ADVANCE METALS LIMITED (AVM)
DEVELOPING HIGH GRADE SILVER AND GOLD ASSETS
MEXICO
AUSTRALIA
Advance Metals (AVM)
Advance Metals Limited (ASX:AVM) is a silver and gold exploration and development company with high quality assets in North America and Australia.
In October 2024 the Company announced the acquisition of a 100% interest in the high grade Yoquivo Silver-Gold Project in Chihuahua, Mexico. The project sits in the prolific Sierra Madre Occidental Belt and boasts an existing NI43-101 Foreign Estimate of 17.23Moz silver-equivalent (AgEq) at a grade of 570g/t AgEq, with immediate upside potential. AVM conducted its maiden exploration program at Yoquivo in May 2025, comprising 3,100 metres of diamond drilling in the high grade Pertenencia area.
Advance also entered into an agreement in January 2025 to purchase the Gavilanes Silver Project in Durango from Sailfish Royalty Corp (TSX-V:FISH & OTCQX:SROYF). The project lies 23km northeast of First Majestic Silver Corp’s San Dimas Mine (134Moz Ag) and has an existing NI43-101 Foreign Estimate of 22.4Moz AgEq at 246g/t AgEq. Only a small percentage of the known mineralisation is currently drilled, with Advance expecting to kick-off exploration at the site shortly.
In July 2025, AVM announced its most significant acquisition to date, entering into an agreement to acquire a 100% interest in the Guadalupe y Calvo Gold-Silver Project (GyC) from Endeavour Silver Corp. Golkd and silver mining has occurred at GyC since 1835 with at least 2Moz Au and 30Moz Ag produced from the site. The project hosts current NI43101 Indicated and Inferred Resources of 816koz AuEq or 60.6Moz AgEq, with significant potential upside identified by Advance’s technical team.
In early 2025 the Company entered into an agreement with Serra Energy Metals (CSE:SEEM & OTCQB:ESVNF) to acquire an 80% joint venture interest in the high grade Myrtleford and Beaufort Gold Projects in Victoria, Australia. Advance’s maiden drilling program at the Myrtleford Project has produced exceptional grades at the Happy Valley Prospect, including 7.5 metres at 47.9g/t Au in AMD003 and 8.2 metres at 22.4g/t Au in AMD001, with follow up drilling along strike and down dip planned in the near future.
Guadalupe y Calvo Gold-Silver Project
Investor Highlights
- 816 Koz AuEq (60.6 Moz AgEq) Foreign Estimate (Indicated + Inferred).
- High-grade underground: 494 Koz AuEq at 5.0g/t AuEq (373g/t AgEq).
- Historic production: >2Moz gold & 31Moz silver since 1835.
- Over 86,000m of drilling completed, mineralisation open along strike and depth.
- Located in the Sierra Madre Occidental, mid-way between AVM’s Yoquivo and Gavilanes projects
Yoquivo Silver-Gold Project
Investor Highlights
- Foreign Estimate (2023): 17.2Moz AgEq at 570g/t AgEq (2.1g/t Au, 410g/t Ag).
- Maiden AVM drilling (2025): 1.11m at 2,063g/t AgEq (1,556g/t Ag & 6.6g/t Au) within 4.9m @ 544g/t AgEq.
- Additional hits: 40.6m at 105g/t AgEq (incl. 4.4m at 446g/t AgEq).
- Historic Golden Minerals drilling (2020–22): 6.2m at 17.9g/t Au & 2,404g/t Ag, incl. 0.4m at 188.5g/t Au & 21,447g/t Ag.
- Multiple epithermal quartz vein systems mapped over 3 km strike; mineralisation remains open
Gavilanes Silver Project
Investor Highlights
- Foreign Estimate (2021): 22.4Moz AgEq at 246g/t AgEq (207g/t Ag, 0.15g/t Au)
- Landholding of 13,500 ha (11 concessions) in the prolific San Dimas mining district (Durango, Mexico) which has historically produced over 748 Moz silver and 11 Moz gold
- Multiple mineralised zones (Gavilanes, Central, Western) with just 0.2 km² drilled out of a 15 km² vein field.
- Located 23 km NE of First Majestic’s San Dimas Mine
Myrtleford and Beaufort Projects
Advance Metals entered into a binding agreement with Serra Energy Metals Corp. (CSE:SEEM and OTCQB:ESVNF) to acquire an 80% interest in the Myrtleford and Beaufort Gold Projects in January 2025 against a backdrop of record high gold prices. The Projects are strategically located in the heart of Australia’s Victorian Goldfields, a region renowned for producing over 80Moz of gold. Serra have
previously spent A$6 million on exploration, with the tenements hosting hundreds of know historic gold workings.
