Advance Metals is advancing toward its maiden mineral resource estimate (MRE) for the newly acquired Yoquivo silver project, located in the Ocampo Municipality of Chihuahua State, Mexico. The project has an estimated 937,000 tonnes at 570 grams per tonne silver-equivalent, totaling approximately 17.23 million ounces of silver-equivalent.
In October 2024, the company entered into a binding agreement with Golden Minerals Company to acquire the Yoquivo project for US$570,000. Following a thorough technical due diligence process, Advance Metals confirmed existing results and remains optimistic about the project’s potential. The company highlighted “significant” upside, identifying several drill-ready targets for its upcoming drilling campaign.
Advance Metals plans to conduct a twin-hole drilling campaign as part of its data verification and exploration efforts. This will be followed by a step-out drilling program aimed at defining the maiden MRE. A site visit and re-sampling program will be conducted to assess the location, condition, and historical samples before proceeding with the drilling.
The acquisition of the Yoquivo Silver Project represents a cost-effective entry into one of the world’s leading silver-producing regions. Mexico, which accounts for 23% of global silver production, is the top producer, followed by China and Peru.
As a battery and base metals explorer, Advance Metals is focused on projects with potential for silver, copper, and gold.