Advance Metals Prepares for Comprehensive Exploration Drive Across Mexican Silver-Gold Projects

Advance Metals (ASX: AVM) is set to fast-track exploration focused on growing its portfolio of Mexican silver-gold projects.

Backed by a recently completed $13 million placement, the company’s board has given the green light for the immediate commencement of new exploration programs at all three of its high-grade Mexican assets— Yoquivo, Guadalupe y Calvo (GyC), and Gavilanes.

The company’s aim is to double its resources, which it currently places at more than 100 million ounces silver equivalent in foreign estimates.

Airborne LiDAR Surveys

Advance has put together an experienced Mexican field team over the past 12 months, which has already executed a maiden drilling program at Yoquivo and commenced initial works at GyC and Gavilanes using its new facility in nearby Durango as a base.

The company is now preparing to use high-resolution airborne Light Detection and Ranging (LiDAR) surveys across a combined 10,000 hectares to build on its understanding of the three projects, and will also recommence diamond drilling at Yoquivo within the next month to test extensional targets at Pertenencia and new areas further west in the Esparanza and Dolar areas.

A key area of interest will be the maiden drilling of the newly identified vein structures southeast of Dolar, where Advance recently recorded surface rock chip grades of up to 1,594 grams per tonne silver equivalent.

The company has secured a diamond drilling rig for the program, and will also test historical Yoquivo core to provide further key data on the region.

GyC Drilling Approvals

Elsewhere, Advance is progressing through the government and community approval process ahead of its drilling program at GyC in Q1 2026, in which it will target mineralisation extensions in the northwestern part of the main Rosario vein.

As part of its strategy to further advance the high-class asset, the drilling will include the collection of new samples for further metallurgical test work.

Advance will use LiDAR surveying across 6,000 hectares at the Gavilanes project—the largest by area of its three projects in Mexico and the most underexplored, with less than 10,000m of drilling so far.

Once it has collected and interpreted the new LiDAR data, the company’s technical team is planning a significant new mapping and sampling program to delineate the highest priority regional drill targets.

These will form part of the maiden diamond drilling program for the site, which Advance expects to commence in the first half of 2026.