For thousands of other reports visit RSC's Mineral Intellingence Map
Advance Gold Corp.
Summary
| Project: | Tabasquena | |
|---|---|---|
| Deposit: | Tabasquena | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 8/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2018: Advance Gold Corp. announces an Exploration/Drilling Update report for its Tabasquena deposit at the Tabasquena project. Drilling results incl. 1.15m @ 0.853g/t Au from 225.5m. August 20, 2018 Advance Gold Corp. (TSXV: AAX) ("Advance Gold" or " | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Julio Linares (Not stated) | |
| ABSTRACT: | August 20, 2018 Advance Gold Corp. (TSXV: AAX) ("Advance Gold" or "the Company") reports on final assays from its first phase of exploration drilling at the Tabasquena Silver Mine, near Ojocaliente, Mexico. Drill hole AGT-02 was the high-grade gold discovery hole, reported in a news release on July 19/2018, the high-grade was hit at the contact over 1.7 metres (true width has yet to be determined) of 9.64 g/t gold. This is the first hole, to test below the near surface oxide zone (estimated to be approximately 10 metres below the oxides), hole AGT-02 returned gold mineralization throughout the 19 metres vein. Drilling below this intersection will be a high priority target in phase 2 drilling. Another positive return from phase 1 drilling was a 4.80 metres sulphide zone intersection (true width has yet to be determined) that seems to be unassociated with the Tabasquena epithermal vein but is located close beside. In this sulphide zone, only anomalous grades of silver, lead and zinc were returned. Drilling below the sulphide zone intersection, to get deeper into the sulphide system, is another high priority target for drilling in phase 2. An important take-away from phase 1 is that most vein intersections were in the oxidized portion of the veins. Drilling confirmed that the oxide zone goes down to a vertical depth of approximately 175 metres. The only hole to get below that depth in a vein was the gold discovery hole. Phase 2 drilling, will target drilling the veins below the oxidized zone. Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: "Our key goal at the start of phase 1 drilling was to find certain veins, plus step out along strike of the Tabasquena vein and see if it continued to depth. Historical mining was confined to the oxidized portion of the Tabasquena vein. Intersecting high-grade gold just below the oxide zone is a great start. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report