TSXV:AALI.H - Post by User
Post by
knoxton Aug 19, 2020 11:32am
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11:16 AM EDT, 08/19/2020 (MT Newswires) -- Advance Gold Corp. (AAX.V) on Wednesday provided an update on current drilling and announced a new phase of geophysics. Past geophysical work has identified a geophysical anomaly, approximately 3500 metres horizontal, and at the point where it dips vertically, there is another 500 metres and the anomaly remains open. Currently, there is only one IP survey line going north to south. The new phase of geophysics will add four additional lines, running parallel to the first line. They will be 1km long lines at 75 metre spacing and will help better understand the northern portion of the anomaly, the company said.
Drill hole AGT-16 is down approximately 600 metres and is being extended to at least 700 metres and may go further. The reason to extend is that it is meant to try to catch the anomaly as it dips vertically to depth. Once all of AGT-16 is completed, core samples will be assayed.
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