Yoquivo Resource Open at Depth After High-Grade Drilling Results

Strong Results from Maiden Drilling

Advance Metals Limited has unveiled compelling assay results from its inaugural diamond drilling campaign at the Yoquivo Silver-Gold Project, located in Chihuahua, Mexico. The program focused on the Pertenencia Vein, a key mineralised structure within the project, and has successfully extended known high-grade silver-gold mineralisation by approximately 60 to 70 metres down dip.

The standout intersection came from drill hole YQ-25-007, which returned an exceptional 1.11 metres grading 2,063 grams per tonne (g/t) silver equivalent (AgEq), including 1,556 g/t silver and 6.6 g/t gold. This result ranks among the highest grades recorded to date in the central portion of the vein, underscoring the project's significant upside potential.

Expanding the Resource Footprint

Beyond YQ-25-007, three additional holes drilled north of the existing Foreign Estimate resource boundary intersected narrow but encouraging high-grade veins. These results suggest that mineralisation extends beyond previously defined limits, reinforcing the prospect of meaningful resource expansion. The Foreign Estimate referenced is a non-JORC compliant resource estimate, and Advance Metals is actively working to update its geological model to better define the deposit's extent and quality.

Managing Director Dr Adam McKinnon highlighted the significance of these findings, noting that the high-grade mineralisation at the base of the existing resource estimate bodes well for future resource extensions. The company’s technical team is now focused on refining the geological model, which will inform subsequent exploration and evaluation efforts, including a potential upgrade to a JORC-compliant resource.

Technical Rigor and Next Steps

The drilling program comprised over 3,100 metres of HQ2 diamond core drilling, with samples processed through accredited ALS laboratories in Chihuahua and Vancouver. Quality control measures, including duplicate sampling and certified reference materials, were rigorously applied to ensure assay accuracy. The drilling orientation was designed to intersect veins perpendicularly, providing reliable data on mineralisation widths, which are estimated to be 70-85% of the reported downhole lengths.

Advance Metals holds 100% ownership of the Yoquivo Project through its Mexican subsidiary, with all tenements in good standing and secured access agreements in place. The company’s ongoing work aims to convert the promising Foreign Estimate into a formal JORC resource, a critical step towards advancing the project’s development potential.

With these encouraging results, Advance Metals is well positioned to accelerate exploration activities at Yoquivo, potentially unlocking further high-grade silver-gold zones and enhancing the project's value proposition.