Latest news with #AdvanceMetals
Sydney Morning Herald
7 days ago
- 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
7 days ago
- 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
20-06-2025
- Business
- The Age
Advance drilling program aims to extend high-grade Victorian gold
Advance Metals has restarted diamond drilling at its high-grade Myrtleford gold project in the Victorian goldfields, with the company's first hole testing below a previous 47.9 grams per tonne (g/t) gold intercept. The earlier maiden drilling hole hit 7.5 metres at 47.9g/t gold. The company will now test about 20m down plunge below it, as well as northwest along strike from another hole that intercepted 11.5m at 160.4g/t gold. Advance plans to put in at least six more diamond holes at its Happy Valley prospect in the hunt for plunge and strike extensions to the existing and often spectacular high-grade gold mineralisation. The new program follows Advance's very successful inaugural drilling earlier this year, which produced a swag of impressive gold hits from four holes at Happy Valley. Results included 8.2m at 22.4g/t gold, with 3.2m at 54.7g/t gold; 2.9m at 6.7g/t gold; 7.5m at 47.9g/t gold, including 1.3m at 271.6g/t gold and 1.1m at 18.2g/t gold. The Happy Valley phase of the new program will be followed immediately by the company's maiden drilling campaign at its Sheard's Reef and Queen of the Hills prospects, which will extend its drilling across a six-kilometre portion of the Happy Valley gold-mineralised trend. The company is still waiting on the final assays from four holes put in during a previous program at its Twist Creek target. It expects to receive the results shortly. In January, Advance entered a binding agreement with Serra Energy Metals to acquire an 80 per cent joint venture interest in the Myrtleford and Beaufort gold projects.
