Advance Metals (ASX: AVM) has reported significant broad, high-grade silver-gold intersections from its Yoquivo project, confirming resource potential and hinting at bulk-tonnage open-pit opportunities. An updated JORC resource is expected imminently.
Yoquivo Drilling Hits Broad Zones
Drilling at the Yoquivo project continues to deliver compelling results. Hole YQ-26-018 in the central Pertenencia area intersected a broad 67.88m at 134 g/t AgEq (which included 68 g/t Ag and 0.9 g/t Au). Within this, a high-grade section of 23.89m at 257 g/t AgEq (including 123 g/t Ag and 1.7 g/t Au) was reported from 346.9m.
These results are crucial for validating the potential for bulk-tonnage open-pit development alongside high-grade underground opportunities. Mineralisation was confirmed in opposing orientations, adding confidence to the continuity and scale of the Pertenencia zone.
Regional exploration at Esperanza, located 2.7 km west of Pertenencia, also yielded significant results. Hole YQ-26-014 intersected 10.4m at 102 g/t AgEq (including 69 g/t Ag and 0.4 g/t Au). Other high-grade intervals were found, such as YQ-26-013 with 1.82m at 231 g/t AgEq.
JORC Resource Upgrade Imminent
An updated JORC resource estimate for Yoquivo is anticipated within weeks, expected in late March 2026. This update will incorporate recent drilling data and extensive historic core sampling.
The company expects to provide an assessment of bulk-tonnage open-pit potential alongside the resource update. This follows previous announcements that highlighted broad intersections from historic core resampling, such as YQ-022-009, which returned 144m at 93 g/t AgEq.
Regional Expansion and Exploration
The Esperanza strike has been extended to at least approximately 210m, indicating continued regional potential. San Francisco prospects have also returned high-grade intervals from holes like YQ-26-011 and YQ-26-012.
Beyond Yoquivo, previous drilling identified a new shallow, high-grade gold structure east of Happy Valley at the Myrtleford project. Hole AMD016 delivered 0.6m at 66.7 g/t Au from 51.3m in a previously unrecognised vein about 100m east of the workings.
Key Risks and Investor Watchlist
The validation of bulk-tonnage potential and metallurgical recoveries are subject to future studies and drilling. Reliance on historic data and foreign estimates introduces uncertainty until fully JORC-compliant resources are established.
Assay turnaround times and drill success remain key factors for near-term value realisation. Investors will be watching for the outcome of the updated JORC resource and further drilling to confirm the scale and economic viability of these new discoveries.
Advance Metals Poised for Yoquivo Resource Growth
Advance Metals' latest drilling at Yoquivo continues to demonstrate broad, high-grade silver-gold mineralisation, supporting expectations for a significant near-term JORC resource upgrade and the potential for open-pit development. The company's ongoing exploration across multiple targets indicates substantial upside potential across its portfolio.
