Advance Metals Accelerates Drilling at Yoquivo Silver-Gold Project with Assays Pending

• Five diamond drill holes completed targeting high-grade extensions and new zones
• Assay results pending for approximately 4,500 samples, expected mid-January 2026
• Historic core sampling program nearing completion with over 4,000 metres sampled
• High-resolution airborne LiDAR survey recently completed to enhance geological modelling
• Updated JORC resource estimate targeted for early 2026 to underpin growth strategy

Exploration Momentum Builds at Yoquivo

Advance Metals Limited (ASX, AVM) is making significant strides in its exploration efforts at the Yoquivo Silver-Gold Project, located in Chihuahua, Mexico. Since late November, the company has completed five diamond drill holes across three key target areas, including the Pertenencia deposit and the San Francisco and La Esparanza prospects. These efforts are part of a fully funded, high-impact drilling campaign aimed at expanding the known high-grade mineralisation and testing newly identified vein structures.

While assay results for these holes remain pending, the drilling program is designed to test down-dip extensions beneath the existing Foreign Estimate at Pertenencia, which currently stands at an impressive 17.23 million ounces silver equivalent at a grade of 570 grams per tonne. Notably, hole YQ-25-010 targets mineralisation approximately 150 metres below previous intersections, potentially unlocking significant resource expansion.

Historic Core Sampling and Advanced Surveying

Complementing the drilling, Advance Metals is nearing completion of an extensive program to relog and assay previously untested historic diamond core from Pertenencia. Over 4,000 metres of core have been sampled, with initial assays confirming high-grade silver-gold mineralisation, including grades up to 848 grams per tonne silver equivalent. This historic data is critical to refining the geological model and enhancing confidence in the resource base.

Further supporting the exploration campaign, a high-resolution airborne LiDAR survey has been completed across the project area. The processed data from this survey is expected shortly and will provide detailed topographical and structural information to guide ongoing and future drilling efforts.

Looking Ahead to Resource Upgrade

The combined results from the new drilling and historic core sampling will feed into an updated JORC-compliant resource estimate, anticipated in early 2026. This update is a key milestone for Advance Metals as it seeks to advance Yoquivo within its broader Mexican silver-gold growth strategy. The company acknowledges that assay turnaround times have been slower than usual due to heightened exploration activity in North America driven by record precious metal prices, but remains confident in delivering results in the coming months.

With multiple targets still to be tested in 2026, including newly discovered high-grade vein structures that have returned surface rock chip samples up to 1,594 grams per tonne silver equivalent, the Yoquivo project continues to demonstrate robust exploration potential. Advance Metals’ methodical approach combining drilling, historic data reassessment, and advanced surveying positions it well to unlock further value from this high-grade asset.

Bottom Line?

As assay results and the updated resource estimate approach, all eyes will be on Yoquivo’s potential to reshape Advance Metals’ growth trajectory.

Questions in the middle?

• Will the pending assay results confirm extensions of the high-grade mineralisation at depth?
• How will the updated JORC resource estimate impact the project’s valuation and development plans?
• What new insights will the LiDAR survey provide to refine exploration targeting across Yoquivo?