Yoquivo Drilling Yields Over 230m of High-Grade Silver-Gold Mineralisation
Advance Metals reports outstanding silver-gold assay results from final drill holes at its Yoquivo Project, reinforcing expectations for a maiden JORC Mineral Resource Estimate. The high-grade, vertically extensive mineralisation highlights significant growth potential in the Pertenencia area.
- Multiple high-grade silver-gold zones intersected in final Pertenencia drill holes
- Drill hole YQ-26-020 reveals over 230 metres of continuous mineralisation
- Exceptional assays include intervals exceeding 2,000 g/t silver equivalent
- Results underpin imminent maiden JORC-compliant Mineral Resource Estimate
- Exploration focus to continue at Yoquivo and Gavilanes projects
Strong Finish to Yoquivo Drilling Campaign
Advance Metals Limited (ASX:AVM) has delivered a compelling update from its Yoquivo Silver-Gold Project in Chihuahua, Mexico, announcing exceptional assay results from the final resource extension drill holes in the Pertenencia area. These results confirm the presence of broad, vertically extensive, and high-grade silver-gold mineralisation, setting the stage for the project's first JORC-compliant Mineral Resource Estimate (MRE), expected imminently.
The standout drill hole YQ-26-020 intersected multiple high-grade intervals over a remarkable downhole length exceeding 230 metres. Highlights include a 48.4-metre section grading 148 grams per tonne silver equivalent (AgEq), with narrower intervals within this zone reaching up to 2,180 g/t AgEq. Similarly, hole YQ-26-021, targeting a less explored northern portion of Pertenencia, returned a 9.4-metre interval at 633 g/t AgEq, including a 3.23-metre section exceeding 1,400 g/t AgEq.
Implications for Resource Growth and Project Development
These drilling results not only confirm the continuity and high-grade tenor of mineralisation but also highlight the potential for resource expansion at depth and along strike. The extensive mineralised zones suggest a robust system that could underpin a significant silver-gold resource in a proven mining jurisdiction.
Advance Metals’ Managing Director and CEO, Dr Adam McKinnon, emphasised the importance of these findings, noting that the results increase confidence ahead of the updated Yoquivo MRE. He described the drilling as an excellent conclusion to the current phase, reinforcing the project's status as a high-grade silver-gold asset with promising growth prospects.
Technical Rigor and Next Steps
The drilling program employed diamond core techniques with rigorous sampling and assay protocols, ensuring high-quality data. Assays were conducted at ALS laboratories with multiple quality control measures, including certified reference materials and duplicate sampling, to validate results.
With the drilling phase now complete, Advance Metals plans to integrate these latest results into an updated geological model and deliver the maiden JORC Mineral Resource Estimate in the coming weeks. Concurrently, exploration efforts will expand to the Gavilanes Project, aiming to define a maiden resource there as well.
The company holds secure tenure over the Yoquivo project area, with all necessary access agreements in place, and benefits from a history of exploration by previous operators, including Golden Minerals Company.
Looking Ahead
Advance Metals’ latest drilling success at Yoquivo marks a pivotal moment in the project’s development. The forthcoming JORC resource estimate will be closely watched by investors and industry observers as it will provide the first formal quantification of the project's silver-gold potential under internationally recognised standards. This milestone could significantly influence the company’s valuation and strategic direction.
Bottom Line?
Advance Metals’ exceptional drill results at Yoquivo set the stage for a landmark resource estimate that could reshape its growth trajectory.
Questions in the middle?
- What will the maiden JORC Mineral Resource Estimate reveal about Yoquivo’s total silver-gold endowment?
- How might metallurgical recovery rates impact the economic viability of the high-grade zones identified?
- What exploration strategies will Advance Metals pursue next to expand resources at Yoquivo and Gavilanes?
