Advance turns up blockbuster silver-gold grades at new Mexican zone

Advance Metals has uncovered a juicy new silver-gold zone at its emerging Yoquivo project in Mexico, returning samples grading up to a staggering 1594 grams per tonne (g/t) silver and 20.4g/t gold.

The discovery stems from regional rock chip sampling southeast of its Dolar Vein system. The company is also wrapping up a major core sampling program to boost its maiden JORC-compliant resource estimate.

A historic silver-gold mining adit at Advance Metal’s Yoquivo project in Mexico’s world-class Sierra Madre volcanic belt.

The Yoquivo project sits in the historic silver-gold producing Sierra Madre Volcanic Belt in Chihuahua, Mexico.

Geologists collected 21 rock chip samples from the previously unmapped area. Outside of the peak results, several samples returned promising grades of 91g/t, 69g/t and 60g/t silver equivalent. The mineralisation spans quartz veins and stockwork zones up to 4 metres wide across a 1-hectare area.

Advance says numerous historic adits across the tenement hint at a rich mining past, but no drilling has occurred to test the prospective zone.

The company is flat tack to finish off mapping and sampling across the project, as it aspires to lock in new drill targets for a further resource expansion campaign.

Advance says it is also scouring other quiet corners of the project for new silver-gold hits. This follows Yoquivo’s recent 3111m diamond drill program, which turned up extensional intercepts, including 4.87m at 544g/t silver equivalent and a thicker 40.6m zone running 105g/t silver equivalent.

The hits landed outside the current foreign resource estimate of 937,000 tonnes at 570g/t silver equivalent for 17.2 million ounces.

The company’s dig through old drilling data resulted in it identifying 6350m of untested core in the Pertenencia area that is potentially mineralised. Advance sent 3500m of prime, untested core to the lab and says the assays are due next month.

With gold and silver running to more than $5650 and $65 per ounce, respectively, Yoquivo is looking tastier by the day. And Advance says a new geological model is shaping up, as it pushes for a maiden JORC-compliant resource.

Yoquivo joins Advance’s broader Guadalupe y Calvo and Gavilanes Mexican project line-up, which packs a substantial 100 million ounces of silver equivalent in foreign estimates.

Guadalupe y Calvo sits midway between Yoquivo and Gavilanes in the Sierra Madre belt and has nearly 86,000m of drilling for a foreign estimate of 9.5 million tonnes at 198g/t silver equivalent for 60.6 million ounces.

The company is working hard to get these historic resources JORC-ready, while hunting for fresh high-grade zones.

With gold and silver prices flying high, Advance’s precious metals timing is spot-on. As it pushes for JORC resources and ramps up exploration, the company’s Mexican assets mark it as a top contender in the booming precious metals game.

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