BIG, BIG NEWS...C'MON FOLKS GET YOUR ACT TOGETHER! Advance Gold drills 2.15 m of 664 g/t Ag at Tabasquena
2020-10-05 14:55 ET - News Release
Mr. Allan Laboucan reports
ADVANCE GOLD HITS 2.15M OF 664G/T SILVER IN HOLE 15 AND 1.3M OF 5.45% ZINC IN HOLE 16 AT TABASQUENA PROJECT IN ZACATECAS, MEXICO
Advance Gold Corp. has released drilling results from holes AGT-15 and AGT-16 from the Tabasquena project in Zacatecas, Mexico. The results are from the company's flagship property, which is investigating a 3,500-metre-long, continuous, high-chargeability induced polarization (IP) anomaly.
Drilling results
Drill holes AGT-15 and AGT-16 focused on drilling a 3,500-metre-long, continuous chargeability anomaly.
The distance between holes is approximately 2,200 metres.
Highlights:
- AGT-15 was at the southern end of the anomaly in an area where mostly thin lenses of disseminated sulphides were found. It returned a highlight intersection of 2.15 metres of 664 grams per tonne silver.
- AGT-16 was at the northern end of the anomaly in an area where the anomaly has a hinge and drops vertically to beyond detection limits of the IP survey. The highlight intersection returned 1.3 m of 5.45 per cent zinc from a hole of 6.5 metres of 2.22 per cent zinc in the zone that hit sections of semi-massive sulphides.
- AGT-17 is currently under way and is situated on the same collar location as AGT-16, but drilling at a high-chargeability anomaly 75 metres to the east.
A new geophysical survey will be under way within days to determine east-to-west dimensions of the geophysical anomaly at the northern end.
Allan Barry Laboucan, president and chief executive officer of Advance Gold, commented: "The first three holes into the 3,500-metre, continuous chargeability anomaly were focused at the southern end. Results from hole AGT-15 shows promising grades of over a half kilo per tonne of silver. Hole AGT-16, drilled 2,200 metres to the north of AGT-15, also hit promising lead and zinc grades in a zone of semi-massive sulphides. It is clear we have a very large sulphide system at Tabasquena. To further vector in on massive sulphides, we recently completed a geophysical survey that identified high-chargeability anomalies 75 and 150 metres to the east of the 3,500-metre anomaly; they are closer to the surface. Current drilling of hole 17 is drilling toward the 75-metre east target. In addition to drilling, we are starting another IP geophysical survey at the northern end of the anomaly near where we hit semi-massive sulphides. This will help us develop a 3-D model of the geophysical anomaly. Samples 6864 and 6865 are 2.23 metres of a couple hundred grams silver; then there were no samples taken for 5.61 metres; then we had the 2.15 metres of 664 g/t silver. Now that we have assays back and know how good that zone is, we will have the 5.61-metre gap cut and five metres below the high-grade silver sent for assays."
The intervals indicated are drill intersections, as there is not enough information at this time to define true widths of the mineralization.
Drill core is logged and sampled in a secure core storage facility located near the Tabasquena claims at Ojocaliente, Mexico. Core samples from the drill holes are cut in half, using a diamond-cutting saw, and sent to SGS Minerals in Durango, Mexico, for sample preparation and assaying. The company relies on SGS Minerals for quality assurance/quality control procedures. All samples are analyzed for gold using standard fire assay/AA (atomic absorption) techniques and ICP for all other metals.
Dr. Julio Pinto Linares, doctor in geological sciences with specialty in economic geology, qualified professional No. 01365 by the MMSA (Mining and Metallurgical Society of America) for Advance Gold, is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
About Advance Gold Corp.
Advance Gold is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017 and the Venaditas project, also in Zacatecas, in April, 2018. In addition, Advance Gold holds a 12.23-per-cent interest in strategic claims in the Liranda corridor in Kenya, East Africa. The remaining 87.77 per cent of the Kakamega project is held by Shanta Gold Ltd.
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