Advance Metals Yoquivo Silver Project Results Reveal Broad Mineralisation Zones

Major Discovery Through Cost-Effective Exploration

Advance Metals Limited (ASX:AVM) has delivered outstanding Advance Metals Yoquivo Silver Project results from its strategic historic core sampling program at the Yoquivo Silver-Gold Project in Mexico, with 519 metres of elevated mineralisation discovered from 3,516 metres of previously unassayed core. The comprehensive sampling program has revealed exceptional high-grade intervals and extraordinarily broad zones of contiguous mineralisation, positioning the company for a significant JORC resource upgrade.

The results represent a masterclass in value creation through intelligent exploration. Previous explorers had been highly selective in their core sampling approach, assaying less than 50% of completed drilling. Advance's team identified this as an exceptional opportunity and systematically sampled approximately 5,000 metres of previously unassayed historic core.

The strategy has paid dividends, with 17% of tested core showing elevated silver and/or gold values above 4g/t AgEq. Most significantly, the program has identified additional high-grade intervals exceeding 100g/t AgEq from 13 separate drill holes.

Outstanding High-Grade Results Include:

• YQ-22-012: 0.9m at 766g/t AgEq (426g/t Ag & 4.4g/t Au)
• YQ-22-025: 8.75m at 150g/t AgEq including 1.1m at 848g/t AgEq
• YQ-22-010: 3.2m at 187g/t AgEq including 1.2m at 305g/t AgEq
• YQ-20-011: 2.8m at 172g/t AgEq including 0.5m at 390g/t AgEq

Game-Changing Broad Mineralisation Zones

Furthermore, the most significant development is the emergence of exceptionally broad intersections of contiguous mineralisation in the central portion of the deposit. When combined with original assays, the Advance Metals Yoquivo Silver Project results have revealed massive mineralised zones:

These results demonstrate remarkable scale and continuity, particularly when compared to the existing Foreign Estimate which was calculated using a 200g/t AgEq cutoff for narrow vein underground mining scenarios.

Strategic Shift Towards Bulk Tonnage Mining

Managing Director Commentary

"The change to universal rather than selective sampling has seen numerous exceptionally large zones of contiguous mineralisation emerge in the central portion of the deposit," said Managing Director Dr Adam McKinnon.

However, the company is now investigating potential bulk tonnage open pit mining scenarios alongside traditional high-grade underground resources. This represents a significant strategic evolution, with the upcoming JORC resource upgrade examining multiple cutoff grade scenarios to optimise the mining approach.

Key Strategic Advantages:

• Higher silver and gold prices than original Foreign Estimate assumptions
• Bulk mining potential similar to Agnico Eagle's nearby Pinos Altos Mine (26km away)
• Exceptional continuity of mineralisation at lower cutoff grades
• Proven metallurgical recoveries of 85% for both silver and gold

Understanding Silver Equivalent (AgEq) Calculations

For instance, investors new to precious metals exploration should understand that Silver Equivalent (AgEq) represents the combined value of silver and gold in a sample, expressed as equivalent silver ounces.

Advance uses the formula: AgEq g/t = Ag g/t + (Au g/t × 76.67)

This calculation assumes gold at $1,840/oz and silver at $24/oz (the ratio of 76.67), with 85% recovery for both metals based on metallurgical test work. This metric helps investors understand the total precious metal value in each intersection, making it easier to compare results and assess economic potential.

Upcoming JORC Resource Upgrade Timeline

In addition, the company will commence incorporating the historic core sampling data into an upgraded JORC resource estimate later this month, once remaining assays are received. This update will examine both:

1. High-Grade Underground Scenario

• Traditional narrow vein mining approach
• Higher cutoff grades focusing on premium ore zones
• Lower tonnage, higher grade profile

2. Bulk Tonnage Open Pit Scenario

• Lower cutoff grades capturing broader mineralisation
• Higher tonnage, moderate grade profile
• Potential for significant scale similar to regional operations

Consequently, the dual-scenario approach maximises optionality and ensures the resource estimate captures the full economic potential of the discovery.

