- Advance Gold (AAX) has begun a follow-up drilling program at its wholly owned Tabasquena Project in Zacatecas, Mexico
- It comes after the company intersected 664 grams per tonne of silver over 2.15 metres in drill hole AGT-15
- Two additional holes have been planned for the vein that returned this results, with the first of the two currently underway
- Hole AGT-18 will drill roughly 30 metres below the intersection while hole AGT-19 will drill above the high-grade zone to test for continuity
- Advance Gold (AAX) is currently down 7.69 per cent and is trading at C$0.12 per share
Advance Gold (AAX) has begun a follow-up drilling program at its wholly owned Tabasquena Project in Zacatecas, Mexico.
The program follows the success of drill hole AGT-15, which intersected 664 grams per tonne of silver over 2.15 metres earlier this month. There was reportedly a five-metre gap between this intersection and another vein, which returned 200 grams of silver over 2.23 metres.
This five-metre gap, along with another five-metre length of drill core, has been sent to SGS Minerals in Durango for analysis.
Advance Gold says these veins both continue to surface, providing shallow underground workings in a region that has been actively mined since the 1500s.
The Kamloops-based company now intends to drill another two holes: AGT-18 will drill roughly 30 metres below the high-grade intersect, while AGT-19 will drill above the high-grade zone to test for further continuity. The first of these holes is currently underway.
Allan Barry Laboucan, President and CEO of Advance Gold, said he is excited to resume drilling at the high-grade vein, which sits at the southern end of a continuous 3,500-metre long anomaly.
“Our team believes that these two targets are exceptional and we are eager to get back to drilling the high-grade silver vein and when we receive the additional geophysics, back to our next holes into the sulphide system,” he added.
Allan also noted that the company is currently waiting to receive the results of additional geophysics that were recently completed, which will be used to identify high-priority targets to the northern end of the anomaly.
Advance Gold (AAX) is currently down 7.69 per cent to C$0.12 per share at 3:25pm EDT.