Advance Metals Consolidates Mexican Portfolio with Guadalupe y Calvo Acquisition in Transformational Quarter

Core Insights - Advance Metals has completed a significant acquisition of the high-grade Guadalupe y Calvo gold-silver project in Mexico, increasing its total silver equivalent endowment to over 100 million ounces across three projects [1][2] Acquisition and Project Development - The acquisition of the Guadalupe y Calvo project is described as "transformational" for Advance, providing scale, grade, and growth potential in a recognized mining district [2] - The project encompasses ten concessions over 27.5 square kilometers in the Sierra Madre Occidental volcanic belt [2] - Historical drilling in the project area exceeds 86,000 meters, with an estimated 9.5 million tonnes at 2.7 grams per tonne gold equivalent and 198 grams per tonne silver equivalent, totaling 816,000 ounces of gold equivalent and 60.6 million ounces of silver equivalent [3] Exploration Activities - Advance is advancing government and community approvals for an extensive exploration and drilling program to expand the Rosario and Nankin vein systems [3] - The company completed a 3,111-meter diamond drilling program at the Yoquivo silver-gold project, confirming multiple high-grade mineralization zones, with notable intercepts including 7.6 meters at 116 grams per tonne silver equivalent [4] - New regional mapping has identified previously unmapped vein systems, with rock chip samples grading up to 1,594 grams per tonne silver equivalent [5] Additional Acquisitions - Advance finalized the acquisition of the Gavilanes silver project, which has an estimated 2.83 million tonnes at 245.6 grams per tonne silver equivalent, equating to 22.4 million ounces of contained silver equivalent [6] - Preparations are underway for an exploration campaign to test known vein extensions and investigate additional mineralized zones [7] High-Grade Results - At the Myrtleford gold project in Victoria, drilling at the Happy Valley prospect returned significant gold intersections, including 9.4 meters at 18.6 grams per tonne gold [8] - Re-analysis of earlier holes upgraded two high-grade intervals by up to 29% [8] - The company confirmed the vertical extent of the high-grade system to over 500 meters with visible gold logged in a new hole [9] Corporate Developments - Advance secured $13 million in new funding through a two-tranche placement, ensuring full funding for ongoing exploration in Mexico and Victoria [10] - The company appointed David O'Connor as non-executive chair and established a Mexican advisory board to guide the development of its Latin American assets [11]