Advance Metals Targets Major Silver Expansion Amid Record Prices
As silver prices soar to unprecedented levels, reaching approximately $51 per ounce, Advance Metals is strategically positioning itself to capitalize on this surge. The company has identified three promising silver projects in Mexico, boasting an impressive 100 million ounces of silver equivalent. With plans to double this estimate, Advance Metals is not only enhancing its resource base but also setting the stage for significant exploration and development activities.
Strategic Expansion in Mexico
Advance Metals has embarked on an ambitious initiative across its Mexican properties, which include the Yoquivo, Guadalupe y Calvo (GyC), and Gavilanes projects. The company is leveraging advanced technology, including high-resolution airborne LiDAR, to survey around 10,000 hectares of land. This innovative approach aims to uncover new exploration opportunities and refine existing targets.
The company is poised to restart diamond drilling at the Yoquivo project within weeks. Meanwhile, preparations for drilling at GyC and Gavilanes are underway, with approvals and target identification progressing smoothly. This proactive approach reflects Advance Metals’ commitment to maximizing its silver potential in a rapidly evolving market.
Recent Successes Fueling Growth
The past quarter has been particularly fruitful for Advance Metals, with its share price experiencing a remarkable increase from 3.5 cents at the end of August to 18 cents by early October. This surge can be attributed to successful exploration results at Yoquivo, where the company’s initial drilling program revealed several high-grade silver-gold zones. Notably, one intercept recorded an impressive 4.87 meters at 544 grams per tonne (g/t) silver equivalent, extending the Pertenencia vein significantly.
In addition to these promising results, Advance Metals is conducting a resampling initiative on 6,351 meters of previously unassayed historical core. This effort aims to capture mineralization that may have been overlooked by earlier explorers. Recent mapping efforts have also identified a new un-drilled vein set southeast of the Dolar system, with rock chip samples peaking at 1,594 g/t silver equivalent, now earmarked for initial drilling.
Project Highlights: GyC and Gavilanes
At the GyC project in Chihuahua, Advance Metals is focusing on the Rosario-Nankin vein system, which has a 2021 Foreign Estimate of 9.5 million tonnes at 2.7 g/t gold equivalent, translating to approximately 816,000 ounces of gold equivalent or 60.6 million ounces of silver equivalent. The company’s immediate focus is on the northwestern Rosario panel, where mineralization remains open along strike and at depth. Community engagement and necessary approvals are in progress, with the first drilling campaign anticipated in early 2026.
Meanwhile, at the Gavilanes project in Durango, Advance Metals is prioritizing mapping and sampling to refine its target list surrounding the 22.4 million ounces of silver equivalent Foreign Estimate. The company plans to initiate its first drilling campaign in the first half of 2026, similar to its approach at Yoquivo, where historical core samples could enhance the geological model.
Financial Backing and Future Plans
Advance Metals has secured funding through a $13 million placement, supported by institutional investors. This financial backing will enable the company to pursue its ambitious exploration plans. Additionally, management has indicated intentions for a dual-listing in North America, aimed at broadening investor access and enhancing market visibility.
The upcoming catalysts for Advance Metals are clear. Investors can anticipate initial results from the Yoquivo core resampling program, fresh LiDAR imagery that will illuminate geological structures, and the mobilization of drilling rigs at Yoquivo before the year concludes. Following these developments, the company plans to commence drilling at GyC and Gavilanes once all necessary approvals are obtained.
The Silver Market Landscape
The backdrop for silver has shifted dramatically, transitioning from a mere tailwind to a robust trade wind. The recent spike in spot prices, driven by safe-haven flows and a tightening physical market, underscores the growing demand for silver. Historically, silver has been viewed as a hedge against inflation and economic uncertainty, making it an attractive investment during turbulent times.
The current market dynamics are reminiscent of previous silver booms, such as those in the late 1970s and early 1980s, when prices surged due to geopolitical tensions and economic instability. As investors seek refuge in precious metals, the outlook for silver remains bullish, further enhancing the prospects for companies like Advance Metals.
Conclusion
Advance Metals is strategically positioned to capitalize on the current silver market boom, with ambitious plans to double its silver equivalent resources in Mexico. The company’s proactive exploration efforts, combined with recent successes and strong financial backing, set the stage for significant growth. As the silver market continues to evolve, Advance Metals stands ready to navigate the challenges and opportunities that lie ahead, making it a company to watch in the coming years.
