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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.063 -0.025 (-28.41%)+
Announcement
Release
6 May 2026 8:20AM
Price at Release
$0.088
Full Release
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Summary
Advance Metals Limited has started diamond drilling at the Gavilanes Silver Project in Durango, Mexico. This project, owned entirely by Advance Metals, marks the first on-ground exploration since its acquisition. The site hosts a significant Foreign Estimate of silver equivalent resources. The current drilling project is focused on extending existing high-grade mineralization and testing new targets, with hopes of confirming and expanding the known mineralization. Previous drilling has shown promising results with high silver grades at shallow depths.
Key Points
  • Advance Metals Limited has commenced diamond drilling at the Gavilanes Silver Project.
  • The project is located in Durango, Mexico and is 100% owned by Advance Metals Limited.
  • Historical data indicates high-grade silver mineralization with significant potential for expansion.
  • The drilling program aims to test and extend high-grade mineralization and identify new targets.
  • A Foreign Estimate exists at the project comprising 2.83Mt at 246g/t AgEq, containing 22.4Moz AgEq.
  • Previous exploration activities returned exceptional silver grades from shallow depths.
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.