Latest news with #AdamMcKinnon
The Age
20 hours ago
- 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.
Sydney Morning Herald
20 hours ago
- Business
- Sydney Morning Herald
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.
The Age
21-05-2025
- Business
- The Age
Advance hits stride with maiden silver assessment in Chihuahua, Mexico
Advance Metals is hitting its stride with maiden drill testing of its high-grade Yoquivo silver project in southwestern Chihuahua, Mexico. The company says its first diamond drill hole is complete with hole two underway. The company says its ambitious 3000m program is targeting high-grade epithermal vein stacks in one of Mexico's most promising silver-gold districts. Advance's first hole pierced to depths of 450 meters at the Yoquivo with the campaign focused on its high-grade Pertenencia prospect, which already hosts the project's non-JORC foreign estimate of 937,000 tonnes at serious 570 grams per tonne (g/t) silver-equivalent (AgEq) for 17.23 million ounces AgEq. The existing non-compliant resource was defined by over 16,500m of historical drilling, with the company focussed on upgrading that resource to a JORC compliant rating following this 3000m. The program is currently targeting extensions to known high-grade zones with all holes designed to strategically intersect up to four modeled epithermal veins, that host the high-grade silver mineralisation. 'The coming months should be very exciting as we look to expand the already impressive endowment of silver and gold at the site.' Advance Metals managing director Dr Adam McKinnon First assays are expected in the second half of June, as the company eagerly awaits its first inspection of the newly acquired Central American project. Advance Metals managing director Dr Adam McKinnon said: 'This milestone means we are now moving ever closer to seeing our first high grade silver-gold assays returned from the project. Given that the full program will see up to 3,000 metres of drilling completed at Yoquivo, the coming months should be very exciting as we look to expand the already impressive endowment of silver and gold at the site.' Epithermal vein systems, like those at Yoquivo, host some of the highest grade silver deposits globally for precious metals pundits. Formed near the Earth's surface in volcanic settings, these systems channel hot, mineral-rich fluids through cracks in the crust, depositing high-grade silver and gold in concentrated zones.
Sydney Morning Herald
05-05-2025
- Business
- Sydney Morning Herald
Advance uncovers more stellar high-grade Victorian gold
Advance Metals has discovered stellar grades of gold from maiden drilling and rock chip programs in Victoria, with grab samples grading up to 66 grams per tonne (g/t) at its Happy Valley prospect, which is part of the company's wider Myrtleford project in the state's goldfields. Results from the company's fourth diamond drill hole returned 6.1 metres at 3.5g/t gold from 245m, including a high-grade 1.1m slice at 18.2g/t from 250m. It follows a range of impressive gold hits from an earlier three holes, which included 8.2m going 22.4g/t in hole one, 2.9m at 6.7g/t from hole two and a significant interval of 7.5m running at 47.9g/t from the third hole. Advance's 85-sample rock chip program produced multiple stunning grades, with grab samples of 42.5g/t, 26.2g/t and 23.2g/t gold at Sheards Reef, 1500m along trend from the Happy Valley drill site. The company also has a drill bit spinning at its latest project grounds in Mexico, where it kicked off a diamond drilling campaign at its newly acquired, high-grade Yoquivo silver-gold project. Focusing on the Victoria Goldfields, Advance's Barwidgee area returned peak values of gold going 24.8g/t and 21.9g/t at its Quatre Bas and Happy Go Lucky prospects, with 12.8g/t at the company's Initiator prospect, 2 kilometres northwest. 'Our maiden drilling program at Myrtleford has been incredibly successful.' Advance Metals managing director Adam McKinnon Its highest-grade find of 66.7g/t and a solid 24.3g/t were found at the company's Victoria prospect, and rock-solid grades of 39.1g/t and 23.7g/t were recorded at the Danish prospect, both within its Twist Creek ground. The strong gold grades amplify the potential of the Myrtleford project, which has never seen all its prospective areas tested by the hard edge of a drill bit. Management says the drilling program has tested the Twist Creek zone 45km north-northwest of Happy Valley and assays are pending for holes five and six drilled at the nearby Scandinavia prospect.
The Age
05-05-2025
- Business
- The Age
Advance uncovers more stellar high-grade Victorian gold
Advance Metals has discovered stellar grades of gold from maiden drilling and rock chip programs in Victoria, with grab samples grading up to 66 grams per tonne (g/t) at its Happy Valley prospect, which is part of the company's wider Myrtleford project in the state's goldfields. Results from the company's fourth diamond drill hole returned 6.1 metres at 3.5g/t gold from 245m, including a high-grade 1.1m slice at 18.2g/t from 250m. It follows a range of impressive gold hits from an earlier three holes, which included 8.2m going 22.4g/t in hole one, 2.9m at 6.7g/t from hole two and a significant interval of 7.5m running at 47.9g/t from the third hole. Advance's 85-sample rock chip program produced multiple stunning grades, with grab samples of 42.5g/t, 26.2g/t and 23.2g/t gold at Sheards Reef, 1500m along trend from the Happy Valley drill site. The company also has a drill bit spinning at its latest project grounds in Mexico, where it kicked off a diamond drilling campaign at its newly acquired, high-grade Yoquivo silver-gold project. Focusing on the Victoria Goldfields, Advance's Barwidgee area returned peak values of gold going 24.8g/t and 21.9g/t at its Quatre Bas and Happy Go Lucky prospects, with 12.8g/t at the company's Initiator prospect, 2 kilometres northwest. 'Our maiden drilling program at Myrtleford has been incredibly successful.' Advance Metals managing director Adam McKinnon Its highest-grade find of 66.7g/t and a solid 24.3g/t were found at the company's Victoria prospect, and rock-solid grades of 39.1g/t and 23.7g/t were recorded at the Danish prospect, both within its Twist Creek ground. The strong gold grades amplify the potential of the Myrtleford project, which has never seen all its prospective areas tested by the hard edge of a drill bit. Management says the drilling program has tested the Twist Creek zone 45km north-northwest of Happy Valley and assays are pending for holes five and six drilled at the nearby Scandinavia prospect.
