Advance Gold Corp. (TSXV: AAX) ("Advance Gold" or "the Company") is pleased to announce that Brad Newell, well-known Vancouver area businessman has joined the board of directors. In addition, the Company provides an update on drilling at its Tabasquena Silver Mine, located just outside of Ojocaliente, Zacatecas, Mexico. Previously, the Company announced it was going to drill two holes. The program has now been expanded to four holes and should be completed by the end of this week.
Brad Newell leads his family owned private businesses that include a leading retail flooring company serving the Vancouver region and a popular golf course. In addition to his business interests, he is also an active philanthropist.
Once drilling is completed on the fourth and final hole of phase 1 drilling, Advance will provide details of holes AGT2-4, hole AGT-01 was previously detailed in the May 17, 2018 news release. Those details will include drill hole cross sections, drill plan map and pictures of the entire drill hole intersections.
Assay results from phase 1 drilling should be finished within a few weeks of the end of drilling, and the Company anticipates announcing them all in one batch.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: " Our first phase of drilling at Tabasquena has been a success and we look forward to more news which will lead us into phase 2 drilling. We are building potential nicely for Advance to become a significant player in the Mexican silver exploration scene."
“Going forward we should have strong news flow as we look forward to marketing initiatives to grow our audience."
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 a "shadows of a headframe" project, adjacent to Teck's San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of 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
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements 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 events 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 of future performance and actual results may differ materially from those in forward based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update 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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.