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Advance Metals Commences Sampling Program to Unlock Untested Silver-Gold Potential at Yoquivo

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By Imelda Cotton - 
Advance Metals ASX AVM Sampling Program Untested Silver-Gold Yoquivo
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Advance Metals (ASX: AVM) will commence a sampling program to unlock untested silver-gold potential from recent confirmatory and extensional diamond drilling at its Yoquivo project in north-west Mexico.

Drilling of 3,111 metres focused on areas surrounding an existing foreign resource estimate of 17.23 million ounces of silver equivalent (AgEq) at 570 grams per tonne in the Pertenencia area.

The program returned a number of high-grade intersections, including 4.42m at 446g/t AgEq, 8.84m at 140g/t AgEq, 1.27m at 516g/t AgEq and 4.87m at 544g/t AgEq.

High-Grade Zones

Advance also encountered broad contiguous zones of moderate to high-grade mineralisation in several holes that did not correlate to the foreign estimate.

Highlights were 40.57m at 105g/t AgEq (86g/t silver and 0.2g/t gold from 176.23m) including 4.47m at 238g/t AgEq (217g/t silver and 0.3g/t gold) from 210.73m, 23.83m at 85g/t AgEq (48g/t silver and 0.5g/t gold from 99.97m) including 8.84m at 140g/t AgEq (72g/t silver and 0.9g/t gold from 111.77m), and 17.5m at 111g/t AgEq (81g/t silver and 0.4g/t gold from 30.2m) including 1.68m at 385g/t AgEq (272g/t silver and 1.5g/t gold from 40.32m).

Adjacent holes from historic drilling programs showed that sampling in corresponding positions was either highly patchy or completely absent.

Unsampled Core

A full assessment of diamond holes in the immediate Pertenencia area has identified 6,351m of unsampled core, representing more than 50% of the total drilling in the area.

Advance has stored the core at a facility in nearby Durango and has commenced cutting and sampling of the highest-potential material, targeting holes closest to known mineralisation.

The company expects the results in October and will combine them with recent diamond drilling assays to update the Yoquivo geological model and feed into a planned resource upgrade.

Project Acquisition

Advance acquired the Yoquivo project last year from Golden Minerals Company, giving it a low-cost opportunity to establish a foothold in the silver sector.

The deal included a substantial amount of data from three drilling programs between 2020 and 2022 comprising 70 diamond holes for a total 16,565m.

Yoquivo adds to Advance’s US portfolio of battery and base metals assets.