent of the system. This is particularly significant as it suggests the potential for a substantial three-dimensional resource, rather than near-surface mineralisation with limited depth potential.

Upcoming Catalysts and Timeline

With the completion of this drilling phase, Advance Metals is now focused on several key value-driving milestones that will define the project's trajectory over the coming months.

Near-Term Catalysts:

1. Updated Yoquivo MRE – Expected within coming weeks

   • First JORC Code compliant Mineral Resource for the project
   • Will incorporate all recent high-grade drilling results
   • Represents major de-risking milestone for the project

2. Gavilanes Project Development – Commencing shortly

   • Programs to define maiden Mineral Resource
   • Expands company's resource base beyond the current focus

3. Technical Review Process – Ongoing

   • Analysis of completed drilling program
   • Planning for next-stage exploration and resource growth

Medium-Term Opportunities:

• Resource expansion drilling based on latest geological model
• Metallurgical studies to optimise recovery processes
• Preliminary economic assessments as resource base grows

Investment Thesis: High-Grade Silver-Gold in Mexico

Advance Metals presents a compelling investment opportunity in the precious metals sector, particularly as silver and gold prices remain elevated. The company's 100% ownership of the Advance Metals Yoquivo Silver-Gold Project provides direct exposure to what appears to be a substantial high-grade epithermal system.

Key Investment Highlights:

The upcoming JORC resource estimate represents a critical inflection point, potentially transforming Advance from an exploration company to a resource company with defined mineral inventory. The combination of high grades and apparent scale positions the project as a potentially significant silver-gold asset.

Comparative Context:

The grades being achieved compare favourably with other successful epithermal silver projects globally. Furthermore, the vertically extensive nature of mineralisation, combined with multiple parallel vein systems, suggests the potential for a substantial resource base that could support long-term mining operations.

Market Context and Timing

The exceptional results from the Advance Metals Yoquivo Silver-Gold Project arrive at a particularly favourable time for precious metals assets, with both silver and gold benefiting from strong market fundamentals.

Silver Market Dynamics

Silver has experienced renewed investor interest driven by both industrial demand growth and monetary factors. The metal's dual role as both an industrial commodity and store of value provides multiple demand drivers that support higher price environments.

Additionally, the supply side faces constraints as many primary silver mines have struggled with declining grades and increased costs, making high-grade discoveries like Yoquivo particularly valuable.

Gold Market Support

Gold continues to benefit from global monetary uncertainty and central bank purchasing, providing a supportive backdrop for gold-silver projects. The high gold content in some Yoquivo intercepts adds another dimension to the project's value proposition.

Why Investors Should Follow Advance Metals

The convergence of several factors makes Advance Metals a compelling story for precious metals investors seeking exposure to high-grade development projects in established mining jurisdictions.

Tracking Rationale:

Near-term Catalysts:

• JORC resource estimate delivery within weeks provides immediate revaluation catalyst
• High-grade results demonstrate genuine economic potential
• Proven management team with relevant experience in the region

Strategic Position:

• 100% ownership provides full leverage to project success
• Location in established mining region reduces development risks
• Multiple vein systems offer exploration upside beyond current drilling

Market Environment:

• Strong precious metals pricing supports project economics
• Increasing institutional interest in quality silver assets
• Mexican mining jurisdiction offers established regulatory framework

Key Takeaway:

Advance Metals has positioned itself as an emerging player in the Mexican precious metals space, with the Advance Metals Yoquivo Silver-Gold Project demonstrating exceptional grade potential ahead of its inaugural JORC resource estimate. The combination of world-class intercepts, systematic exploration approach, and upcoming resource definition creates a compelling tracking opportunity for investors seeking exposure to high-grade silver-gold development.

The company's methodical approach to resource definition, combined with the exceptional grades being achieved, suggests Advance Metals merits close attention as it transitions from explorer to resource company in the coming weeks.

In conclusion, the latest drilling results validate the significant potential of the Advance Metals Yoquivo Silver-Gold Project and position the company for what could be a transformational period as it delivers its first JORC-compliant resource estimate.

Could Advance Metals Be Your Next Silver-Gold Investment Opportunity?

With world-class intercepts of up to 2,180g/t AgEq and a maiden JORC resource estimate just weeks away, Advance Metals Limited (ASX:AVM) is positioned at a critical inflection point. The exceptional drilling results from the Yoquivo Silver-Gold Project demonstrate the scale and grade potential that could transform this explorer into a significant resource company. To explore the full investment opportunity and access detailed project information, company presentations, and upcoming catalyst timelines, visit the Advance Metals investor portal and discover why this Mexican silver-gold story deserves a place on your watchlist.