Advance Metals (ASX: AVM) has returned to the Yoquivo silver-gold project in Mexico to follow up on the significant potential it identified in drilling earlier this year.
The company has commenced a diamond drilling program of at least 3,000 metres that it anticipates will run into early 2026.
The new drilling, along with resampling of historical core, will feed into an updated geological model and resource upgrade for Yoquivo, which Advance acquired in October 2024.
Multiple Silver and Gold Hits
Advance has already completed a successful campaign at Yoquivo, which hit multiple zones of silver and gold mineralisation in the Pertenencia area.
Highlight assays included 4.42m at 446 grams per tonne silver equivalent with 1.67m at 676g/t, as well as 16.37m at 104g/t silver equivalent with 3.07m at 203g/t.
Initial drilling in the new diamond campaign will target down-dip extensions to the existing resources in this zone.
It will also test multiple regional targets, including newly discovered veining southeast of the Dolar Vein system that previously returned surface rock chip samples as high as 1,594g/t silver equivalent.
Historical Core Resampling
Advance is re-logging and assaying previously untested core from the Pertenencia area, which currently features a foreign resource estimate of 17.23 million ounces of silver equivalent at 570g/t.
The first batch of assays from this program confirmed the silver and gold upside with grades of up to 848g/t silver equivalent, and assay results from several thousand new samples are currently pending.
Yoquivo lies within a historical gold mining province with several large open pit and underground precious metal mines located within 50km.
It is part of Advance's three-pronged Mexican silver-gold portfolio, which combined contain approximately 100Moz silver equivalent.
The company is planning to undertake maiden drilling programs at the Guadalupe y Calvo and Gavilanes projects in early 2026.
