Advance Metals Limited has intersected two separate high-grade silver zones in the fourth diamond drill hole at its 100%-owned Gavilanes Project in Durango, Mexico, extending the mineralised system 55 metres further south.

Hole GV-26-004 returned 13.2 metres at 311 grams per tonne silver from 123 metres, including a 6.0-metre interval grading 612 grams per tonne silver from 125.4 metres. The hole also intersected a deeper zone of 6 metres at 199 grams per tonne silver from 150.6 metres, which included 2.4 metres at 367 grams per tonne silver from 151.8 metres.

All four completed diamond holes to date have encountered high-grade silver, building on a continuous mineralised corridor extending over more than 750 metres of strike. Mineralisation in the latest hole remains open up-dip, down-dip, and along strike to the south. Advance Metals is executing a maiden exploration program targeting up to 4,500 metres across 15 to 18 diamond drill holes at the project.

“Four holes into our program at Gavilanes and every single one has hit high-grade silver. GV-26-004 has now extended the high grade mineralised system another 55 metres south and returned six metres at 612 grams per tonne, which ranks among the strongest intersections delivered by our drilling to date.”

— Dr Adam McKinnon, Managing Director & CEO

Assays are currently pending for holes GV-26-005 and GV-26-006, which represent Advance Metals' largest southern step-outs drilled to date at more than 100 metres further south.

The ongoing drilling results will feed into a maiden JORC Mineral Resource estimate for Gavilanes, which Advance Metals is targeting for the fourth quarter of calendar year 2026. The project currently hosts a Foreign Estimate of 2.83 million tonnes at 246g/t silver equivalent, containing 22.4 million ounces AgEq. Within the wider portfolio, the company previously established an Inferred JORC Mineral Resource of 33 million ounces of silver equivalent at its Yoquivo project in Mexico.

Regional exploration activity across the surrounding district includes Pacifica Silver reporting drill results at its Claudia project in July 2026, including an interval of 4.44 metres at 8.00 g/t gold and 65 g/t silver.

Read the full announcement: Fourth Gavilanes diamond hole returns high grade silver