SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (41997)3/29/2018 7:28:24 PM
From: Goose94Respond to of 203690
 
Advance Gold (AAX-V) they'll being saying the same thing on ceo.ca in a year.

Message 31549767



To: Goose94 who wrote (41997)4/10/2018 6:34:45 PM
From: Goose94Read Replies (2) | Respond to of 203690
 
Advance Gold (AAX-V) Apr 10, '18 has released promising underground sampling results from its Tabasquena silver mine in Ojocaliente, Mexico. Follow up drilling is now underway, with a first phase, which will be 500 metres of core drilling on two holes of 250 metres each. The goal of the drilling will be to get approximately 100 metres below the oxide zone, of the main Tabasquena vein and into the La Nina vein beside it, well into the sulphide zone of these two epithermal veins.

Highlights of Underground Sampling

18 underground samples taken at various depths from underground workings

Highest grades came from the deeper samples

Encouraging grades of up to 362 g/t silver near surface

In deepest 5 samples, two are well over a half kilogram per tonne silver

Two highest grade samples, are 642 g/t and 656 g/t silver

Drilling underway

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: "It is evident from our underground sampling, that we are hitting the ground running at our Tabasquena silver mine. Which is a 'shadows of a headframe' project located near the Milagros mine headframe 6.5 kms away. Using the old underground workings at Tabasquena, we were able to get in to take samples from various different levels in the oxidized zone . Highlights include that, even in the oxide zone of the Tabasquena epithermal vein, we are seeing solid grades. This is not a surprise, as the historical mining by Penoles was confined to the oxide zone. One of the main goals of the sampling was to get deeper into the oxide zone and into the transition and sulphide zones. It is from those deeper samples we recovered the highest grades, with two samples of well over a half kilogram per tonne of silver. Our team is thrilled with these results and are happy to begin drilling into the sulphide zone of the Tabasquena and La Nina epithermal veins. There has been no historical mining or drilling into the sulphide zones of these veins."

Phase One Drilling

Two holes are planned, each of 250 metres, using a core drilling rig. The holes will be angled holes, with a goal to intersect the veins well into the sulphide zone.

Historical work completed by Penoles, included an IP survey and underground mining. Although this information is historical in nature on, it will be used by the company for drill hole selection. Along with the assistance of results from recent underground sampling.

The past underground mining will be of particular assistance as it maps out a good portion of Tabasquena vein, in the oxide zone. One of the two drill holes will be drilled below into the sulphide zones of the epithermal vein.

Beside the Tabasquena vein is the La Nina vein where much less historical work has been done. The historical IP survey seems to pick up both veins and will be used to help in selecting drill hole locations.

Surface sampling at La Nina will also be completed prior to drilling to further assist in drill hole orientation.

Underground Sampling Details

A total of 18 samples were taken, from various levels, in the table below you will find the grades for gold, silver, lead and zinc.

Table of Results

Channel samples were taken perpendicular to the vein strike, samples of 2 kg where recovered and secured in sample bags under the supervision of the qualified person for the program. Samples were delivered to Laboratorio Metalurgico Courtade, in San Luis Potosi, Mexico by the qualified person. Samples were assayed using fire assay for gold and silver, and atomic absorption for lead and zinc.

Julio Pinto Linares, PGeo, is the qualified person responsible for this release and has prepared, supervised and approved the preparation of the scientific and technical disclosure contained within the release.

About Advance Gold

Advance Gold is a TSX-V listed junior exploration company focused on exploring and acquiring mineral properties containing precious metals. The Company currently has a 13.5% interest on strategic claims in the Liranda Corridor. The remaining 86.5% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold). In addition, Advance Gold has recently acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. The Tabasquena project is a shadows of a headframe project near the Milagros silver mine, near the city of Ojocaliente, Mexico.

For further information, please contact:

Allan Barry Laboucan, President and CEO
Phone (604) 505-4753
advancegold.ca