- Advance Gold (AAX) has unveiled more high-grade silver assays intersected at its Tabasquena project in Mexico
- Notably, the company intersected 240 grams per tonne silver over 2.30 metres in hole 18 of the campaign and a whopping 383 grams per tonne silver over 0.80 metres in hole 19
- The ongoing drill program at the company’s flagship property is investigating a 3500-metre high-chargeability induced polarization anomaly
- Following up on the results, the company’s next focus will be to drill significantly deeper to test this depth potential, which is expected to begin shortly
Advance Gold (AAX) has unveiled more high-grade silver assays intersected at its Tabasquena project in Mexico.
Notably, the company intersected 240 grams per tonne silver over 2.30 metres in hole 18 of the campaign and a whopping 383 grams per tonne silver over 0.80 metres in hole 19.
The ongoing drill program at the company’s flagship property is investigating a previously noted high chargeability induced polarization anomaly, which stretches continuously from around 3500 metres.
Allan Barry Laboucan, President and CEO of Advance Gold, said the Three holes were completed near hole AGT-15, which previously reported 2.15 metres at 664 grams per tonne silver.
“The most recent holes in the southern domain of the claims appear to extend the mineralization in veins to over 1000 metres,” he added.
Meanwhile, at the nearby MAG Silver mine, Allan said the highest grades were intersected several hundred metres deeper than where we have drilled the veins at Tabasquena.
Following up on the results, the company’s next focus will be to drill significantly deeper to test this depth potential, which is expected to begin shortly.
The company first acquired the property back in 2019 and has been actively developing the site ever since. In the intervening years, Advance Gold has added the Venaditas project, also in Zacatecas state, to its portfolio, as well as minority stake in the Kakamega project in Kenya, which is majority held by Shanta Gold.
The news caps a difficult year’s trading for the venture miner, which began with a shock 50 per cent drop in January, following some worse-than-expected initial results from the project.
Currently, Advance Gold is trading in the grey at 12 cents per share at 2:32pm EST.