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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.068 -0.052 (-43.33%)+
Announcement
Release
5 Mar 2026 8:25AM
Price at Release
$0.120
Full Release
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Summary
Advance Metals Limited has announced promising results from drilling activities at the Yoquivo Project, highlighting the potential for both bulk-tonnage open-pit and high-grade underground resources. Recent drill holes have confirmed broad silver and gold mineralization, particularly in the central Pertenencia deposit, suggesting a scalable resource potential. Significant intersections include a hole returning 67.88 meters at 134 g/t AgEq, with an inclusion of 23.89 meters at 257 g/t AgEq. The company plans to update the JORC Mineral Resource estimate by late March 2026, focusing on extending current resources and exploring additional vein systems across regional targets.
Key Points
  • Drilling confirms broad silver-gold mineralization at Yoquivo.
  • Potential for bulk-tonnage open-pit and high-grade underground resources.
  • Significant intersections include 67.88m at 134g/t AgEq.
  • Updated JORC Mineral Resource estimate expected by March 2026.
  • Ongoing regional exploration targeting additional vein systems.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.