Yoquivo Project by Advance Metals Delivers Exceptional Silver-Gold Results

Breakthrough Results Confirm Bulk Tonnage Potential

The yoquivo project by advance metals ltd has delivered exceptional drilling results from Mexico, with broad, high-grade intersections confirming the potential for a significant resource upgrade. The latest results represent what management describes as a "potential inflection point" for the project, with drilling demonstrating both scale and continuity that could transform development scenarios beyond the original narrow vein underground concept.

The standout result comes from hole YQ-26-018 at the Central Pertenencia zone, which returned an extraordinary 67.88m at 134g/t AgEq (68g/t Ag & 0.9g/t Au) from 305.9m depth. Within this massive intersection, a higher-grade zone delivered 23.89m at 257g/t AgEq (123g/t Ag & 1.7g/t Au) from 346.9m.

This scissor hole was deliberately drilled in the opposite direction to previous holes, confirming the scale and continuity of mineralisation in multiple directions—a critical validation for resource modelling and mine planning.

Key Drilling Highlights:

Management Commentary:

"These results represent a potential inflection point for Yoquivo. The confirmation of broad, high grade silver-gold mineralisation from opposing drill orientations significantly strengthens our confidence in the emerging resource potential at Pertenencia… the scale and continuity now being demonstrated supports a reassessment of development scenarios beyond the original narrow vein underground concept." – Dr Adam McKinnon, Managing Director and CEO

Regional Expansion Doubles Strike Length at Esperanza

Beyond the central Pertenencia breakthrough, drilling has significantly expanded the Esperanza Prospect, located 2.7km west of the main deposit. Furthermore, the prospect's strike length has doubled through step-out drilling, with hole YQ-26-014 extending known mineralisation 75 metres north of previous intersections.

The coherent 10.4m at 102g/t AgEq intersection at Esperanza is particularly significant, demonstrating that high-grade mineralisation remains fully open along strike in both directions and at depth.

Understanding Silver Equivalent (AgEq) Calculations

What is Silver Equivalent?

Silver equivalent (AgEq) combines silver and gold grades into a single comparable metric based on relative metal prices and expected recoveries. The yoquivo project by advance metals ltd AgEq calculation uses the formula: AgEq g/t = Ag g/t + (Au g/t × 76.7), based on $1,840/oz gold, $24/oz silver, and 85% recovery for both metals.

Why It Matters for Investors

AgEq provides a simplified way to compare the total precious metal value across different zones and intersections, helping investors understand the economic potential of each drilling result. This standardisation allows for direct comparison of exploration success across various parts of the project and against other silver-gold deposits globally.

The equivalent calculation assumes both metals can be recovered at the stated rates and sold at the quoted prices, providing a baseline for economic assessment during early-stage exploration.

Multiple Development Scenarios Under Assessment

The drilling results are fundamentally changing the yoquivo project by advance metals ltd development trajectory. Originally conceived as a narrow vein underground operation based on a 200g/t AgEq cut-off, the project is now being reassessed for multiple scenarios.

Historic Broad Zone Intersections Supporting Bulk Tonnage Potential:

• 144m at 93g/t AgEq in YQ-022-009
• 66.45m at 83g/t AgEq in YQ-022-013
• 83.3m at 69g/t AgEq in YQ-020-010
• 97.63m at 61g/t AgEq in YQ-25-002

With materially higher prevailing silver and gold prices, the technical team will assess various cut-off grades and mining scenarios as part of the upcoming JORC mineral resource update. Consequently, this reassessment could potentially support both underground high-grade mining of narrow veins and open-pit bulk tonnage extraction of broader, lower-grade zones.

The dual-scenario approach provides development optionality that could optimise project economics based on prevailing commodity prices and operational considerations.

Near-Term Catalysts and Timeline

Immediate Milestones

1. Updated JORC Mineral Resource Estimate – Expected late March 2026
2. Additional drilling results from Pertenencia and regional targets (ongoing)
3. Assessment of bulk tonnage open-pit potential alongside underground scenarios
4. Regional exploration targeting additional vein systems

The resource update will be particularly significant given the confirmation of broad, high-grade zones in multiple directions. In addition, the potential transition from narrow vein to bulk tonnage scenarios adds considerable value to the overall assessment.

Additional factors include the evaluation of various cut-off grades reflecting current metal prices and integration of extensive historic core resampling results.

Investment Thesis: From Underground to Scalable Development

The yoquivo project by advance metals ltd is rapidly evolving from a narrow vein underground concept into a scalable silver-gold development opportunity with multiple growth pathways.

Key Investment Drivers

1. Scale Transformation: Broad intersections up to 67.88m demonstrate bulk tonnage potential beyond original narrow vein concept

2. Multi-Scenario Optionality: Both underground high-grade and open-pit bulk tonnage scenarios under assessment

3. Regional Expansion: Multiple prospects across 4+ vein systems with significant strike length extensions

4. Near-Term Catalysts: JORC resource upgrade expected within weeks, providing clarity on development scenarios

5. Favourable Jurisdiction: 100%-owned project in mining-friendly Mexico with established infrastructure

Resource Growth Potential

The combination of broad zones at Pertenencia, expanded strike lengths at Esperanza, and ongoing regional exploration suggests substantial resource growth potential beyond any existing estimates. For instance, the project spans multiple vein systems across a significant area, with drilling to date testing only a fraction of the identified targets.

Why Investors Should Follow Advance Metals

Advance Metals has positioned itself strategically in the precious metals sector through the Yoquivo acquisition, with the latest drilling results validating the investment thesis of significant resource upside potential.

Compelling Tracking Reasons

• Technical Validation: Scissor hole drilling confirms geological continuity in multiple directions
• Development Flexibility: Multiple mining scenarios provide optionality for optimal economic outcomes
• Exploration Upside: Regional prospects remain largely untested with significant discovery potential
• Near-Term Visibility: Resource update expected within weeks will clarify development pathways
• Management Execution: Systematic approach to resource definition and development scenario assessment

The project's evolution from narrow vein to scalable development concept, combined with multiple growth pathways, positions it as a standout opportunity in the precious metals space. However, with drilling continuing across multiple targets and a resource upgrade imminent, investors gain exposure to both near-term catalysts and longer-term exploration potential within a single asset.

Key Takeaway:

Yoquivo represents a rare combination of near-term resource definition clarity and long-term exploration upside. With broad, high-grade intersections confirming bulk tonnage potential and a resource upgrade imminent, Advance Metals offers investors exposure to a potentially transformational silver-gold development story in Mexico.

Could Advance Metals' Yoquivo Project Redefine Your Precious Metals Portfolio?

With breakthrough drilling results confirming bulk tonnage potential and a JORC resource update expected within weeks, Advance Metals presents a compelling investment opportunity at a critical inflection point. The transformation from narrow vein concept to scalable development scenarios, combined with ongoing regional expansion, positions this Mexican silver-gold project as a standout opportunity in the precious metals sector. Don't miss the chance to evaluate this evolving story before the upcoming catalysts unfold – visit Advance Metals' investor centre to access comprehensive project information, technical reports, and corporate updates that could inform your investment decisions.