Latest news with #Yoquivo
Sydney Morning Herald
21-05-2025
- Business
- Sydney Morning Herald
Advance hits stride with maiden silver assessment in Chihuahua, Mexico
Mexico, the world's leading silver producer, is renowned for such deposits, with Chihuahua hosting some of the country's richest mines. With assay results looming, the coming months could deliver high-grade intercepts that build on previous stunning hits, such as a 6.2m hit at a massive 2404g/t silver and 17.2g/t gold, or 1.2m at 1895g/t silver and 34g/t gold. Advance says that Yoquivo's appeal lies in its multiple parallel vein systems, offering several advantages for exploration, including multiple targets per hole, high hit rate and quick growth potential from extensions. Yoquivo's grade places it attractively among undeveloped silver projects in the popular mining jurisdiction. Converted to gold equivalent, it currently equates to an impressive 5.7–7.6g/t gold equivalent, a stonking grade considering the attractive 85 per cent recovery rates suggested from historic metallurgy. Advance also has two exciting projects in Victoria, the Myrtleford and Beaufort gold projects. Both are within the historical Victorian goldfields, known for producing more than 80M ounces of gold during its hay day. As silver and gold prices continue their upward trajectory in 2025, Advance Metals is well-positioned to capitalise in two of the worlds emerging hot districts. Risks always follow first pass testing of any new projects but if Yoquivo can throw up similar numbers to its Victorian project, rocking an extraordinary 11.5m at 160.4g/t gold, the company could be onto a pair of high-grade hidden gems. Is your ASX-listed company doing something interesting? Contact: mattbirney@
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.
