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Advance Gold’s $AAX.ca Completed Geophysical Survey at Tabasquena Project Identifies a Large Continuous IP Anomaly $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM-Eric at 1:41 PM on Thursday, September 5th, 2019
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Kamloops, British Columbia–(Newsfile Corp. – September 5, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that the recently completed 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico has outlined a significant continuous chargeability anomaly. This anomaly has an east-west width of approximately 250 metres and an apparent strike length of over 800 metres. The anomaly remains open to the north and to the south and at depth.

The complete geophysical report on this work is available on the company’s web site. Image below are cross sections representing a key portion of the overall anomaly.

Figure 10b



To view an enhanced version of this graphic, please visit:
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Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Based on the size and number of vein intersections in the near surface drilling in the andesites, our exploration team has felt that we have found a very large system. The IP survey has now identified such a possible system. Where the IP anomaly starts is approximately 100 metres below the past drilling and almost directly under the main Tabasquena vein. This depth is very important because it is approximately where the graphitic phyllite horizon begins. The major mines nearby, operated by Fresnillo Plc., and MAG Silver’s Juanicipio mine currently under construction, are epithermal veins systems focused on zones within the graphitic phyllites. We have now established the existence of a large IP anomaly, below the widespread gold and silver mineralized veins, in the graphitic phyllite horizon. We are currently making plans to extend the IP grid to the north and south, and to commence our next drilling campaign. To put the size of the anomaly into perspective, while taking into consideration the widespread gold and silver mineralization above it, it is safe to say that this is the size that all major gold and silver mining companies would be interested in. It is clear to see that our small gold and silver exploration company is sitting on a very large target at a time when the industry is dramatically in need of new gold and silver discoveries.”

Details of Geophysical Survey

The 3D Induced Polarization survey was carried out by GEOFISICA TMC SA de CV, between August 3rd and August 14th, 2019. Approximately 9.6 kms of IP data was collected over the central portion of the company’s claims. The IP grid consisted of nine, east-west lines, 100 metres apart. Lines were approximately 1 km long. An off-set pole dipole array was used.

Data processing and inversion of the data was carried out using RES3DINV software. The inversion model was extended to approximately 550 meters below surface. 3D Voxel images together with a series of depth slices were generated (all available on the company’s website).

The main purpose of the IP survey was to map, laterally and at depth the evolution of the known silver veins and to identify new mineralised structures. The survey was designed in such a way to allow approximately 500 to 550 metres of vertical depth investigation.

The IP survey area encompassed the historic and new shafts that are located to the east of the Tabasquena and Nina veins that define a mineralised system that outcrops at surface for 2.0 km. From past exploration work, the Tabasquena vein was recognized over approximately 70 m along strike near the shaft but only at shallow depth (< 100 m).

The nine (9) vertical sections that were extracted from the 3D IP inversion voxels suggest the presence of (4) four main stratigraphic horizons (lithological units) mainly characterized by their resistivity signatures.

The IP data also clearly shows that the large polarisable body/target is apparently quickly deepening northward and getting closer to surface southward. The IP anomaly starts at around 100 metres below the past drill hole intersections that contained widespread gold and silver mineralization in epithermal veins.

Chargeability and resistivity anomalies are indicated on the IP sections (see report on company’s website) and are graded as per their relative strength. Those chargeability anomalies that are deemed to be caused by the same anomalous target are grouped together in what is called a polarisable axis. Only one main axis was delineated following the review of the IP data, which was labeled IPT-1 (Map C351-3 & Figure 11, report on company website). This axis is a single large amplitude continuous anomaly running north-south, coincident with the two shafts at Tabasquena and the surface projection of the mineralised veins. This anomaly has been categorized as having a high chargeability and is conductive. The anomaly has an average depth of approximately 250 to 300 meters. The most southerly line (L7150N) clearly shows that this anomaly is becoming shallower as one moves to the south. It should also be mentioned that this anomaly is visible on every line, albeit less intense on the most northerly line, as the target is becoming deeper to the north.

In conclusion

This geophysical work has identified a large consistent chargeability anomaly that can be seen on all lines, implying a strike extent of at least 800 meters and an apparent width of 250 meters. This observed IP anomaly could define a much wider mineralised system at depth.

