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.
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