Advance Metals has recently made significant strides with its diamond drilling initiative in the Yoquivo project situated in southwestern Chihuahua, Mexico. This endeavor marks a pivotal moment for the company as it delves into the high-grade epithermal vein stacks nestled within the Sierra Madre Occidental Belt, a region renowned for its silver-gold potential.
With each drill hole, Advance Metals uncovers a treasure trove of high-grade silver-gold intercepts. The initial probe has unveiled a stacked series of mineralized zones, including noteworthy results like 23.8 meters averaging 85 grams per tonne (g/t) silver equivalent and 16.4 meters at 104 g/t silver equivalent. These findings not only highlight the richness of the deposits but also hint at promising resource expansion opportunities.
According to Dr. Adam McKinnon, Advance Metals’ managing director,
“These new results show the incredible upside potential of the project.”
His enthusiasm stems from the wide intersections observed in the first drilling attempts, underscoring substantial volumes of silver-gold mineralization beyond current estimates.
As exploration continues, management remains optimistic about unassayed historical drill cores holding untapped value. By re-evaluating and sampling this core material, Advance Metals aims to unlock additional potential without incurring extra drilling costs—a strategic move that could redefine the project’s outlook significantly.
The Yoquivo project’s strategic location southwest of Chihuahua city places it amidst prolific mining operations like Agnico Eagle’s Pinos Altos gold-silver mine and Coeur Mining’s Palmarejo silver-gold mine. This proximity to established mining entities underscores Yoquivo’s potential within Mexico’s rich mining landscape.
Mexico stands as a key player in global silver production, contributing nearly a quarter of the world’s supply. The recent surge in silver prices on international markets further enhances Mexico’s significance in this arena. As global trade tensions escalate, investors flock to safe-haven assets like precious metals—propelling silver prices to near 13-year highs above US$36.80 an ounce.
Away from Mexican shores, Advance Metals is actively pursuing gold prospects at its Myrtleford gold project in Victoria’s goldfields—a diversification strategy that complements its endeavors in Mexico seamlessly.
The dual focus on developing projects across prime gold and silver regions positions Advance Metals for success down the line—an approach that seems poised to yield dividends as they tap into these lucrative markets.
