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Advance Metals (ASX:AVM) is fast-approaching a busy period when it comes to reporting, with the explorer expecting a whole heaping of key Yoquivo assay results to come in through early and mid-January next year.
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That key bundle will include as many as 4,500 samples already at the labs. Increased exploration by Advance in North America – the company wanted to strike on record silver and gold prices while they’re hot – slowed things a little, but the explorer’s still expecting “the majority of assays in January.”
(The first batch did come in recently, with The Market Link reporting the silver/gold upside there. Grades clocked in up to 848g per tonne silver equivalent.)
“Results from this work, combined with previous and new drilling, will feed into an upgraded estimate for Yoqvuio, targeted early 2026 as part of the company’s fully-funded Mexican growth strategy,” a spokesperson said.
High-impact drilling already started in November at the Mexico-based project, with five diamond drill holes just wrapped up across three target areas.
That Yoquivo program was mainly run to test extensions to known mineralisations as well as tee up fresh targets across the project area; they’re some of the major results Advance are now eagerly awaiting in that January bundle.
Two deep holes have already been completed at the Pertenencia prospect, too, YQ-25-009 and YQ-25-010. These were mainly designed to test down-dip extensions under an existing estimate (17.23 million ounces of silver equivalent at 570g/t). YQ-25-010 was specifically aimed at 150m deep mineralisation.
Further west, two holes were completed at the San Francisco prospect, as well as one at La Esperanza. The standout there has already been a newly identified high-grade vein structure, a little southeast of Dolar Vein.
Advance already has drilling plans in that area, too, regardless of how good January’s assays end up. This will start with an on-strike hunt at Pertenencia.
Heading into Thursday, AVM shares are 12.5c each.
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