Resource Details and Development Plans
Announcing a maiden JORC resource of 33 million ounces of silver equivalent, Advance Metals has reached a significant milestone at its Yoquivo Project in Mexico, as of 8 April 2026. This development reflects the company’s extensive exploration efforts. Comprising 8.8 million tonnes at 120g/t AgEq, the resource includes 23 million ounces of silver and 140,000 ounces of gold. Compared to previous estimates, the discovery indicates a 92% increase, marking Yoquivo as a large-scale, emerging silver-gold system.
“This initial JORC Resource marks a significant milestone for Advance, delivered less than 18 months after acquiring Yoquivo and confirming the scale potential of this emerging large-scale silver-gold system,” stated Managing Director and CEO Dr Adam McKinnon.
Mineralisation at Yoquivo stretches over a strike length exceeding 750 metres and up to 250 metres in width. Remaining open along strike and at depth, the resource suggests potential for further expansion. Approximately 31Moz AgEq of the resource is contained within the Pertenencia deposit, with additional mineralisation identified at the Esperanza deposit.
An extensive drilling database, consisting of 99 diamond holes totaling more than 26,000 meters, supports the estimate. Recent drilling by Advance and newly assayed historical core have identified additional mineralised zones. Notably, mineralisation remains open along strike and at depth, and multiple additional target areas have been identified across the broader project.
Low-Cost Discovery and Future Steps With
A discovery cost of approximately US$0.10 per ounce, Advance’s efficient exploration strategy is evident. The addition of the Yoquivo resource increases the Company’s total Mexican resource endowment to 116Moz AgEq across its portfolio of high-grade projects, positioning Advance as a growing silver-gold developer in a globally significant mining jurisdiction. Preparations are underway for the next phase of drilling and development at Yoquivo.
Advance Metals aims to increase the resource base and explore additional targets, focusing on expanding the resource and refining geological models to enhance their understanding of the extensive mineralisation. This strategic plan highlights the potential for both open pit and underground mining scenarios. Related Articles
Last updated: 8 April 2026, 1:05 pm
