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Advance Gold Corp.

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Summary

Project:

Tabasquena

Deposit:Tabasquena
Location:Mexico
Commodities:Gold-Silver-Copper-Lead-Zinc
Date:1/21/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:21-1-2020: Advance Gold Corp. announces an Exploration/Drilling Update report for its Tabasquena deposit at the Tabasquena project. Drilling results incl. 1.1m @ 0.198g/t Au, 77.7g/t Ag, 0.0155% Cu, 1.885% Pb, 1.405% Zn from 269.45m. Advance Gold Corp. (T
Resources:x
CP/QP:[Overall Report]: Julio Linares (Internal)
ABSTRACT:Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce assay results from a 78 metre sulphide zone previously announced (see Dec. 24/2019 news release) from the Company’s Tabasquena project in Zacatecas, Mexico. Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “With this first hole drilled into a large continuous chargeability anomaly (IP) we interpret this anomaly is caused by sulphides that carry precious and base metals. Each time we do additional geophysics and drilling we come to a better understanding of this widespread mineralizing structure with all the hallmarks of a long-lived system. Approximately 12 miles to the east of Tabasquena is the San Nicholas VMS deposit, this deposit has a geometry like an inverted cone, with a zinc rich zone nearest to surface followed by a deeper copper rich zone. We are currently drilling our second hole into the large chargeability anomaly. A third phase geophysical (IP) survey will be completed shortly, this will better define the chargeability anomaly and its southerly extension. All of this work will result in a strong flow of news.”

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