Advance Metals Limited (ASX: AVM) announced a strategic binding sale agreement with Golden Minerals Company to acquire a 100% interest in the Yoquivo Project, a high-grade silver asset located in the promising northwest region of Chihuahua State, Mexico. This acquisition positions Advance to capitalize on a rare, low-cost opportunity in the lucrative silver sector. The Yoquivo Project not only boasts an existing foreign estimate of substantial silver and gold reserves but also has a reassuring history of extensive exploration and drilling, particularly during a time of record-high silver prices.
Advance is committed to driving this project forward with a robust exploration program and additional drilling, pending all necessary approvals. It aims to establish a maiden JORC Mineral Resource Estimate while showcasing significant potential for mineralization growth. This endeavor marks a pivotal moment for Advance as it seeks to unlock the total value of this exceptional project.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
