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Advance Metals (ASX:AVM) has highlighted recent efforts to sample existing drillcores from its Yoquivo project, sharing on Wednesday that previously unsampled materials boast silver grades reaching up to 370g/t silver and up to 6.2g/t gold.
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A total of 6,300m worth of core samples were run through during testwork; grades reported on Wednesday come from the first 222m worth of drillcores sampled – suggesting there could be further high-grade mineralisation to discover.
To that end, Advance is ultimately seeking to boost its existing JORC Mineral Resource Estimate (MRE) for Yoquivo, and in that light, the company is to kick off a contemporary diamond drill run on-site, coinciding with the ongoing sampling of existing cores the company’s picked up along with the project.
“The initial assay results from previously unassayed core at Yoquivo are exactly what we hoped for,” AVM managing director Dr Adam MicKinnon said.
“The selective legacy sampling by previous explorers has left lots of value behind for us to unlock. The high-grade silver and gold mineralisation encountered in this first batch from the southern part of Pertenencia represents only a tiny portion of the material we are planning to re-log and sample, and I’m very much looking forward to what else might be present in these samples.”
AVM last traded at 8.4cps today.
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