Advance collects cheap silver and gold from untested core in Mexico

The company says its Pertenencia vein at Yoquivo runs inside a 27.5 square kilometre concession package in the heart of the world-class Sierra Madre epithermal belt, 245km southeast of its Guadalupe y Calvo gold-silver project and 300km southwest of its Gavilanes gold-silver project – the other two legs of Advance’s Mexican silver tripod.

Across the portfolio the foreign estimates stack to more than 100 million ounces, with a further 60.6Moz at Guadalupe y Calvo and 22.4Moz at Gavilanes.

The company has flagged a stretch target to double that into its JORC ounces over the next 18 months with silver and gold prices both sitting near all-time highs after a historic 2025 run.

Mexico remains the world’s top primary silver producer, pumping out roughly 190 million ounces annually.

Following the confirmation of historically overlooked mineralisation in core, the company will throw itself headlong into further core cutting with more resampling batches due weekly to close out 2025.

The company’s is also eyeing off a fresh exploration drive on the homefront at its Myrtleford gold project in Victoria, where it is looking to put its recent $13 million placement to work, following last month’s visible gold intersections below 500m vertical depth at its emerging Happy Valley trend.

Advance says a second rig is booked for mid-November to test the un-drilled Queen of the Hills target 2km along strike from Happy Valley, within its 13km of mineralised corridor inside Australia’s historic Lachlan Fold Belt.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au

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