In separate related work, Advance is close to completing an extensive resampling program comprising more than 4000m of previously unassayed historic core from Pertenencia. Initial results have confirmed strong upside, with grades up to 848g/t silver equivalent.
Including the new drill cores, a total of 4500 samples are now waiting on assays. Recent high silver and gold prices have resulted in extended laboratory turnaround times, however, most results are expected from about mid-January.
The company has also completed a high-resolution airborne LiDAR (light detection and ranging) survey, with data processing ongoing.
LiDAR can create highly detailed 3D models as point clouds of terrain and objects, and is ideal for mapping dense vegetation, infrastructure, mining, and complex sites where conventional surveying can sometimes struggle.
Since the existing Pertenencia resource is a non-JORC foreign estimate, all drilling and resampling results will be used to refine the geological model and underpin a maiden JORC-compliant resource estimate, targeted for completion early next year.
As Advance Metals continues its aggressive exploration at Yoquivo, the project could be set for significant resource growth amid current strong precious metals markets.
The punters are likely to be laser-focused ahead of the upcoming assays from the ongoing diamond drilling and the imminent JORC-compliant resource update.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