The main recommendation of the geophysical report is to extend the 3D IP survey to the southeast for at least 1 km in the direction of the Tesorito shaft, which will determine the southerly extension of the main anomaly and establish whether this main target is becoming shallower. Following this a number of proposed boreholes are planned to intersect this anomaly.

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., and QP for Advance Gold and is the qualified person as defined by National Instrument 43-101 and he has read and approved the accuracy of technical information contained in this news release.

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicolas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 14.63% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.37% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold Corporation).

For further information, please contact:

Allan Barry Laboucan,
President and CEO

Phone: (604) 505-4753
Email: [email protected]

Advance Gold $AAX.ca drills 1.05 m of 0.58 g/t Au at Tabasquena $MGG.ca SIL.ca $FA.ca

Posted by AGORACOM-Eric at 1:19 PM on Wednesday, April 24th, 2019
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  • Phase 3 drilling results from 1100m program at 100% owned Tabasquena
  • The two deep holes did not intersect the targeted depth extension of the cluster of epithermal veins discovered in Phase 1 and 2 drilling
  • Advance believes the fault is the mineral source, and will re-evaluate the dip direction of the veins encountered in earlier drilling.

ADVANCE GOLD HITS SILVER AND GOLD IN OXIDE ZONE OF EPITHERMAL VEIN SYSTEM AT TABASQUENA PROJECT, MEXICO

Advance Gold Corp. has released drilling results from its phase 3 drilling program at the 100-per-cent-owned Tabasquena project in Zacatecas, Mexico. This 1,093-metre diamond drilling program included two deep holes targeting the western extension of a cluster of epithermal veins and one shallow hole to test the potential of the veins in the near-surface oxide zone.

Drilling Highlights

The 180m shallow hole targeted the oxide zone of the vein system and returned a 17.65 metre intersection with gold and silver mineralization throughout. Highlight interval included 4.72m with 0.15 g/t gold and 73 g/t silver. The best gold interval was 1.05m of 0.58 g/t gold and 31 g/t silver.

The oxide zone was hit at approximately 75 metres of depth, it is 125m north along strike of the nearest historical mining. More drilling will be needed to determine if this is a strike extension of the historical mining by Penoles of the main Tabasquena vein, or one of the other veins in the cluster. The two deep holes did not intersect the targeted depth extension of the cluster of epithermal veins discovered in Phase 1 and 2 drilling. It is possible that the veins are more vertically dipping than the company had thought.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We have completed 3 drilling programs for a total of 10 drill holes, 9 focused on drilling below the oxide zone and one targeted to hit the oxide zone at approximately the same depth as the historical mining by former operator Penoles. In this third phase of drilling, our goal was to test the depth extension of the cluster of epithermal veins hit in our earlier drilling. Based on this drill program, we no longer believe the fault is the mineral source, and that we need to re-evaluate the dip direction of the veins we hit in earlier drilling. We have yet to drill into the boiling zone of the cluster of epithermal veins. After our first shallow hole hit a 17.65 metre vein intersection, at approximately the same depth level as Penoles had mined in the past, we were comfortable we had a good intersection to help us understand the oxide zone better. Our findings suggest that either the Tabasquena vein gets significantly wider in the oxide zone as we move north, or that we hit another vein in the cluster, possibly in the oxide zone. We have more drilling to do in order to test the boiling zone of the cluster of epithermal veins, and to test the oxide zone more thoroughly to determine near surface mining potential at the Tabasquena project.”

Details of Phase 3 Drilling

Phase 3 drilling included the first hole that was focused on testing the oxide potential of the epithermal vein system. Hole AGT-09 was targeted to test down to the depth where historical mining intersected the oxides 125 metres away north of the strike of the known vein. More drilling will be required to determine if this is a strike extension of the Tabasquena vein that Penoles mined, or another vein in the cluster.

Deeper drilling in Phase 3 opened up the potential that the veins could be dipping more vertically. The two deep drill holes in Phase 3 (AGT-08 and AGT-10) were drilled from west to east. The targeted vein cluster was not intersected from these western step-outs. Importantly, drilling in phase 3 went through the fault, and back into the andesites which strongly suggests that the fault is not the plumbing system for the cluster of veins.

This hole had 28 core samples taken, they have been submitted to the laboratory for assaying, results are pending.

