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Advance Gold Corp (2)
Symbol AAX
Shares Issued 14,656,338
Close 2018-04-05 C$ 0.10
Market Cap C$ 1,465,634
Recent Sedar Documents

ORIGINAL: Advance Gold samples 656 g/t Ag at Tabasquena

2018-04-10 17:47 ET - News Release

Received by email:

File: NRAPR10.docx

/

April 10, 2018 TSX-V: AAX

Advance Gold Recovers High-Grade Silver from Underground Sampling And Starts Drilling at Tabasquena Silver Mine In Ojo
--->caliente, Mexico

Vancouver, British Columbia: Advance Gold Corp. (TSXV: AAX) ("Advance" or "the Company") is pleased to announce promis
--->ing underground sampling results from its Tabasquena Silver Mine, in Ojocaliente, Mexico. Follow up drilling is now un
--->derway, with a first phase, which will be 500 metres of core drilling on two holes of 250 metres each. The goal of the
---> drilling will be to get approximately 100 metres below the oxide zone, of the main Tabasquena vein and into the La Ni
--->na vein beside it, well into the sulphide zone of these two epithermal veins.

Highlights of Underground Sampling

18 underground samples taken at various depths from underground workings
Highest grades came from the deeper samples
Encouraging grades of up to 362 g/t silver near surface
In deepest 5 samples, two are well over a half kilogram per tonne silver
Two highest grade samples, are 642 g/t and 656 g/t silver
Drilling underway

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: "It is evident from our underground sampling,
---> that we are hitting the ground running at our Tabasquena silver mine. Which is a 'shadows of a headframe' project loc
--->ated near the Milagros mine headframe 6.5 kms away. Using the old underground workings at Tabasquena, we were able to 
--->get in to take samples from various different levels in the oxidized zone . Highlights include that, even in the oxide
---> zone of the Tabasquena epithermal vein, we are seeing solid grades. This is not a surprise, as the historical mining 
--->by Penoles was confined to the oxide zone. One of the main goals of the sampling was to get deeper into the oxide zone
---> and into the transition and sulphide zones. It is from those deeper samples we recovered the highest grades, with two
---> samples of well over a half kilogram per tonne of silver. Our team is thrilled with these results and are happy to be
--->gin drilling into the sulphide zone of the Tabasquena and La Nina epithermal veins. There has been no historical minin
--->g or drilling into the sulphide zones of these veins."

Phase One Drilling

Two holes are planned, each of 250 metres, using a core drilling rig. The holes will be angled holes, with a goal to i
--->ntersect the veins well into the sulphide zone.

Historical work completed by Penoles, included an IP survey and underground mining. Although this information is histo
--->rical in nature on, it will be used by the company for drill hole selection. Along with the assistance of results from
---> recent underground sampling.

The past underground mining will be of particular assistance as it maps out a good portion of Tabasquena vein, in the 
--->oxide zone. One of the two drill holes will be drilled below into the sulphide zones of the epithermal vein.

Beside the Tabasquena vein is the La Nina vein where much less historical work has been done. The historical IP survey
---> seems to pick up both veins and will be used to help in selecting drill hole locations.

Surface sampling at La Nina will also be completed prior to drilling to further assist in drill hole orientation.

Underground Sampling Details

A total of 18 samples were taken, from various levels, in the table below you will find the grades for gold, silver, l
--->ead and zinc.

Table of Results

Location
 Sample No.
 

 Au gr/tonne
 Ag 
gr/tonne
 Pb
%
 Zn
%
 
 2050 Level
 6601
 1.50
 0.08
 201
 0.23
 0.33
 
 2059 Level
 6602
 2.70
 0.12
 362
 0.16
 0.38
 
 2059 Level
 6603
 2.00
 0.32
 214
 0.95
 1.15
 
 2082 Level
 6604
 5.00
 0.14
 78
 0.15
 0.05
 
 2076 Level
 6605
 3.00
 0.12
 158
 0.15
 0.53
 
 2082 Level
 6606
 2.00
 0.06
 252
 0.07
 0.06
 
 2087 Level
 6607
 2.50
 0.32
 89
 0.05
 0.10
 
 2087 Level
 6608
 1.80
 0.05
 19
 0.19
 0.16
 
 2087 Level
 6609
 2.00
 0.03
 91
 0.05
 0.03
 
 2090 Level
 6610
 2.10
 0.07
 268
 0.07
 0.10
 
 2102 Level
 6611
 1.90
 0.05
 67
 0.04
 0.07
 
 2114 Level
 6612
 1.80
 0.03
 31
 0.06
 0.12
 
 2114 Level
 6613
 1.70
 0.04
 19
 0.02
 0.14
 
 2119 Level
 6614
 1.70
 0.05
 642
 0.05
 0.10
 
 2119 Level
 6615
 2.00
 0.04
 142
 0.21
 0.12
 
 2130 Level
 6616
 1.50
 0.06
 656
 0.10
 0.38
 
 2130 Level
 6617
 1.50
 0.04
 243
 0.11
 0.34
 
 2140 Level
 6618
 1.80
 0.05
 326
 0.09
 0.15
 
 
Channel samples were taken perpendicular to the vein strike, samples of  2 kg where recovered and secured in sample ba
--->gs under the supervision of the qualified person for the program. Samples were delivered to Laboratorio Metalurgico Co
--->urtade, in San Luis Potosi, Mexico by the qualified person. Samples were assayed using fire assay for gold and silver,
---> and atomic absorption for lead and zinc.

Julio Pinto Linares, PGeo, is the qualified person responsible for this release and has prepared, supervised and appro
--->ved the preparation of the scientific and technical disclosure contained within the release.

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties contai
--->ning precious metals. The Company has acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2
--->017. 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 work
--->ings, plus it is a fully permitted mine. 

In addition, Advance Gold holds a 13.5% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. Th
--->e 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

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statemen
--->ts are statements that are not historical facts and are generally, but not always, identified by the words "expects", 
--->"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that e
--->vents or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations 
--->expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees o
--->f future performance and actual results may differ materially from those in forward based on the beliefs, estimates an
--->d opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to up
--->date these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors 
--->should change, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this news release.




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