Advance nails big gold-silver runs in Mexican drilling program
Advance Metals inaugural diamond drilling program at its Yoquivo silver-gold project in southwest Chihuahua, Mexico, has cored out 3.55 metres at 249 grams per tonne (g/t) silver equivalent, including 0.77m at 965g/t silver equivalent from 115.4m.
The primary metals intercepts are 3.55m assaying 157g/t silver and 1.2g/t gold, including 600g/t silver and 4.8g/t gold from 115.4m.
The same drill hole also delivered a separate 4.42m hit at 446g/t silver equivalent or 297g/t silver and 1.9g/t gold from 126.58m, including 1.67m at 676g/t silver equivalent or 442g/t silver and 3g/t gold from 128.15m.
Both intercepts came from the company's previously modelled Pertenencia epithermal-breccia vein system.
'These are fantastic results to kick off our maiden drilling campaign at the Yoquivo project in Mexico.'
Advance Metals managing director Dr Adam McKinnon
Advance Metals managing director Dr Adam McKinnon said: 'The assays from hole YQ-25-001 clearly demonstrate the exceptional potential of the project, with individual silver grades up to 2250g/t and gold up to 17.2g/t. Along with the very high-grade mineralisation in the modelled Pertenencia Vein, the intersection of more than 40 metres of contiguous silver mineralisation in the footwall is also highly encouraging.'
The 40m of contiguous mineralisation was discovered in other intercepts of significant zones of moderate to high grade mineralisation below Pertenencia, which do not appear to correlate with the foreign resource estimate that applied when Advance acquired Yoquivo late last year.
Yoquivo's estimated resource of 937,000 tonnes at 570g/t silver equivalent - comprising 2.1g/t gold and 410g/t silver for 17.23 million ounces of silver equivalent - was delivered by Golden Minerals in its 2023 technical report on the Yoquivo mineral resource estimate.
The silver equivalent used in the Yoquivo resource estimate was based on a gold price of US$1860 (A$2860) per ounce and a silver price of US$24 (A$36.90) per ounce. Those prices are now US$3325 (A$5112) per ounce gold and US$36.38 (A$55.93) per ounce silver.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sky News AU
5 hours ago
- Sky News AU
Millions of Aussie consumers ditching US-made products over Donald Trump's trade war, comparison site Finder reveals
Aussie shoppers are steering clear of United States brands as the stench of Donald Trump's trade war latches onto American-made products. New research from comparison site Finder, shared exclusively with revealed almost one in four Aussies (23 per cent) are avoiding buying US goods due to President Trump's tariff regime. Another 31 per cent said they plan on avoiding buying American products in the coming months, meaning 11.6 million Aussies are either avoiding or plan to avoid purchasing US-made goods. Finder's head of consumer research Graham Cooke said President Trump's trade war could hurt the US economy as he seeks to boost American manufacturing. 'This shift in shopping habits could deliver a multi-billion dollar blow to American brands fighting for a foothold in Aussie households,' Mr Cooke said. 'As trade tensions escalate, many Australians are voting with their wallets in a move that could redraw the retail map. 'The great Aussie Trump dump signals more than protest – it's a potential pivot in loyalty that local and alternative brands are poised to capitalise on.' Finder's research showed men and women were equally avoiding purchasing American-made products, however, more women were planning to avoid buying US goods. Almost two in five women (38 per cent) said they planned on avoiding US goods while 25 per cent of men said they plan to steer clear of products made in President Trump's America. Meanwhile, baby boomers and gen Z were the most likely to avoid purchasing US goods due to the trade war. Mr Cooke said shoppers could be tactful by supporting local industries while President Trump attempts to force manufacturing to American shores. "Every dollar you spend helps shape the economy. By choosing local alternatives, Aussies can support homegrown businesses,' he said. "This is a wake-up call to rethink our spending habits – ditch the brands that don't align with your values and back businesses that support local jobs and sustainable practices. "Consumers have more power than they realise. Audit your spending, shop smarter and hopefully save some money in the process.' Australian steel and aluminium exports now face 50 per cent tariffs after the Trump Administration doubled the levies earlier this month. Automotive parts face a 25 per cent tariff while the nation remains temporarily exempt from the US President's sweeping 10 per cent 'Liberation Day' tariffs until July 9. The US and China continue to undergo negotiations to avert a massive trade war after the two economic superpowers continually hiked tariffs on each other earlier in the year. China had a 125 per cent tariff on US goods at the peak of the trade war, while the US had a 145 per cent tariff on China before they mutually agreed to drastically lower the levies.
