Advance Metals Ltd Silver Discovery Reveals Overlooked Yoquivo Potential

Advance Metals Uncovers Hidden Silver Potential at Yoquivo Project

Advance Metals Limited (ASX: AVM) has announced a significant development at its 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico, where previously overlooked drill core samples could substantially expand the project's resource potential.

Major Discovery: Over 6,300 Meters of Unsampled Core Identified

In a surprising development that could rapidly enhance the project's value, Advance Metals has identified 6,351 meters of unsampled diamond core from previous drilling campaigns at Yoquivo. This represents more than 50% of the total drilling conducted in the Pertenencia area, where the current Foreign Estimate is located.

The company has commenced a sampling program targeting approximately 3,500 meters of the highest-potential unsampled core, with results expected in October 2025.

"This discovery of extensive unsampled core presents a unique opportunity to potentially add significant value to the Yoquivo project with minimal additional drilling costs," said Dr. Adam McKinnon, Managing Director and CEO of Advance Metals.

Recent Drilling Success Leads to New Understanding

The overlooked core was identified after Advance's recent 3,111-meter maiden drilling program revealed several broad zones of moderate to high-grade silver-gold mineralisation that did not correlate with the existing Foreign Estimate. Key intercepts from this program included:

• 40.57m at 105g/t AgEq (86g/t Ag & 0.2g/t Au) from 176.23m in hole YQ-25-001
• 23.83m at 85g/t AgEq (48g/t Ag & 0.5g/t Au) from 99.97m in hole YQ-25-002
• 17.5m at 111g/t AgEq (81g/t Ag & 0.4g/t Au) from 30.2m in hole YQ-25-003

These broad zones were identified because Advance employed a more comprehensive sampling methodology than previous operators, assaying nearly all core drilled from their recent programs.

Path to JORC Resource Upgrade

The results from the sampling program, combined with recent drilling data, will be used to update the geological model at Yoquivo. This updated model is expected to feed into a subsequent JORC-compliant Resource estimate for the project.

This approach represents a cost-effective strategy to potentially expand the resource base without the immediate need for additional drilling expenditure.

Understanding Silver Equivalents in Resource Estimation

When evaluating silver-gold projects like Yoquivo, companies often use "silver equivalent" (AgEq) values to express the combined value of multiple metals in a single figure.

At Yoquivo, the silver equivalent calculation is based on initial flotation and leaching test work conducted in 2022. The formula used is AgEq g/t = Ag g/t + (Au g/t × Au_price/Ag_price), where the assumed gold price is $1,860/oz and the silver price is $24/oz. Both gold and silver recovery are assumed at 85% based on this test work.

This calculation allows investors to better understand the total metal value in an intercept when both silver and gold are present.

Strategic Location in Mexico's Premier Silver District

The Yoquivo project is strategically located within Mexico's Sierra Madre Occidental volcanic belt, known for hosting world-class silver deposits. The mineralisation consists of silver-gold bearing epithermal quartz veins in four principal vein systems (Esperanza, Dolar, San Francisco, and Pertenencia), with individual vein systems mapped over strike lengths exceeding 3,000 meters.

Investment Case: Why Advance Metals Deserves Attention

Advance Metals presents a compelling investment case for several reasons:

1. Near-term Resource Growth: The sampling of previously unassayed core provides a low-cost pathway to potentially significant resource expansion.

2. High-Grade Project: Recent drilling has confirmed high-grade silver-gold mineralisation, with multiple intercepts exceeding 100 g/t AgEq.

3. Experienced Management: Led by Dr. Adam McKinnon, a qualified geologist with extensive experience in precious metals exploration.

4. Strategic Jurisdiction: Mexico ranks among the world's top silver-producing countries, with established mining regulations and infrastructure.

5. Clear Development Path: The company has outlined a clear pathway toward a JORC-compliant resource, with results from the sampling program expected in October 2025.

With silver prices showing strength in recent market conditions and growing industrial demand from renewable energy and electronics sectors, Advance Metals is positioning itself to capitalise on these favourable market dynamics through the systematic advancement of its Yoquivo Silver-Gold Project.

Investors should monitor the upcoming sampling results expected in October 2025, which could serve as a significant catalyst for the company's valuation.

Ready to Discover a Unique Silver Investment Opportunity?

Don't miss the chance to explore Advance Metals' compelling growth story as they unlock hidden value at their Yoquivo Silver-Gold Project in Mexico. With over 6,300 metres of unsampled core potentially adding significant resources at minimal cost, the October 2025 results could be a major catalyst for the company. To learn more about this strategic opportunity and stay updated on Advance Metals' progress, visit their investor centre today.