Advance intersects broad zone of high-grade silver at Gavilanes in maiden drilling run

• High-grade silver intersected in Advance’s first diamond drill hole.
• Deeper sections revealed increasing gold and base metals.
• Data from this 15-to-18-hole (up to 4,500-metre) drilling campaign will be used to update Gavilanes’ geological model.
• Hole GV-26-002 is complete, with assays pending.

Advance Metals (ASX:AVM) has instantly landed a victory from its maiden diamond drilling program at the Gavilanes Silver Project in western Durango, intersecting a broad zone of high-grade silver mineralisation in the first completed drill hole, GV-26-001, and confirming the presence of mineralised structures.

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Hole GV-26-001 was drilled to 276 metres to test extensions ~80 metres down-dip to the west of a high-grade zone defined by historical drilling.

Advance’s managing director and CEO, Adam McKinnon, declared this was “an excellent first result from maiden drilling at Gavilanes and provides early validation of the strategy we outlined when drilling commenced in May.”

“Gavilanes already hosts a substantial high-grade Foreign Estimate, and these first assays
strengthen our confidence in the project’s potential to support a planned JORC Resource upgrade later this year,” he added.

“With assays pending from GV-26-002, a third hole in progress, and historic core sampling planned, we see strong potential for continued news from Gavilanes.”

The hole returned an intersection of 33.9 metres grading 220 grams per tonne (g/t) silver from a depth of 117.6 metres. This broad interval includes a higher-grade zone of 6.2 metres at 718 g/t Ag from 133 metres down-hole.

Exploration data from deeper sections of the same hole indicated an increase in gold and base metal concentrations associated with the silver mineralisation. Notable deeper intersections include 3.3 metres at 270 g/t Ag, 0.2 g/t gold, 0.7% copper, 0.7% lead, and 1.1% zinc from 164.6 metres.

Within this interval, a narrower zone of 1.65 metres returned 394 grams per tonne gold, 0.4 g/t Au, 1.1% Cu, 1.1% Pb, and 1.7% Zn from 166.25 metres.

The Aussie explorer now intends to incorporate the new lithological, structural, and geochemical data into an updated geological model to support a planned JORC Mineral Resource upgrade, which is targeted for completion in early Q4 CY26. Operations are continuing on-site, with the full program expected to comprise 15 to 18 diamond drill holes totalling to 4,500 metres.

AVM is up +2.7% today, to 7.6cps.

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Disclaimer: This content has been prepared as part of a partnership with Advance Metals Ltd and is intended for informational purposes only.

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