The latest discoveries have sparked a sampling blitz of the more than 6350m of untested core, and Advance has 3500m of high-potential core in the lab.
Gavilanes rounds out the resources with 2.8Mt at 246g/t silver equivalent for 22.4 million ounces, plus some minor copper, lead and zinc credits for byproduct potential.
All three projects sit in the Sierra Madre Volcanic Belt, a region renowned for hosting world-class deposits such as Newmont Mining’s Zacatecas project, which hosts well over a billion ounces of silver equivalent.
Advance is crafting detailed exploration programs to unearth its bounty of high-grade silver-gold zones, ensuring a steady pipeline of catalysts to close out the year.
With silver prices recently hitting more than US$40 per ounce and gold soaring to US$3500 per ounce this week, Advance’s timing couldn’t be better.
The company’s dual focus on Mexican silver-gold and its high-grade Myrtleford gold project in Victoria are a perfect one-two combo to ride the precious metals wave.
As Advance pushes for JORC-compliant resources and ramps up exploration, its Mexican portfolio is emerging as a strong two-nation player in the ASX’s precious metals sector, with significant district-scale potential in a prolific belt.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
