Latest news with #AdamMcKinnon
Sydney Morning Herald
22-07-2025
- Business
- Sydney Morning Herald
Advance pushes 100-million-ounce silver mark with new Mexican project
Advance Metals has locked in the right to earn up to 100 per cent of the high-grade Guadalupe y Calvo gold-silver project in the northwest Mexican state of Chihuahua, providing the company with a non-JORC compliant foreign estimate of more than 100 million ounces silver-equivalent across three projects. Advance has signed a binding agreement with the United States and Canadian-listed miner and explorer Endeavour Silver Corp to fully acquire the project over four years. The project contains a solid gold foreign estimate that adds to the company's growing silver stack. It is in the same region as the high-grade Copalquin gold-silver project being explored by ASX-listed Mithril Silver and Gold, about 80 kilometres southwest. Guadalupe y Calvo comprises a non-JORC compliant foreign estimate of 9.5 million tonnes grading 2.7 grams per tonne (g/t) gold-equivalent for 816,000 ounces gold-equivalent or 60.6M ounces silver-equivalent. The silver component complements previous foreign estimates of 17.23M ounces silver-equivalent at its Yoquivo project, about 245km northwest, and 22.4M ounces silver-equivalent at its Gavilanes project in the state of Durango, to total more than a stellar 100M silver-equivalent ounces. 'Advance is now positioned as the largest ASX participant in the silver-gold exploration and development space in Mexico, with enormous upside potential from all three of our projects.' Advance Metals managing director Dr Adam McKinnon Previous highlight drilling results at Guadalupe y Calvo from an estimated 86,000 metres of exploration and resource definition drilling include 6.5m at 3.6g/t gold and 3646g/t silver from 38.5m, 15m going 16.8g/t gold with 373g/t silver from 36m and a 4m chunk of 15.9g/t gold and 1225g/t silver from a depth of 290m. Narrow high-grade intervals of 1.45m grading 23.4g/t gold and 1105g/t silver from 86.6m and a 1.95m slice at 22.5g/t gold and 1456g/t silver from 553m add to the impressive drill results. The foreign estimate contains a high-grade indicated and inferred underground portion consisting of 3.05Mt running at 5g/t gold-equivalent for an impressive 494,000 gold-equivalent ounces.
The Age
22-07-2025
- Business
- The Age
Advance pushes 100-million-ounce silver mark with new Mexican project
Advance Metals has locked in the right to earn up to 100 per cent of the high-grade Guadalupe y Calvo gold-silver project in the northwest Mexican state of Chihuahua, providing the company with a non-JORC compliant foreign estimate of more than 100 million ounces silver-equivalent across three projects. Advance has signed a binding agreement with the United States and Canadian-listed miner and explorer Endeavour Silver Corp to fully acquire the project over four years. The project contains a solid gold foreign estimate that adds to the company's growing silver stack. It is in the same region as the high-grade Copalquin gold-silver project being explored by ASX-listed Mithril Silver and Gold, about 80 kilometres southwest. Guadalupe y Calvo comprises a non-JORC compliant foreign estimate of 9.5 million tonnes grading 2.7 grams per tonne (g/t) gold-equivalent for 816,000 ounces gold-equivalent or 60.6M ounces silver-equivalent. The silver component complements previous foreign estimates of 17.23M ounces silver-equivalent at its Yoquivo project, about 245km northwest, and 22.4M ounces silver-equivalent at its Gavilanes project in the state of Durango, to total more than a stellar 100M silver-equivalent ounces. 'Advance is now positioned as the largest ASX participant in the silver-gold exploration and development space in Mexico, with enormous upside potential from all three of our projects.' Advance Metals managing director Dr Adam McKinnon Previous highlight drilling results at Guadalupe y Calvo from an estimated 86,000 metres of exploration and resource definition drilling include 6.5m at 3.6g/t gold and 3646g/t silver from 38.5m, 15m going 16.8g/t gold with 373g/t silver from 36m and a 4m chunk of 15.9g/t gold and 1225g/t silver from a depth of 290m. Narrow high-grade intervals of 1.45m grading 23.4g/t gold and 1105g/t silver from 86.6m and a 1.95m slice at 22.5g/t gold and 1456g/t silver from 553m add to the impressive drill results. The foreign estimate contains a high-grade indicated and inferred underground portion consisting of 3.05Mt running at 5g/t gold-equivalent for an impressive 494,000 gold-equivalent ounces.
