Advance Metals Strikes High-Grade Gold and Silver, Expands Mexican Holdings

Exploration Success at Myrtleford

Advance Metals Limited has delivered impressive exploration results for the quarter ending 30 June 2025, highlighted by high-grade gold mineralisation at its Myrtleford Project in Victoria, Australia. The company’s diamond drilling at the Happy Valley prospect returned exceptional intercepts including 8.2 metres at 22.4 grams per tonne (g/t) gold, with a standout 1.3 metres grading 271.6 g/t gold. These results build on earlier discoveries and confirm the prospect’s potential as a significant high-grade gold target.

Additional drilling in the Twist Creek area, although yielding lower grades, confirmed shallow gold mineralisation and opened new avenues for exploration along parallel structures. Encouraged by these findings, Advance Metals has commenced a follow-up 10-hole diamond drilling program at Happy Valley, with visible gold observed in multiple zones of the initial hole AMD009, assays pending.

Strong Silver-Gold Intersections at Yoquivo

In Mexico, the company’s maiden diamond drilling campaign at the Yoquivo Silver-Gold Project in Chihuahua has produced broad, high-grade silver and gold intersections. Notable results include 4.42 metres at 446 g/t silver equivalent (AgEq) and 23.83 metres at 85 g/t AgEq, underscoring the project’s robust mineralisation. With half the drill holes assayed, Advance is re-modelling the geology and mineralisation, incorporating new geochemical data and historic core sampling to refine resource estimates.

Expanding Mexican Portfolio with Strategic Acquisitions

Advance Metals is finalising the acquisition of the Gavilanes Silver Project in Durango, Mexico, a high-grade deposit with an existing foreign resource estimate of 22.4 million ounces silver equivalent. The project’s extensive vein systems remain underexplored, presenting significant upside potential. Concurrently, the company secured an earn-in agreement to acquire 100% of the Guadalupe y Calvo Gold-Silver Project from Endeavour Silver Corp. This acquisition adds a substantial high-grade gold component to Advance’s portfolio, increasing its combined foreign estimates in Mexico to over 100 million ounces silver equivalent.

The Guadalupe y Calvo Project boasts a rich mining history dating back to the 19th century and includes nearly 86,000 metres of drilling with significant upside identified. Advance plans to leverage existing infrastructure and expertise in Mexico to accelerate exploration and unlock value.

Financial Position and Outlook

To support its aggressive exploration programs, Advance Metals raised $2.55 million in May 2025 through a placement to institutional and sophisticated investors. The company ended the quarter with $2.136 million in cash, having spent $1.479 million on exploration and evaluation activities. While the June quarter reflected heightened exploration expenditure, the company expects a moderation in spending in the coming period. Plans for a further capital raise are underway to ensure funding continuity for ongoing and future projects.

Advance Metals’ strategic focus on high-grade precious metals projects in prolific mining regions of Australia and Mexico, combined with its recent exploration successes and portfolio expansion, positions the company well for growth. Market participants will be watching closely as further assay results and resource updates emerge in the coming months.