Advance to dive into untested drill core at Mexican silver play

The Pertenencia area in question lies at the heart of Yoquivo’s mineralisation, where the company’s recent drilling uncovered broad zones of moderate to high-grade mineralisation. The hits included 23.83m at 85g/t AgEq from 99m and 17.5m at 111g/t AgEq from 30m within 50m of historically unsampled core.

With current gold prices soaring to $5200 per ounce and silver hitting $58 per ounce, the economic upside of Yoquivo’s mineralisation is even more compelling. It suggests a resource equivalent to a high-grade 5g/t gold equivalent, even after 80 per cent recoveries are applied.

By first focusing on core adjacent to known high-grade zones, Advance can rapidly enhance the geological model and potential resources, while giving all-important direction for its next crucial drilling campaign at the project.

Yoquivo is easily pulling ahead as the cornerstone project in Advance’s growing Mexican portfolio, which also includes its high-grade Guadalupe y Calvo project. Guadalupe y Calvo has a non-JORC compliant estimate of 60.6 million ounces silver equivalent, while the nearby Gavilanes project has an estimated 22.4 million ounces silver equivalent.

Advance’s broader high-grade precious metals portfolio lies closer to home at its Myrtleford gold project in Victoria’s renowned Lachlan Fold belt. Recent visual gold intercepts at Myrtleford revealed extraordinary grades, including a 9.4m hit grading a massive 20.2g/t gold, with a 3.2m section at 44.2g/t.

The company’s dual focus on high-grade precious metals in Australia and Mexico appears to be humming on both fronts.

With the Yoquivo sampling program expected to yield results by October, an upcoming JORC-compliant expanded resource and assays still pending from its Victorian project, Advance has got a bevy of high-grade precious metals catalysts to keep the market captivated throughout 2025.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au