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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.066 -0.059 (-47.20%)+
Announcement
Release
6 Feb 2026 8:19AM
Price at Release
$0.125
Full Release
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Summary
Advance Metals Limited has undertaken a significant core sampling program at the Yoquivo Silver-Gold Project, highlighting its resource potential. Approximately 5,000 meters of unsampled historic core were tested, revealing elevated silver and gold values in 519 meters of core, with high-grade intervals exceeding 100g/t AgEq in several holes. Broad intersections of moderate-grade mineralization were identified in the central portion of the deposit, suggesting potential for bulk tonnage mining. The company's technical team plans to evaluate different cutoff grade scenarios for an upcoming JORC resource upgrade. The exploration results are based on the combination of original assays and new sampling data, which demonstrate significant potential for resource expansion.
Key Points
  • Advance Metals conducted a core sampling program at Yoquivo.
  • 5,000 meters of historic core were tested; 519 meters showed elevated values.
  • High-grade intervals exceeding 100g/t AgEq were found in 13 holes.
  • Broad mineralization intersections suggest potential for bulk tonnage mining.
  • Evaluation of different cutoff grade scenarios for JORC resource upgrade is planned.
  • Exploration results indicate significant potential for resource expansion.
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.