Advance Metals Limited has released a comprehensive technical report outlining an extensive drilling campaign and resource estimation for its Guadalupe y Calvo Project in northern Mexico. The report includes detailed data from over 200 diamond drill holes, with numerous drill intersections demonstrating promising gold and silver grades. The company’s technical team employed industry‐standard methodologies, including ordinary kriging and block modelling using 3‐meter cubes, to estimate the mineral resource. Key technical parameters include the use of dual cut-offs of 0.27 g/t AuEq for open pit and 1.33 g/t AuEq for underground sections, and gold equivalent calculations based on a price model of US$1,700 per ounce for gold and US$23 per ounce for silver, assuming 95% recovery for each metal. Notable intersections reported in the dataset include high-grade intervals with exceptional values—one example being a 1.45‐meter interval with 23.4 g/t gold and 1,105 g/t silver, resulting in an estimated gold equivalent grade of 38.4 g/t. The report also provides extensive details on survey methods, sampling protocols, assay techniques, and quality control measures that adhere to NI 43-101 standards and JORC guidelines. Advanced modelling techniques, such as dynamic anisotropy in the kriging process and careful capping of high-grade outliers, have added robustness to the resulting resource estimates, which further support the project’s potential for economic extraction. For investors with a bullish outlook, the depth and rigor of the technical work, combined with multiple high-grade intersections and a solid historical mining framework in the region, point toward significant upside potential. The detailed statistical treatment of the data and use of advanced software to model the resource reflect a high level of technical competence that could underpin a future production scenario, enhancing the company’s exploratory credentials in a well-established mining area. Conversely, the bearish sentiment might focus on the inherent uncertainties that come with early-stage resource estimates. Despite the robust data, further confirmatory drilling and metallurgical testing are required to fully prove economic viability. The complexity of translating extensive drilling data into a final, mineable reserve means that investors should remain cautious until additional validation is complete and regulatory approvals are secured. Overall, while the technical indicators are promising, the ongoing exploration risk and market volatility continue to present challenges that must be navigated carefully by prospective investors.