The new gig at Advance comes as the company leans hard into its Mexican project trio of Yoquivo, Guadalupe y Calvo (GyC) and Gavilanes.
The projects already pack a combined 100-million-ounce silver equivalent punch in non-JORC foreign estimates, with the company confident it can double that number into a JORC compliant resource quickly.
The Mexican projects are already delivering the exploration goods too. At the Yoquivo prospect earlier this year, maiden drilling delivered high-grade hits up to a staggering 2063g/t silver equivalent, extending its main Pertenencia vein 60-70m down-dip from historic known mineralisation.
Guadalupe y Calvo still lands in a smaller foreign resource estimate but boasts some 60.6-million-ounce silver equivalent estimate that is slated for maiden drilling programs early next year. Gavilanes and its 22.4-million-ounce silver equivalent is also prepping for its first rigs following GyC.
Advance says it is flat out building a 200-million-ounce silver equivalent target.
This comes as silver is riding a wave to push past a near-record US$50 an ounce on safe-haven buying and industrial hunger.
Mexico, remarkably, is the world’s top silver producer. It is the place to be and Advance’s timing looks spot-on as both gold and silver surge.
Recent LiDAR results and core resampling has sharpened the company’s targets, as Yoquivo drilling is set to restart soon. Backed by a recent weighty $13 million capital raise and a new experienced silver chief, the coming onslaught of drilling in the next six months bodes well for the focussed latin American precious metals play.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
