en.Wedoany.com Reported - Advance Metals has obtained early validation results from its initial diamond drilling program at the Gavilanes silver project in western Durango, Mexico, with the first hole intersecting high-grade silver mineralization.

Hole GV-26-001 intersected 33.9 meters of mineralization grading 220 g/t silver from 117.6 meters depth, including 6.2 meters grading 718 g/t silver from 133 meters depth. Additional high-grade silver mineralization was intercepted at greater depths in the hole, accompanied by elevated base metals and gold, including 3.3 meters grading 270 g/t silver, 0.2 g/t gold, 0.7% copper, 0.7% lead, and 1.1% zinc from 164.6 meters depth, which includes 1.65 meters grading 394 g/t silver, 0.4 g/t gold, 1.1% copper, 1.1% lead, and 1.7% zinc from 166.25 meters depth.

Hole GV-26-001 reached a depth of 276 meters, targeting the down-dip extension of the Descubridora high-grade structure. Mineralization was intercepted approximately 80 meters down-dip of the structure, west of the high-grade zone previously defined by historical hole SCHN-12. This result provides early validation for the rapid expansion of the Gavilanes high-grade silver system, which already has an external estimated resource of 22.4 million ounces of silver equivalent (AgEq) at a grade of 246 g/t AgEq. The company's current drilling program aims to significantly expand the known high-grade system and is expected to support a mineral resource update under the JORC Code by the end of 2026.

Advance Managing Director and CEO Dr. Adam McKinnon stated that hole GV-26-001 intersected a broad zone of high-grade silver mineralization, including a 6.2-meter interval grading 718 g/t silver, providing early validation of the strategy outlined in the initial drilling program.

The company recently completed hole GV-26-002 to a depth of 291 meters, designed to test the southern extension of the known mineralized system, and is currently awaiting assay results from this hole. A third extension hole, GV-26-003, is currently being drilled. The initial diamond drilling program comprises 15 to 18 holes for a total of 4,500 meters. The company is simultaneously using new lithological, structural, and geochemical data generated by this program to update the geological model at Gavilanes.

Next steps include receiving laboratory results from hole GV-26-002, completing hole GV-26-003, continuing drilling on priority targets, reviewing and sampling selected historical drill core, and evaluating areas beyond the current resource estimate to determine the expansion potential of the Gavilanes system.

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