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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.065 -0.009 (-12.16%)+
Announcement
Release
4 Jun 2026 8:22AM
Price at Release
$0.074
Full Release
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Summary
Advance Metals Limited (ASX:AVM), an Australian company, announced significant initial results from their maiden drilling program at the 100%-owned Gavilanes Silver Project in Durango, Mexico. The first diamond drill hole, GV-26-001, intersected a broad zone of high-grade silver mineralisation, measuring 33.9 meters at 220g/t silver, including 6.2 meters at 718g/t silver. The program aims to extend the high-grade Descubridora structure and support a JORC Mineral Resource upgrade, expected by early Q4 CY2026. The findings reinforce the project's potential to contribute substantial value, coupled with ongoing exploration at the company's Yoquivo Project, where silver-equivalent resources have doubled.
Key Points
  • First drill hole GV-26-001 intersects high-grade silver zone.
  • Broad zone of 33.9m at 220g/t Ag, includes 6.2m at 718g/t Ag.
  • Drilling targets extensions of high-grade Descubridora structure.
  • Current drilling expected to support JORC upgrade by Q4 CY2026.
  • Potential for significant growth in company's Mexican portfolio.
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.