This hole had two core samples taken, they have been submitted to the laboratory for assaying, results are pending.

Note: All vein widths cut by drills holes are not true widths, they represent the intersection of the incline hole with the dip of the vein. Advance is in the process of estimating true widths for all the vein intersections.

Drill core is logged and sampled in a secure core storage facility located near the Tabasquena claims by Ojocaliente, Mexico. Core samples from the program are cut in half, using a diamond cutting saw, and were sent to Laboratorio Metalurgico Courtade S.A de C.V. in San Luis Potosi, Mexico, for sample preparation and fire assaying for gold and silver. Although, Laboratorio Metalurgico Courtade is not an accredited mineral analysis laboratory, they are a well-respected mineral analysis laboratory with a long history of working for major mining companies in Mexico, as well as a referee laboratory for grade disputes between small scale local miners and the toll mining companies they work with. All samples are analysed for gold and silver using standard fire assay-AA (atomic absorption) techniques. The Company relies on Laboratorio Metalurgico Courtade for QA/QC procedures and protocols for the assaying process.

Dr. Julio Pinto Linares is the qualified person for the Tabasquena project, since June 2018 when drilling began and throughout phase 3. Supervising drilling in the field for drill holes one through ten. He examined and reviewed core boxes in the field, supervised moving core boxes to the secure core storage facility located near the Tabasquena mine and was present during logging and sampling of the core and kept control of all sample bags until delivered to the Laboratorio Metalurgico Courtade. He checked and was present during the QA/QC procedures and protocols during the preparation of the samples.

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., for Advance Gold and is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

Follow Up Drilling Plans for Oxide Zone and Depth Potential of Vein Cluster

The next drilling to explore for the boiling zone of the cluster of veins hit in phase 1 and 2, but, missed in phase 3, will focus on the down dip and the eastern strike potential. Early interpretation of the vein system showed the system dipping to the west, with most of the holes drilling to the east, to hit the veins perpendicular to the dip.

The cluster of epithermal veins below the oxide zone has been intersected for approximately 150 metres from east to west and approximately 250 metres from north to south. In the next planned program drilling will focus on intersecting the boiling point of the system and will be focused on testing the variation of grade from surface to 100 metres depth, which is considered the base of the oxide zone. Also, other oxide targets have been delineated on the property which will be drilled in a subsequent program.

Other News

Advance Gold is pleased to announce the addition of William Atkinson, CPA, CA to the board of directors as an independent director. William Atkinson is a partner of Atkinson & Company, CPA and has extensive governance, financial reporting and auditing experience. He is an important addition to the board of directors that enhances the board with his accounting experience working with publicly reporting companies.

Advance Gold Corp. will grant 1.9 million stock options to its directors, key employees and consultants entitling them to purchase shares over a five year term expiring May 1, 2024 at an exercise price of $0.12 per share. Pursuant to the company’s stock option plan, it will be a term of each stock option agreement that a mandatory hold period will be imposed upon the sale or disposition of any shares acquired for four months from the date of the grant of the stock options.

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

CLIENT FEATURE: Advance Gold $AAX.ca Starts Phase 3 Drilling at the Tabasquena $MGG.ca SIL.ca $FA.ca

Posted by AGORACOM-Eric at 11:14 AM on Tuesday, April 2nd, 2019
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Phase 1: Drilling Identified 4 Epithermal Veins -3 Have Demonstrated Greater Thickness at Depth

Phase 2: Drilling Identified 30 new Epithermal veins in 2 drill holes

Phase 3 Drilling:

  • In the first two phases of drilling, Advance discovered a cluster of epithermal veins, all but a few of them blind, which suggests this drilling intersected the top of the epithermal vein system.
  • A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature.
  • A proposed hole will start from the east side of the fault, drill west, to then go through the cluster of veins to catch them at the boiling zone.
  • The other key focus will be to drill a few shallow holes near a 12 metre intersection of the Tabasquena vein in the oxides. This vein in the oxides is much wider than the historical 2-4 metre mining width utilized by former operator Penoles, which was across 2-4 metres. This intersection was a 125 metre step out to the north of the old mine workings and is approximately 75 metres along strike from the 100 metre deep shaft and headframe.
  • Advance has mining equipment and the Tabasquena project is fully permitted for mining.

FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: Advance Gold Discovery Hole at Tabasquena of 1.7m of 9.64g/t Gold $SIL.ca $SIL.ca $FA.ca

Posted by AGORACOM-Eric at 1:39 PM on Tuesday, March 5th, 2019
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Advance Gold has Identified up to 30 Epithermal veins through the first 2 stages of drilling.

  • AGT-02 Tabasquena intersected 19m of core and is discovery hole of 1.7m of 9.64g/t gold in first 10 metres assayed.
  • La Chiquita – 4.70m Intersection from (109.25 to 113.95) in AGT-04
  • AGT-04 Intersected new Vein Yaki for 0.8m, crosscutting La Chiquita vein for 4.70m,the Tabasquena vein for 10 metres in the oxide zone & the La Nina vein for 11m (129-140m depth)

Phase 3 Drilling

  • In the first two phases of drilling, Advance discovered a cluster of epithermal veins, all but a few of them blind, which suggests this drilling intersected the top of the epithermal vein system.
  • The results from the 2 phases of drilling returned significant gold mineralization (see Press Releases November 1, 2018 and November 6, 2018)
  • A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature.
  • A proposed hole will start from the east side of the fault, drill west, to then go through the cluster of veins to catch them at the boiling zone.

CLIENT FEATURE: $AAX Advance Gold Targets Depth with next Phase of Drilling $MGG.ca $SIL.ca $FA.ca

Posted by AGORACOM-Eric at 8:30 AM on Friday, March 1st, 2019
  • The recently completed drilling in phase 2 identified a series of 30 epithermal veins
  • Approximately 1000m to the northeast, the SG3 Target area, is a structural intersection mapped and sampled by the geological survey of Mexico which is a feeder system type target.
  • Now that we have established that there is a large cluster of epithermal veins at Tabasquena, we are also eager to explore for feeder system type targets. Our plan to drill deeper into the vein system to look for the boiling point in our epithermal veins
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About Advance Gold Corp. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp.

For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

Corporate website: www.advancegold.ca

$AAX.ca Advance Gold Closes Private Placement and Prepares for Phase 3 Drilling $MGG.ca $SIL.ca $FA.ca

Posted by AGORACOM-Eric at 1:30 PM on Thursday, February 28th, 2019
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  • Issued 5,691,539 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.08 for 24 months
  • Proceeds from the financing will be used to fund the phase 3 drilling at the Tabasquena project near Ojocaliente, Mexico
  • A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system

Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that it has closed its previously announced private placement financing (see February 5, 2019 and February 22, 2019 news releases). The Company has issued 5,691,539 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.08 for 24 months, for gross proceeds of $369,950. Proceeds from the financing will be used to fund the phase 3 drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.

All securities issued pursuant to the financing will be subject to a 4 month hold. Finders’ fees have been paid to certain finders in accordance with TSX Venture Exchange policies.

The private placement was effected with 1 insider of the Company subscribing for a total of $75,000, that portion of the Financing a “related party transaction” as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority approval requirements set out in MI 61-101. The Company is exempt from the formal valuation requirement of MI 61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company’s market capitalization. Additionally, the Company is exempt from minority shareholder approval under sections 5.7(1)(a) and (b) of MI 61-101 as, in addition to the foregoing, (i) neither the fair market value of the Units nor the consideration received in respect thereof from interested party exceeds $2,500,000, (ii) the Company has one or more independent directors who are not employees of the Company, and (iii) all of the independent directors have approved the transaction. Material change reports were not filed 21 days prior to the closing of the financing because insider participation had not been established at the time the financing was announced.

Upcoming Drilling

In the first two phases of drilling, Advance discovered a cluster of epithermal veins, all but a few of them blind, which suggests this drilling intersected the top of the epithermal vein system. The results from the 2 phases of drilling returned significant gold mineralization (see Press Releases November 1, 2018 and November 6, 2018).

A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature. A proposed hole will start from the east side of the fault, drill west, to then go through the cluster of veins to catch them at the boiling zone.

