Advance Metals (ASX:AVM) has reported outstanding results from its high-grade Yoquivo Silver-Gold Project, confirming strong down-dip continuity and highlighting the project’s leverage to silver.
Assays from the first hole of the current diamond drilling program returned peak grades of 2,780 g/t silver and 38.6 g/t gold, extending high-grade mineralisation 70–80m further down-dip in the central portion of the Pertenencia area.
Significant intervals from YQ-25-009 include 2.05 m at 512 g/t AgEq (325 g/t Ag, 1.0 g/t Au) from 138m, and 14.1m at 320 g/t AgEq (167 g/t Ag, 2.0 g/t Au) from 309.9m, including a standout 1.5m at 2,033 g/t AgEq (1,331 g/t Ag, 17.4 g/t Au) from 321.75m.
"These are outstanding results by any global standard," said Advance Metals CEO. "The combination of very high grades, solid widths, and emerging down-dip continuity reinforces that Yoquivo is a robust, high-grade silver-gold system with significant growth potential. Importantly, the mineralisation remains open at depth."
Drilling has resumed following a holiday hiatus, with assays pending for four additional holes completed last year, including YQ-25-010 at Pertenencia and holes at the San Francisco and La Esparanza prospects.
An extensive program of historic core sampling, exceeding 4,500 metres, is also nearing completion.
The combined results from new drilling and historic core will contribute to an updated geological model and a new JORC resource estimate, targeted for early 2026.
At the time of reporting, Advance Metals' share price was $0.17.