The Age
07-07-2025
- Business
- The Age
Broad drill hits expand Advance Metals Mexican silver-gold footprint
Advance Metals has delivered a second haul of strong silver-gold results from its maiden diamond drilling program at the company's high-grade Yoquivo project in southwestern Chihuahua in Mexico. The company's first probe with the drill rig is chasing high-grade epithermal vein stacks in the heart of the Sierra Madre Occidental Belt, which is one of Mexico's most promising silver-gold districts. A single drill hole has intersected a stacked series of mineralised zones, including a thick 23.8 metres averaging 85 grams per tonne (g/t) silver equivalent from 100m, followed by a 16.4m hit at 104g/t silver equivalent from 133m and 21.2m at 55g/t silver equivalent from 162.9m. Encouragingly, a second hole pierced a shallow broad zone of mineralisation from 30m below the surface, pulling up 17.5m at 111g/t silver equivalent. Deeper down, the same hole hit 1.3m at an impressive 516g/t silver equivalent from 224.2m, 6m averaging 176g/t silver equivalent from 285m and an additional 2.2m at 285g/t from 324.7m. The broad zones of mineralisation extend beyond the current defined envelope at Pertenencia, underscoring its strong potential for resource expansion. Geological remodelling is underway as the company targets a maiden JORC-compliant mineral resource estimate. 'These new results show the incredible upside potential of the project.' Advance Metals managing director Dr Adam McKinnon The latest haul follows Advance's first pass results that delivered stunning silver-gold intercepts, including a 3.5m hit grading 249g/t silver equivalent, a bonanza 4.42m at 676g/t and a thick 40.57m averaging 105g/t silver equivalent. The company is now drilling a final hole in the 3000m program at the northern end of Pertenencia. The campaign has zeroed in on the high-grade prospect, home to Yoquivo's impressive non-JORC foreign estimate of 937,000 tonnes at a hefty 570g/t silver equivalent for a total of 17.23 million ounces silver equivalent.
Sydney Morning Herald
07-07-2025
- Business
- Sydney Morning Herald
Broad drill hits expand Advance Metals Mexican silver-gold footprint
Advance Metals has delivered a second haul of strong silver-gold results from its maiden diamond drilling program at the company's high-grade Yoquivo project in southwestern Chihuahua in Mexico. The company's first probe with the drill rig is chasing high-grade epithermal vein stacks in the heart of the Sierra Madre Occidental Belt, which is one of Mexico's most promising silver-gold districts. A single drill hole has intersected a stacked series of mineralised zones, including a thick 23.8 metres averaging 85 grams per tonne (g/t) silver equivalent from 100m, followed by a 16.4m hit at 104g/t silver equivalent from 133m and 21.2m at 55g/t silver equivalent from 162.9m. Encouragingly, a second hole pierced a shallow broad zone of mineralisation from 30m below the surface, pulling up 17.5m at 111g/t silver equivalent. Deeper down, the same hole hit 1.3m at an impressive 516g/t silver equivalent from 224.2m, 6m averaging 176g/t silver equivalent from 285m and an additional 2.2m at 285g/t from 324.7m. The broad zones of mineralisation extend beyond the current defined envelope at Pertenencia, underscoring its strong potential for resource expansion. Geological remodelling is underway as the company targets a maiden JORC-compliant mineral resource estimate. 'These new results show the incredible upside potential of the project.' Advance Metals managing director Dr Adam McKinnon The latest haul follows Advance's first pass results that delivered stunning silver-gold intercepts, including a 3.5m hit grading 249g/t silver equivalent, a bonanza 4.42m at 676g/t and a thick 40.57m averaging 105g/t silver equivalent. The company is now drilling a final hole in the 3000m program at the northern end of Pertenencia. The campaign has zeroed in on the high-grade prospect, home to Yoquivo's impressive non-JORC foreign estimate of 937,000 tonnes at a hefty 570g/t silver equivalent for a total of 17.23 million ounces silver equivalent.
The Age
11-06-2025
- Business
- The Age
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.
