Advance Metals Strikes High-Grade Silver-Gold in Mexico's Yoquivo Project
Advance Metals Limited has reported exceptional results from its maiden diamond drilling program at the Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico, potentially signalling a significant development for silver investors.
Stellar Results from First Diamond Drilling Program
The company's first diamond drill hole has delivered multiple zones of high-grade silver-gold mineralisation, with the standout results including:
- 3.55m at 249g/t silver-equivalent (AgEq) from 115.4m, including 0.77m at 965g/t AgEq
- 4.42m at 446g/t AgEq from 126.58m, including 1.67m at 676g/t AgEq
- A substantial 40.57m at 105g/t AgEq from 176.23m
These intervals demonstrate remarkable grade potential, with individual assays reaching up to 2,250g/t silver and 17.2g/t gold in specific sections.
"These are fantastic results to kick off our maiden drilling campaign at the Yoquivo Project in Mexico. The assays from hole YQ-25-001 clearly demonstrate the exceptional potential of the project." – Dr. Adam McKinnon, Managing Director
Beyond Expected Mineralisation
Particularly encouraging is the discovery of a continuous 40-meter zone of mineralisation not previously included in the project's existing Foreign Estimate of 937,000 tonnes at 570g/t AgEq for 17.23 million ounces of silver equivalent.
This unexpected mineralisation suggests significant expansion potential beyond the previously modelled resource boundaries. The newly identified zone lies in the footwall of the known Pertenencia vein system, potentially adding substantial scale to the deposit.
Rapid Drilling Progress
Advance Metals is moving quickly, with four diamond holes already completed and results pending for three additional holes. The company's ~3,000-meter diamond drilling program is focused on confirming and extending the high-grade zones defined by previous exploration.
| Hole ID | Status | Key Targets |
|---|---|---|
| YQ-25-001 | Results reported | Pertenencia vein system |
| YQ-25-002 | Assays pending | Down-dip extensions |
| YQ-25-003 | Assays pending | Along-strike continuity |
| YQ-25-004 | Assays pending | Significant down-dip extensions |
The pending results from holes YQ-25-002 and YQ-25-004 are particularly anticipated, as they were designed to target significant down-dip extensions of the known mineralisation, with results expected to potentially impact the scale of the deposit.
"With the flow of results from Yoquivo over the coming months set to overlap with the recommencement of drilling at the Company's Myrtleford Project in Victoria, it is sure to be a busy and exciting period for all AVM stakeholders." – Dr. Adam McKinnon, Managing Director
Understanding Epithermal Silver-Gold Deposits
The Yoquivo Project represents a classic low-sulfidation epithermal system within Mexico's Sierra Madre Occidental volcanic belt. These deposits typically form relatively near the surface in volcanic environments and are characterised by quartz veins with distinctive textures.
What are Epithermal Deposits?
Epithermal deposits are mineral deposits that form at shallow depths (generally less than 1,500 metres) and relatively low temperatures (typically 50-300°C). They are most commonly associated with volcanic activity and hydrothermal systems.
Low-sulfidation epithermal deposits, like those at Yoquivo, typically feature:
- Quartz veins with distinctive textures such as banding and open spaces
- Relatively low sulfide mineral content
- Formation in volcanic settings, often related to geothermal activity
- Association with precious metals, particularly silver and gold
At Yoquivo, the mineralisation occurs across four principal vein systems (Esperanza, Dolar, San Francisco, and Pertenencia), with individual systems traced over strike lengths exceeding 3,000 meters.
Low-sulfidation epithermal deposits are valued for their potential to host high-grade precious metals with relatively simple metallurgy, making them attractive exploration and development targets.
Next Steps and Timeline
The company's immediate focus remains on the ongoing drilling program, expected to continue through June and early July. Parallel technical work includes:
- Detailed structural logging of oriented core to refine geological models
- Evaluation of data validation requirements for a potential future JORC-compliant resource
- Potential additional assaying of core from previous drilling campaigns
The company is utilising oriented core to allow for accurate structural measurement, which will assist with confirmation of the existing geological interpretation and facilitate changes to the models where necessary.
Investment Thesis: Why Yoquivo Matters
Advance Metals' Yoquivo Project stands out in the silver exploration space for several compelling reasons:
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Exceptional Grades: With silver equivalents consistently above 200g/t and individual samples exceeding 2,000g/t, Yoquivo demonstrates grade potential that ranks among the highest globally for silver projects.
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Expansion Potential: The discovery of significant mineralisation outside the current Foreign Estimate boundaries suggests substantial resource growth opportunities.
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Established Mining Jurisdiction: Chihuahua, Mexico is a premier silver mining region with well-established infrastructure and permitting pathways.
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Multiple Catalysts: With three more drill holes pending results and an active exploration program, investors can expect consistent news flow over the coming months.
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Dual-Project Portfolio: The company's parallel exploration at its Myrtleford Project in Victoria, Australia, provides additional upside potential and diversification.
Why Investors Should Watch Advance Metals
For precious metals investors, Advance Metals offers exposure to high-grade silver-gold exploration in one of the world's premier silver jurisdictions. The combination of exceptional grades, significant exploration upside, and an accelerating news flow positions the company as one to watch in the junior mining sector.
The initial results from Yoquivo validate the company's acquisition strategy and demonstrate the potential for significant resource expansion beyond the existing Foreign Estimate of 17.23 million ounces of silver equivalent. With multiple assay results pending and drilling continuing, Advance Metals high-grade silver-gold findings appears positioned to deliver continued exploration results throughout 2025.
In parallel with the current program, the company is also evaluating the data validation and modelling requirements to allow a potential future JORC Resource to be declared for the project, which may include additional assaying of core drilled in previous programs.
Want to Invest in Mexico's Next Major Silver-Gold Discovery?
Don't miss this opportunity to be part of Advance Metals' exciting journey at the high-grade Yoquivo Silver-Gold Project in Mexico. With exceptional drill results revealing up to 2,250g/t silver and significant resource expansion potential beyond the existing 17.23 million ounces of silver equivalent, now is the perfect time to evaluate this compelling investment opportunity. Visit Advance Metals' investor page to access the latest presentation, announcements and contact information to learn how you can participate in this promising silver-gold story.
