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Advance Metals (ASX:AVM) is prepping a new sampling program at its Yoquivo Silver-Gold Project in southwestern Chihuahua after its recent drill run uncovered broad zones of unrecognised silver mineralisation.
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This content has been prepared as part of a partnership with Advance Metals Ltd and is intended for informational purposes only.
The Australian explorer spotted broad zones of moderate to high-grade silver-gold mineralisation in multiple holes at the Mexico dig site.
That’s interesting, no matter what, of course, but Advance is hot-stepping it into a new sampling program for some simple reason: This spotted mineralisation isn’t actually correlated to Yoquivo’s existing estimate.
A full assessment of the diamond holes in the immediate Pertenencia area identified as much as 6,351 metres of unsampled core, Advance told its shareholders today, representing more than 50% of total drilling.
Top results in the holes that “did not correlate” included 40.57 metres at 105 grams per tonne gold equivalent (including 4.47m at 238g/t AgEq).
It’s HotCopper’s understanding that these “highly patchy” – or in some cases, even completely missing – assay data returns came after the mine’s previous owner failed to properly test corresponding positions.
As much as 6,351 metres of unsampled diamond core was discovered.
The hits are good enough that Advance will now dig through Yoquivo’s past assays.
“The company has all previous core holes stored in a nearby facility [in Durango] and has now commenced sampling of the highest-potential unassayed core,” the Oz explorer wrote. “The initial sampling program will include approximately 3,500 metres, targeting holes closest to known mineralisation.”
Once these samplings have been wrapped up, Advance will look to update its geological model that had already been established at Yoquivo recently.
That re-upped model will then feed into a subsequent JORC Resource at the site.
HotCopper understands fresh sampling returns are due back by October.
AVM opened +2.4% higher this morning, at 4.2cps.
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