Advance Metals acquires promising silver project

Advance Metals (ASX:AVM) has acquired the Yoquivo High-Grade Silver Project in Mexico. This acquisition gives the company a 100% interest in the project. Yoquivo is a historical district with significant silver and gold production. The acquisition aligns with Advance Metals' strategy to enter the silver sector with strong project potential.

Advance Metals' strategic acquisition and future plans

Advance Metals has strategically acquired the Yoquivo Silver Project, securing a 100% interest in this promising site located in Mexico's Chihuahua State. This acquisition is part of a broader strategy to expand into the silver sector. Advance Metals plans to conduct further exploration and drilling to establish a JORC-compliant Mineral Resource Estimate. The company aims to capitalize on the strong silver market conditions and the project's promising geological potential. Advance Metals remains fully funded to pursue these activities and is also exploring additional projects to enhance its asset base.

Executive commentary from Advance Metals

Advance Metals is thrilled to announce the acquisition of the Yoquivo Silver Project. This acquisition represents a strategic entry into the silver sector with a project that has significant historical production and exploration potential. We are committed to advancing the project through a systematic exploration program to establish a JORC-compliant Mineral Resource Estimate and explore the mineralization potential further. The acquisition comes at an opportune time, given the strong silver market conditions, and is a testament to our strategy of expanding our portfolio and maximizing shareholder value.