Yoquivo Drilling Yields Up to 1,955g/t Silver Equivalent in New Assays

Strong Start to Maiden Drilling at Yoquivo

Advance Metals Limited has delivered encouraging early results from its maiden diamond drilling program at the Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico. The approximately 3,000-metre program targets high-grade silver-gold mineralisation within the Pertenencia area, home to a Foreign Estimate of 937,000 tonnes at 570 grams per tonne silver equivalent (AgEq), equating to 17.23 million ounces AgEq.

Initial assays from the first hole, YQ-25-001, revealed multiple high-grade intervals, including a standout 40.57 metres at 105g/t AgEq. The latest results from holes YQ-25-002, 003, and 004 have confirmed the presence of broad mineralised zones and narrower, exceptionally high-grade shoots, significantly expanding the known footprint of mineralisation beyond the existing Foreign Estimate boundaries.

Notable Intersections Highlight Upside Potential

Hole YQ-25-002 intersected multiple broad zones, such as 23.83 metres at 85g/t AgEq and 16.37 metres at 104g/t AgEq, with narrower intervals reaching up to 495g/t AgEq. Similarly, YQ-25-003 delivered a broad near-surface zone of 17.5 metres at 111g/t AgEq, alongside remarkable high-grade intervals including 0.30 metres at an extraordinary 1,955g/t AgEq. Hole YQ-25-004 returned narrower but still significant mineralisation, with intervals like 1.05 metres at 294g/t AgEq.

These results suggest that the mineralised zones are wider and more extensive than previously recognised, with the company’s technical team noting that a substantial portion of historic drill core remains unassayed. This presents an opportunity to further delineate and potentially expand the resource base.

Ongoing Drilling and Future Resource Modelling

Drilling continues with assays pending for holes YQ-25-005 to 007, while the eighth hole is underway at the northern end of Pertenencia. Following completion of the current drilling campaign, Advance Metals plans to re-log and sample historic core to better understand the extent and continuity of mineralisation.

Managing Director Dr Adam McKinnon expressed optimism about the project’s upside, highlighting the unexpectedly broad mineralised zones intersected so far. The company is also progressing geological and geochemical modelling, aiming to validate and potentially upgrade the Foreign Estimate to a JORC-compliant Mineral Resource in due course.

Strategic Positioning and Next Steps

Yoquivo’s location within the Sierra Madre Occidental volcanic belt and its epithermal quartz vein systems underpin its high-grade silver-gold potential. Advance Metals holds the project through its wholly owned Mexican subsidiary, with secure tenure and access agreements in place.

With drilling advancing and further assay results expected, the coming months will be critical in defining the scale and quality of the Yoquivo resource. Concurrently, the company is also progressing exploration at its Myrtleford Project in Victoria, Australia, diversifying its portfolio of precious metals assets.