The other key focus will be to drill a few shallow holes near a 12 metre intersection of the Tabasquena vein in the oxides. This vein in the oxides is much wider than the historical 2-4 metre mining width utilized by former operator Penoles, which was across 2-4 metres. This intersection was a 125 metre step out to the north of the old mine workings and is approximately 75 metres along strike from the 100 metre deep shaft and headframe. Advance has mining equipment and the Tabasquena project is fully permitted for mining.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our team is very excited to get started on our phase 3 drilling program at the Tabasquena project. We are in the final stages of planning our two pronged approach to drilling, and will provide more details as we begin drilling shortly.

“Past historical mining by Penoles in the oxides had reported high-grade silver, we have stepped out from their underground workings and found a much wider intersection of the Tabasquena vein of 12 metres in the oxides. The shallow holes will help us understand the near surface potential. There are plenty of streaming and royalty companies looking for near term production projects to invest in, yet a small group to choose from. Our timing to test the near surface potential is very good.

“Our deep hole will test the depth potential of the cluster of epithermal veins we have hit in the first 2 phases of drilling. Zonation of grade along the vertical and horizontal is common in epithermal vein systems, our deeper hole will help us understand down to the boiling zone of the system.”

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., for Advance Gold and 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. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 14.53% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.47% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold).

For further information, please contact:

Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

$AAX.ca Advance Reports On 7th Hole of Drilling at Tabasquena Project in Mexico

Posted by AGORACOM-Eric at 4:25 PM on Tuesday, November 6th, 2018
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  • Results for the 7th hole of drilling at the Tabasquena project, near Ojocaliente, Mexico
  • Over 30 epithermal veins have been discovered in the first 7 holes drilled
  • All but 2 of the veins discovered are blind
  • Phase 3 drilling is being planned to test deeper into the system in an attempt to locate the boiling zone of the various veins found to date.

Vancouver, British Columbia–(Newsfile Corp. – November 6, 2018) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) reports results for the 7th hole of drilling at the Tabasquena project, near Ojocaliente, Mexico. Over 30 epithermal veins have been discovered in the first 7 holes drilled below the oxide zone at the Tabasquena mine.

All but 2 of the veins discovered are blind, with no geophysical anomaly, nor do they come to surface. They were discovered through drilling at depth for known veins discovered in phase 1 drilling. They are confined to a side to side area of approximately 200 metres and 125 metres of strike. They all remain open along strike in both directions as well as at depth.

Drilling to date suggests a large epithermal vein cluster, phase 3 drilling is being planned to test deeper into the system in an attempt to locate the boiling zone of the various veins found to date.

AGT-07 Hole location details:

Bearing: N 40° E; Dip: -78°; Total Depth:351.50m. Coordinates: N 2’497,290 E 785,922.

Collar elevation: 2,065mosl.

Note: All vein widths cut by drills holes are not true widths, they represent the intersection of the incline hole with the dip of the vein. Advance is in the process to estimate true widths for all the vein intersections.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Now that we have a handle on the size potential, we need to get a better understanding of the system with a view to locating the precious metal horizon. To date, we have hit anomalous to high-grade gold, and there was historical mining of silver by Penoles in the oxide zone of the Tabasquena vein. It is typical for precious metals to base metal zonation in these systems.

“Our exploration team looks forward to phase 3 drilling, our goal will be to test deeper into our cluster of epithermal veins. We are located in a world class region for epithermal vein mines, the cluster we have found holds good potential to reward our efforts.”

Drill core is logged and sampled in a secure core storage facility located near the Tabasquena claims by Ojocaliente, Mexico. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to ALS Chemex in Zacatecas, Mexico, for sample preparation, then sent to ALS Chemex in Vancouver, Canada for assays. ALS Chemex is an accredited mineral analysis laboratory. All samples are analysed for gold using standard fire assay-AA (atomic absorption) techniques. The Company relies on ALS Chemex for QA/QC procedures and protocols for the assaying process.

Dr. Julio Pinto Linares is the qualified person for the Tabasquena project, since June 2018 when drilling began and throughout phase 2. Supervising drilling in the field for drill holes one through seven. He examined and reviewed core boxes in the field, supervised moving core boxes to the secure core storage facility located near the Tabasqueña mine. He was present during logging and sampling of the core, and kept control of all sample bags until delivered to the ALS Chemex Zacatecas, Mexico laboratory. He checked and was present during the QA/QC procedures and protocols during the preparation of the samples.

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., for Advance Gold and 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. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 13.5% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 86.5% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold).

For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

Corporate website: www.advancegold.ca

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