What's Happening?
Advance Metals Limited has reported strong assay results from its core resampling program at the Yoquivo Silver-Gold Project in Chihuahua, Mexico. The results confirm high-grade mineralization in previously unassayed historic drill core. The first batch
of results from 11 holes in the southern portion of the Pertenencia structure returned grades of up to 370 g/t silver and 6.2 g/t gold. These findings demonstrate significant untested potential within unassayed core, representing more than 50% of historic drilling. Additional batches of core from central and northern portions of Pertenencia are awaiting assay results, with relogging and sampling ongoing.
Why It's Important?
The confirmation of high-grade silver and gold mineralization at Yoquivo is significant for Advance Metals as it enhances the project's potential value. The discovery of previously untested high-grade zones could lead to an increase in the project's resource estimates, attracting further investment and development opportunities. This development is crucial for the mining industry, as it underscores the potential for discovering valuable mineral resources in previously overlooked areas. The results also highlight the importance of thorough exploration and evaluation of historic drill cores, which can unlock substantial value for mining companies.
What's Next?
Advance Metals plans to continue its resampling program, with additional assay results expected from the central and northern portions of the Pertenencia structure. The company is preparing for the next phase of drilling, with a diamond rig scheduled to mobilize to the site shortly. These efforts aim to further delineate the extent of mineralization and support a JORC-compliant Mineral Resource update. The ongoing exploration and development activities at Yoquivo are expected to enhance the project's profile as a core growth asset in Advance Metals' global portfolio.
