With the silver price going nuts, reaching all-time highs of US$51 an ounce, Advance Metals has lined up three Mexican silver plays with 100m ounces of silver and counting. They already have grade, scale and plenty of upside and the company has opened multiple new exploration fronts with a view to doubling their foreign estimate from an already impressive 100m ounces of silver equivalent to a massive 200m ounce silver equivalent endowment while updating it all to JORC compliance.
The company has laid out a Mexico‑wide push and flicked the switch on new fieldwork after confirming high‑resolution airborne LiDAR will sweep about 10,000 hectares across its Yoquivo, Guadalupe y Calvo (GyC) and Gavilanes projects. The company says diamond drilling will restart at Yoquivo within weeks, while approvals and target work at GyC and Gavilanes will set the stage for new drilling there.
The international silver price hit an all-time high this month.
The company has already seen some serious success in the field over the last quarter that resulted in its share price going vertical, from a low of 3.5c at the end of August to touch 18c at the start of October. At Yoquivo, Advance’s maiden program hit several high‑grade silver‑gold zones, including a solid intercept of 4.87 metres at 544 g/t silver‑equivalent that extended the Pertenencia vein down‑dip by about 60 to 70 metres.
A resampling effort is underway on 6,351 metres of previously unassayed historical core to capture mineralisation missed by earlier explorers. In late September, mapping to the southeast of the Dolar system turned up a new un‑drilled vein set peaking at 1,594 g/t AgEq in rock chips — now flagged for first‑pass drilling in the new program.
Across at GyC in Chihuahua, the earn‑in project carries a 2021 Foreign Estimate of 9.5 million tonnes at 2.7 g/t gold‑equivalent for 816,000 ounces AuEq, or about 60.6Moz AgEq within the Rosario‑Nankin vein system. Advance’s immediate focus is the north‑western Rosario panel, offset by the La Bufa Fault, where mineralisation remains open along strike and at depth. Approvals and community engagement are in train ahead of a first campaign in early 2026.
At Gavilanes in Durango, the company is prioritising mapping and sampling to sort a long list of targets around and beyond the 22.4Moz AgEq Foreign Estimate before stepping in with its first drilling in the first half of 2026. Like Yoquivo, Gavilanes also has unassayed historical core that could sharpen the geological model once sampled.
Funding is in place too after a $13 million placement corner‑stoned by institutions and management has flagged plans for a North American dual‑listing to broaden investor access.
The next catalysts are clear: first results from the Yoquivo core‑resampling program; fresh LiDAR imagery illuminating structures and old workings; and rig mobilisation at Yoquivo before year‑end — followed by maiden drilling at GyC and Gavilanes once approvals and prioritisation are complete.
Silver’s backdrop has shifted decisively from tailwind to trade‑wind. Spot prices have pushed to record territory around the US$51 per ounce mark in mid‑October on safe‑haven flows and a tight physical market.
