Intercepts include 0.9m at 418g/t silver equivalent and 0.3m at 649g/t silver equivalent in hole YQ-25-005, 0.33m at 397g/t silver equivalent in hole YQ-25-006, and 2.02m at 173g/t and 1.75m at 240g/t silver equivalent in hole YQ-25-008.
The foreign resource estimate has not yet been classified as a JORC-compliant mineral resource. However, as Advance continues updating its geological model to guide further exploration and undertakes further testwork and evaluation, the results will become integral to an updated JORC-compliant resource estimate.
The Yoquivo silver equivalent was derived based on initial flotation and leaching test work conducted by former owner Golden Minerals in 2022. Advance acquired the project in November last year.
The silver equivalent formula takes into account the grams per tonne silver and gold, and their respective prices, in this case, assuming very conservative prices of US$1860 (A$2860) per ounce gold and US$24 (A$37) per ounce silver. Gold is currently fetching US$3335 per ounce, and silver US$38 per ounce.
Advance assumes it can achieve 85 per cent gold and silver recoveries based on the test work and believes all the gold and silver included in the metal equivalent calculations could reasonably be recovered and sold.
The exceptional high-grade silver-gold intersections at Yoquivo underscore the project’s robust resource potential, with mineralisation open at depth.
Advance Metals is poised to deliver a JORC-compliant resource estimate, further unlocking the value of this promising Mexican asset.
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