Advance Gold to Drill Below High-Grade Gold Vein with 1.70M of 9.46 G/T Au At Tabasquena, Mexico
January 11, 2021 at 12:22 pm EST
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Advance Gold Corp. provided an update on ongoing drilling at its 100% owned Tabasquena project in Zacatecas, Mexico. At the company's property it is investigating a 3500m long continuous high chargeability Induced Polarization (IP) anomaly. Additionally, within a 2000m long by 400m wide corridor, where a swarm of epithermal veins has been discovered, the follow-up drilling starting January 11, 2021 will test below one or more of these veins where high-grade gold was previously intersected. Regionally the Tabasqueña project is located in the heart of the world's most prolific silver belt which extends for hundreds of kilometres. It begins in the famous silver district of Pachuca, continues NW through Guanajuato, then through Real de Ángeles, Asientos, El Coronel, Milagros, Zacatecas, Fresnillo, Sombrerete, San Martín and continues to the NW through the states of Durango and Chihuahua. Within close proximity of Tabasquena, 25% of the silver ever produced in Mexico, and around 10% of all silver ever produced worldwide, has been mined since the 16th century. Locally, the Tabasqueña veins are hosted in the rocks of the Chilitos Formation, which is part of a volcanic sedimentary sequence Cretaceous aged, made up of andesites interbedded with horizons of greywacke, shales and limestone lenses, which are the same host rocks of the economic mineralization in Guanajuato, El Coronel, Zacatecas and Fresnillo among other famous world class silver deposits in central Mexico.
Advance Lithium Corp. is a Canada-based junior exploration company. The Company is focused on acquisition and exploration of mineral properties, which contain precious metals, battery metals and fertilizer minerals. It is engaged in the exploration and evaluation of mineral property interests. Company has 13 lithium-potassium-boron salary and a research and development (R&D) lab in central Mexico. Its Advance Lithium Salars include La Doncella, Maxy, Hernandez, El Cristalillo, Las Casas, Salitral, Saldivar, Agrito, La Prieta, Chapala, El Perdido, El Barril and Colorada. The Company holds 100 % interest in the Tabasquena silver mine, which is located in Zacatecas, Mexico and Venaditas project, which is located in Zacatecas state. It also holds 100 % interest in the Sarape epithermal gold project in Mexico. Sarape epithermal gold project is 57 square kilometers. Its Bathurst mining camp project has a land package of 170 square kilometers.