Man of Many
15 hours ago
- Man of Many
Old Fitzgerald Keeps It Classy With New ‘7-Year Bottled in Bond' Bourbon
By Jacob Osborn - News Published: 12 June 2025 |Last Updated: 11 June 2025 Share Copy Link Readtime: 3 min Every product is carefully selected by our editors and experts. If you buy from a link, we may earn a commission. Learn more. For more information on how we test products, click here. Old Fitzgerald bourbon is a history lesson unto itself, and one can sense as much just by scoping the timeless bottle design. The label stayed the course through Prohibition and eventually took their operation to the famous Stitzel-Weller Distillery, which shuttered in 1992. Production migrated over to Bernheim Distillery and then again to the current owner, Heaven Hill. Limited supply and skyrocketing price points have kept the majority of these expressions out of reach, but that all changes with a new signature statement. Introducing Old Fitzgerald's 7-Year-Old Bottled-in-Bond Straight Kentucky Bourbon Whiskey. Over the last decade, Heaven Hill have been keeping Old Fitz alive with a certain degree of temperance (pun intended). However, don't take that to mean the core distillate isn't readily accessible to whiskey lovers. In addition to the affordable Old Fitzgerald Prime, we have the Larceny bourbon range, which likewise uses the same core mashbill of 68% corn, 20% wheat, and 12% malted barley. At the higher end of the spectrum is the acclaimed Decanter Series, a limited edition release that tends to sell out quickly and fetch meteoric prices on the secondhand market. With 7-Year-Old Bottled-in-Bond, an exciting new chapter unfolds in the long and storied history of Old Fitz. Offered at a suggested retail price of US$59.99 (though prices have already increased due to limited supply), the wheated bourbon walks the line between bottom-shelf Prime and the tippy-top-shelf Decanter Series. The liquid delivers a bright copper colour and a welcoming nose of graham cracker and honey. Tasting notes include fresh bread, brown sugar, cinnamon, apricot, and baking spice, which give way to oak at the finish. It's bottled at 100 proof and that's just enough to dial up the flavour without burning your throat on the way down. The use of wheat means one can expect a relatively smooth ride, in general. Old Fitzgerald's 7-Year-Old Bottled-In-Bond | Image: Supplied The launch of 7-Year-Old Bottled-in-Bond doubles as a soft reboot for Old Fitz, complete with their first dedicated website. Between that and various social media campaigns, it's clear that Heaven Hill is committed to preserving the legacy of this historic label. Driving home the heritage vibe is an iconic bottle design that holds the past closely to its heart. 'Seven years proved to be a sweet spot for a Whiskey that already transcends expectations for a wheated Bourbon,' said Master Distiller Conor O'Driscoll of the latest release. While more readily available than the Decanter Series, the new expression appears to be selling out fast. If you can find a bottle for around US$80 or less, don't hesitate to pull the trigger.
Sydney Morning Herald
16 hours ago
- Sydney Morning Herald
Give Trump ‘a new Pine Gap', say experts claiming AUKUS go-slow
AUKUS was announced in 2021, but the government has not picked a nuclear waste site or an east coast submarine base, and there are concerns about the speed of planning for a shipyard in Henderson, Western Australia. Australia made the first of six $US500 million ($770 million) payments to boost the capacity of the US submarine industry earlier this year as part of the $368 billion deal, and has hosted visiting American vessels. The US informed Australia about a 30-day review of the pact weeks ago, which became public on Thursday. Defence Minister Richard Marles said he welcomed the review. 'It's something which is perfectly natural for an incoming administration to do,' he said on the ABC. Senior Australian government sources, not permitted to speak publicly, said the US stood to gain from AUKUS and believed the review might be designed to gain leverage as Washington pushed Australia to spend more on defence. Former US ambassador Joe Hockey said bases should be expanded into locations at which the US could perform large volumes of submarine maintenance to help the US overturn a backlog crippling its ability to keep subs in operation. 'It would be enormously important to the Americans and allow for a significant increase in their capability and deterrence value in the region,' Hockey told this masthead. 'Australia is lagging behind.' The man central to the US' AUKUS review, defence official Elbridge Colby, has previously expressed reservations about handing over nuclear submarines in the early 2030s at the same time as a potential confrontation between China and Taiwan may demand all the US' firepower. Colby has this year made more positive remarks about AUKUS' first pillar. The review was instituted by Colby, not the White House. But Colby's focus on war-readiness in the case of a conflict with China – which is far from guaranteed, and may not draw in Australia – has spurred calls to make the AUKUS deal more useful for its short-term focus on China. Pezzullo, who helmed the 2009 defence white paper, said the Henderson base should be transformed into a joint facility. 'Better still, Australia could establish this shipyard, by treaty, as a joint Australian-US facility, in recognition of its vital role in the alliance, which could be at least as significant as the contribution of the Pine Gap satellite ground station,' he wrote in an article for the Australian Strategic Policy Institute think tank last month. In 2023, the Albanese government dismissed Pezzullo for exerting undue political influence under the previous Coalition government. 'Being able to operate routinely in the Indian Ocean without having to transit the congested littoral waters of Southeast Asia and in the Western Pacific in times of tension and conflict is of immense strategic value to the US,' Pezzullo wrote. Such a move would likely be contentious and trigger concerns, particularly on the left, about Australian sovereignty and hewing more closely to the US at a time when Western allies and citizens are growing more doubtful about US President Donald Trump's reliability. Loading But Shoebridge said Australia was already deeply enmeshed in US military architecture via Pine Gap, a critical intelligence facility near Alice Springs, and the presence of US Marines in Darwin, approved by former prime minister Julia Gillard. 'I think it would be getting to a level with Pine Gap,' Shoebridge said, backing the idea of a bigger plan for Henderson and criticising Labor for the speed of decision-making and funding on AUKUS milestones. 'If we're not doing those long lead-time items, how can we still tell the Americans we are serious about AUKUS?'