Investment Thesis: Multiple Value Creation Catalysts

Furthermore, Advance Metals has positioned itself as a standout opportunity in the precious metals sector through several key advantages:

Immediate Value Drivers:

• Cost-effective resource expansion through historic core sampling
• JORC upgrade incorporating significant new mineralisation
• Multiple mining scenarios providing development optionality
• Proven metallurgy with 85% recovery rates

Strategic Location Benefits:

• Proximity to Agnico Eagle's Pinos Altos Mine validates regional potential
• Established mining jurisdiction with supportive infrastructure
• 100% ownership providing full exposure to upside
• Secured access agreements through 2030

Financial Position:

• Low-cost exploration methodology maximising shareholder value
• Significant resource expansion without additional drilling costs
• Multiple value creation pathways through varied mining scenarios

Current Operations and Future Outlook

Meanwhile, diamond drilling continues at Yoquivo with multiple holes pending assay results both at Pertenencia and across the broader regional targets. Recent results from hole YQ-25-010 continue to demonstrate the project's exceptional potential:

• 8m at 79g/t AgEq including 1.2m at 295g/t AgEq
• 7.52m at 58g/t AgEq
• 0.25m at 1,159g/t AgEq (717g/t Ag & 5.8g/t Au)

Why Investors Should Follow Advance Metals

The historic core sampling program at Yoquivo represents exactly the type of value-creating exploration that distinguishes exceptional mining companies. By identifying and systematically testing previously overlooked opportunities, Advance has potentially transformed the scale and economics of the project without the cost and time requirements of extensive new drilling.

However, the emergence of broad, continuous mineralisation zones opens entirely new development scenarios, while the proximity to major producing mines validates both the geological potential and infrastructure advantages. With current precious metals prices significantly higher than the original resource assumptions, the upcoming JORC upgrade could deliver substantial revaluation catalysts.

The combination of proven high-grade zones, emerging bulk tonnage potential, strategic location, and cost-effective exploration approach positions Advance Metals as a compelling opportunity in the precious metals sector.

What Makes These Results Exceptional?

The Advance Metals Yoquivo Silver Project results stand out for several technical reasons. Firstly, the systematic approach to historic core sampling has revealed previously unknown continuity of mineralisation that was masked by selective sampling methods.

Moreover, the broad intersections demonstrate that the deposit extends well beyond the narrow vein model originally conceived, suggesting potential for significantly larger tonnages at economically viable grades. This transformation from a narrow vein target to a potential bulk tonnage operation represents a fundamental shift in the project's value proposition.

How Do These Results Compare Regionally?

The Advance Metals Yoquivo Silver Project results compare favourably to regional producers and advanced development projects. For instance, the nearby Pinos Altos Mine operates as a bulk tonnage operation, validating the potential for similar mining methods at Yoquivo.

Furthermore, the grades achieved in the broader intersections exceed many operating silver mines globally, whilst the high-grade zones rival some of the world's premium silver deposits. This combination of scale and grade provides exceptional development optionality.

Key Takeaway

Advance Metals has unlocked significant value through intelligent historic core sampling, revealing both exceptional high-grade zones and broad bulk tonnage potential at Yoquivo. With a JORC resource upgrade imminent and ongoing drilling results pending, the company offers multiple near-term catalysts for substantial value creation in Mexico's proven silver-gold district.

Want to Discover Advance Metals' Full Investment Potential?

With the Yoquivo Silver-Gold Project delivering exceptional results through cost-effective exploration and a JORC resource upgrade on the horizon, now is the time to explore how Advance Metals Limited (ASX:AVM) could fit into your investment portfolio. The company's strategic approach to value creation, combined with multiple development scenarios and proven metallurgy, presents compelling opportunities for investors seeking exposure to Mexico's proven precious metals district. Visit Advance Metals' investor centre to access the latest ASX announcements, financial reports, and detailed project information to make an informed investment decision.