Hole GV-26-002 also delivers project’s strongest copper interval
Advance Metals has widened the exploration case at its Gavilanes Silver Project in Mexico after a second diamond drill hole pushed high-grade silver mineralisation farther south and cut the strongest copper interval yet recorded at the project.
Hole GV-26-002 returned 8.4 metres at 245g/t silver, including 3 metres at 523g/t silver. Beneath the existing silver system, the same hole also intersected 54.6 metres grading 0.6% copper, 22g/t silver and 0.3g/t gold.
The copper-silver-gold zone sits below the known silver mineralisation and adds support to Advance Metals’ view that Gavilanes could host a much larger polymetallic system than previously recognised.
The company released the update on 1 July 2026 from Perth, Australia. Advance Metals trades on the ASX under the code AVM.
Managing Director and chief executive Dr Adam McKinnon said: “Our second diamond drill hole (GV-26-002) is a significant result for Advance because it extends the high grade silver system to the south and delivers the strongest copper interval drilled at Gavilanes to date.”
SCHN-01 backs deeper copper-gold model
A review of older drilling also uncovered a previously unreported copper-silver-gold intersection in nearby hole SCHN-01. That historical result supports an interpretation that copper and gold grades strengthen with depth.
Taken together, the new hole and the historical record suggest Gavilanes may be a stacked, multi-stage mineralising system. Advance Metals has compared the geological style to the nearby San Dimas district.
The Gavilanes results add to the company’s broader push in Mexico. Earlier in 2026, Advance Metals reported a 33Moz silver equivalent JORC Inferred Mineral Resource at its Yoquivo project.
Work at Gavilanes is continuing. Assays are still pending from a third drill hole, GV-26-003, while a fourth hole is already under way.
Advance Metals is using the latest intercepts to refine its geological model for the project. The company is targeting a JORC Mineral Resource upgrade for Gavilanes in the fourth quarter of calendar year 2026.
