Advance Metals (ASX: AVM) has progressed a fully funded diamond drilling program at its Yoquivo silver-gold project in Mexico, with five holes completed across three target areas and assays pending for all holes.
The program, which commenced in late November, is designed to test down-dip extensions to existing mineralisation at Pertenencia while also advancing new targets across the broader project area.
Drilling activity is set to continue into 2026, alongside parallel work streams that include historic core resampling and airborne survey data integration to support a future resource update.
Advance has also conducted a high-resolution air survey at Yoquivo, from which it expects the results shortly.
Focus on Pertenencia Extensions
The company has completed two deep diamond holes at Pertenencia targeting down-dip extensions beneath the existing Foreign Estimate, which currently outlines 17.23 million ounces of silver equivalent at a grade of 570 grams per tonne silver equivalent.
The latest holes follow earlier drilling that confirmed the high-grade system remains open at depth, with previous intersections including multi-metre intervals grading several hundred grams per tonne silver equivalent.
One of the new holes targeted mineralisation approximately 150 metres below previous intersections, creating potential for future resource expansion pending assay results.
Advance has additional drilling planned for early 2026 along strike to the north and south of Pertenencia as the company continues to test the scale and continuity of the system.
Regional Targets Advance to the West
Beyond Pertenencia, Advance has completed two holes at the San Francisco prospect area and one hole at La Esperanza as part of its broader exploration strategy.
These holes form part of a regional program aimed at assessing multiple vein systems and extending known mineralisation across the project footprint.
Further regional drilling in early 2026 will also test newly identified high-grade vein structures southeast of the Dolar vein system, where surface rock chip sampling previously returned peak grades of up to 1,594 grams per tonne silver equivalent.
The company expects these regional targets to complement the core Pertenencia drilling by broadening the project’s overall exploration upside.
Historical Core Sampling
Advance Metals is nearing completion of an extensive relogging and assaying program on previously untested historical drill core from Pertenencia, with more than 4,000m of diamond core sampled and sent for analysis.
Initial assay results from this program have already confirmed silver-gold upside, returning grades of up to 848g/t silver equivalent.
Across new drilling and historic resampling, the company now has approximately 4,500 samples pending at laboratories, with turnaround times extended due to heightened exploration activity across North America.
Results from these programs are expected to feed into an updated geological model and a new JORC resource estimate targeted for early 2026 as part of Advance’s fully funded growth strategy at Yoquivo.
