Advance Metals Ltd High Grade Silver at Gavilanes
Key points
- Gavilanes drilling returns up to 4,120g/t Ag
- GV-26-008 extends high grade silver mineralisation
- Gold mineralisation also intersected to the south
- Metallurgical testwork underway to assess recoveries
- Maiden JORC Mineral Resource targeted for Q4 2026
Full summary
Advance Metals Ltd (ASX:AVM) has reported further high-grade silver, gold, and base metal mineralization from its Gavilanes Silver Project in western Durango, Mexico. Hole GV-26-008, drilled below previously intersected high-grade silver mineralization, returned 4.6 metres at 945g/t Ag, 1.4% Zn, and 1.0% Pb from 66.7m, including a remarkable 1.0 metre at 4,120g/t Ag, 5.7% Zn, and 4.1% Pb from 66.7m. This interval contains the highest individual silver assay returned by Advance's drilling program at Gavilanes to date. The lower interval in GV-26-008 represents the highest-grade zinc-lead intersection encountered at the project to date. Drilling remains ongoing, with assays pending for GV-26-009, which is testing further westerly extensions to the high-grade system. Metallurgical testwork has commenced on silver-dominant and polymetallic samples to assess potential recoveries of silver, gold, copper, zinc, and lead. Results from the latest drilling and metallurgical program will feed into a maiden JORC Mineral Resource for Gavilanes, targeted for Q4 CY2026.
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