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Advance Metals (ASX:AVM) has reported the discovery of a new area hosting high-grade silver-gold mineralisation at its 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico. The update follows initial exploration activities and builds on recent drilling efforts at the project.
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This content has been prepared as part of a partnership with Advance Metals Limited and is intended for informational purposes only.
The Australian company’s geologists identified previously unmapped vein structures southeast of the Dolar Vein system through rock chip sampling.
Twenty-one samples were collected, with peak assays including 1,594 grams per tonne silver equivalent, 91g/t AgEq, 69g/t AgEq, and 60g/t AgEq. The highest grade, from sample 825486, returned 20.4g/t gold and 30g/t silver.
Mineralisation in the newly identified zone is associated with quartz veining in stockwork zones up to four metres wide. Advance noted that elevated silver and gold grades were distributed across multiple contiguous samples covering an area of approximately one hectare. The area has not been drilled previously, though minor historic workings and adits were observed during reconnaissance.
The company highlighted further mapping and sampling are planned to identify high-priority follow-ups. This regional work complements a core sampling program already underway at Yoquivo. That program is re-examining previously unsampled core from the Pertenencia area, where 6,351 metres—more than half of the total drilling—remained untested from earlier campaigns.
Advance confirmed that over 3,500 metres of this unsampled core have now been cut and prepared for assay. Results are expected in late October 2025.
Once received, these results will be integrated with recent diamond drilling data to update the geological model, which the company expects will form the basis of a subsequent JORC-compliant resource estimate for the project.
The Yoquivo Project lies within the Sierra Madre Occidental volcanic belt and hosts a series of silver-gold-bearing epithermal quartz veins across four vein systems. Advance completed its maiden confirmatory and extensional diamond drilling campaign earlier this year, totalling 3,111.4 metres, primarily around Pertenencia.
Managing director Adam McKinnon stated the new sampling highlights the discovery potential of the project and that the company’s tech team is working to identify additional areas of silver-gold mineralisation.
AVM opened Wednesday trade selling at 8.6cps.
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