Fourth Gavilanes diamond hole returns high grade silver
| Stock | Advance Metals Ltd (AVM.ASX) |
|---|---|
| Release Time | 11 Aug 2026, 8:20 a.m. |
| Price Sensitive | Yes |
Advance Metals Reports High-Grade Silver Intersections at Gavilanes
- Fourth diamond hole returns 13.2 metres at 311g/t Ag including 6m at 612g/t Ag
- All four holes completed to date have intersected high-grade silver
- Mineralisation remains open in every direction
- Gavilanes Project emerging as Advance's flagship asset
Advance Metals Limited (ASX:AVM) reports significant high-grade silver intersections from the fourth diamond hole at its Gavilanes Project in Mexico. Hole GV-26-004 returned 13.2 metres at 311g/t Ag including 6 metres at 612g/t Ag, extending the silver zone 55 metres south. This result builds on previous intersections from holes GV-26-001, GV-26-002, and GV-26-003, which have all intersected high-grade silver. The mineralised system remains open up-dip, down-dip, and along strike. Assays are pending for holes GV-26-005 and GV-26-006, which represent the largest southern step-outs drilled to date. The project is located in a prolific silver district, with the potential for a larger polymetallic system beneath the near-surface silver mineralisation.
Advance Metals plans to continue expanding the mineralised footprint at Gavilanes, test the wider system, and incorporate the current drilling into a maiden JORC Mineral Resource targeted for the fourth quarter of 2026.