Yoquivo Drill Hole Yields 4.42m at 446g/t Silver-Equivalent in Maiden Campaign

Strong Start to Maiden Drilling Campaign

Advance Metals Limited has kicked off its maiden diamond drilling program at the Yoquivo Silver-Gold Project in Chihuahua, Mexico, with highly encouraging results from the first hole, YQ-25-001. The initial assays reveal multiple zones of high-grade silver and gold mineralisation, including a standout 4.42 metres grading 446 grams per tonne silver-equivalent (AgEq). This promising start sets a positive tone for the ongoing ~3,000-metre drilling campaign aimed at confirming and expanding the known mineralisation.

Highlighting the Pertenencia Vein and Beyond

The drilling intersected two relatively shallow, high-grade intervals within the modelled Pertenencia vein system, with silver grades reaching up to 600g/t and gold up to 4.8g/t in narrow sections. Notably, the program also uncovered a contiguous zone exceeding 40 metres of moderate to high-grade mineralisation beneath the Pertenencia vein, which is not currently accounted for in the existing Foreign Estimate. This discovery hints at a potentially larger mineralised footprint than previously understood.

Context of the Foreign Estimate and Future Resource Potential

The project’s Foreign Estimate, reported in late 2024, stands at 937,000 tonnes grading 570g/t AgEq, equating to 17.23 million ounces of silver-equivalent metal. While this estimate is not yet JORC compliant, the new drilling results provide tangible evidence that the resource base could be expanded. Advance Metals is actively evaluating the data to support a potential JORC Resource declaration, which would be a critical milestone for the project’s valuation and development prospects.

Ongoing Drilling and Strategic Outlook

With assays pending for three additional diamond holes, including those targeting significant down-dip extensions, the company anticipates that forthcoming results could materially enhance the known scale of mineralisation. Managing Director Dr Adam McKinnon expressed optimism about the campaign’s trajectory, highlighting the rapid pace of drilling and the potential for overlapping news flow with the company’s Myrtleford Project in Victoria, Australia. This dual focus underscores Advance Metals’ strategic intent to build momentum across its portfolio.

Technical Rigor and Community Engagement

The drilling program employs HQ-sized diamond core with careful orientation and detailed logging to ensure accurate geological modelling. Samples are processed through accredited laboratories with rigorous quality controls. Additionally, Advance Metals has secured a five-year access agreement with the local San Francisco de Yoquivo community, reflecting a commitment to responsible exploration practices in the region.

What Lies Ahead for Yoquivo?

The initial results from Yoquivo not only validate the project’s high-grade potential but also open the door to discovering additional mineralised zones beyond the current resource footprint. As assays from subsequent holes arrive and geological models are refined, investors and analysts will be watching closely for signs of a resource upgrade and the implications for project economics. The coming months promise to be pivotal in defining Yoquivo’s place in Advance Metals’ growth story.