Advance Metals finalizes key acquisition

Advance Metals (ASX:AVM) has completed the acquisition of the Yoquivo High Grade Silver Project in Mexico. The company made a final payment of US$275,000 to secure 100% ownership. The project holds a foreign estimate of 937Kt at 570 g/t AgEq, equating to around 17.23 million ounces AgEq. Advance Metals plans exploration and drilling to establish a JORC Mineral Resource Estimate.

Advance Metals outlines future exploration plans

Advance Metals has secured the Yoquivo Silver Project, emphasizing its potential due to high-grade silver estimates. The company is poised to undertake exploration to validate and expand on historical drilling results, with a particular focus on achieving JORC compliance. The strategic acquisition supports the company's goal of enhancing its portfolio in silver, copper, and gold projects. With silver prices high, Advance Metals aims to leverage this acquisition to boost shareholder value through resource development and discovery.

Executive insights on Yoquivo acquisition

The acquisition of the Yoquivo Silver Project provides Advance Metals with a low-cost entry into a high-grade, underexplored silver asset in Mexico. We are eager to begin systematic exploration and drilling activities to confirm historic findings and establish a JORC-compliant Mineral Resource Estimate. This project aligns with our strategic objectives to maximize shareholder value through strategic acquisitions and exploration.