Advance Metals Strikes Silver-Gold Bonanza at Yoquivo Project
Advance Metals Limited has reported exceptional silver-gold results from its ongoing diamond drilling program at the high-grade Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico. The latest assays from three additional drill holes have further validated the project's substantial resource potential, building on previously announced results.
Drilling Delivers Multiple High-Grade Silver-Gold Zones
The company's maiden drilling program at Yoquivo continues to deliver impressive results, with the latest three holes (YQ-25-002, 003, and 004) all intersecting significant silver-gold mineralisation. These results follow the previously announced maiden hole (YQ-25-001), which returned notable intervals including 40.57m at 105g/t silver equivalent (AgEq).
Among the standout results from the new assays:
- Hole YQ-25-002 returned multiple broad zones, including 23.83m at 85g/t AgEq and 16.37m at 104g/t AgEq
- Hole YQ-25-003 delivered 17.5m at 111g/t AgEq from just 30.2m depth, with a spectacular high-grade section of 0.30m at 1,955g/t AgEq (1,250g/t Ag & 9.2g/t Au) at 224.23m
- Hole YQ-25-004 returned narrower but still significant zones, including 1.05m at 294g/t AgEq
The drilling results suggest that mineralisation at Yoquivo may be significantly more extensive than previously understood, with the intervals in YQ-25-002 and YQ-25-003 extending well beyond the current Foreign Estimate footprint.
Expanding Beyond Current Resource Boundaries
Managing Director Dr. Adam McKinnon highlighted the significance of these results: "These new results show the incredible upside potential of the project. I've been pleasantly surprised with how wide the intersections in the first three holes have been, representing a very significant volume of silver-gold mineralisation not currently captured by the narrow Foreign Estimate footprint."
The company's technical team has also identified that a significant portion of the previous drill core at Yoquivo remains unassayed, suggesting that the full extent of some of these broad mineralised zones may not have been recognised. A program of re-logging and sampling of this material will commence in the coming weeks.
What is a Silver Equivalent (AgEq) and Why It Matters to Investors
For investors new to precious metals exploration, "silver equivalent" (AgEq) is a standard industry metric that combines the value of multiple metals into a single comparable figure. At Yoquivo, the AgEq calculation incorporates both silver and gold values.
The formula used by Advance Metals for their AgEq calculation is:
AgEq g/t = Ag g/t + (Au g/t × Au_price/Ag_price)
This calculation assumes a gold price of $1,860/oz and a silver price of $24/oz, with both metals having an expected recovery rate of 85% based on preliminary metallurgical testing.
For investors, AgEq provides a clearer picture of the total metal value in a deposit, especially in projects like Yoquivo where both silver and gold contribute significantly to the economic potential.
Project Context and Future Plans
The Yoquivo Project already hosts a Foreign Estimate of 937,000 tonnes at 570g/t AgEq for 17.23 million ounces of silver equivalent. The current drilling program, comprising approximately 3,000 meters, is designed to confirm and expand this resource.
To date, seven diamond holes have been completed, with the eighth hole now in progress at the northern end of the Pertenencia area. Assay results are still pending for three additional holes (YQ-25-005, 006 & 007).
Following completion of the current drilling program, the company plans to:
- Re-log and sample historic core from the Pertenencia area
- Re-model the geology and mineralisation at Yoquivo
- Evaluate requirements to potentially declare a JORC-compliant resource
Why Investors Should Watch Advance Metals
The latest drilling results from Yoquivo demonstrate significant potential for resource expansion beyond the current Foreign Estimate boundaries. The wide intersections encountered in the first several holes suggest a much larger mineralised system than previously recognised.
With assay results still pending for half of the drill holes at Yoquivo, and drilling at the Company's Myrtleford Project in Victoria now underway, Advance Metals is entering an exciting period with multiple potential catalysts on the horizon.
Dr. McKinnon summed up the opportunity: "With assay results still pending for half of our drill holes at Yoquivo, and drilling at the Company's Myrtleford Project in Victoria now underway, the coming months will continue to be an exciting period for AVM."
For investors seeking exposure to precious metals exploration, Advance Metals offers a compelling combination of high-grade silver-gold mineralisation, ongoing drilling programs generating results, and near-term catalysts that could drive significant revaluation of the company's assets.
Ready to Capitalise on Advance Metals' Silver-Gold Bonanza?
With exceptional results from Yoquivo's diamond drilling program and potential for significant resource expansion beyond current estimates, Advance Metals presents a compelling investment opportunity in the precious metals sector. To learn more about their high-grade silver-gold projects and stay updated on forthcoming drill results from both Yoquivo and Myrtleford, visit Advance Metals' investor centre today.
