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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.066 -0.001 (-1.49%)+
Announcement
Release
11 Aug 2026 8:20AM
Price at Release
$0.067
Full Release
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Summary
Advance Metals Limited has been actively pursuing exploration at the Gavilanes project, an area with historical silver mining but limited modern exploration efforts. Recent drilling efforts have uncovered a vertically stacked mineralized system, demonstrating high-grade silver mineralization near the surface and a more complex polymetallic system at greater depths. Key results have been obtained from the Descubridora structure, with significant silver intersections supporting the potential for larger exploration targets beneath the known silver system. The project provides substantial exploration opportunities with several vein systems still unexplored.
Key Points
  • Advance Metals Limited focused on growing and converting existing mineralized systems at the Gavilanes project.
  • The Gavilanes project has a long history of silver mining but has seen limited modern exploration.
  • Recent drilling revealed a vertically stacked mineralized system with high-grade silver near the surface and increasing polymetallic associations at depth.
  • Drilling at the Descubridora structure yielded significant silver intersections.
  • Advance Metals Limited continues to explore additional vein systems that remain largely untested.
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.