- Advance Gold (AAX) announced the company has received results from the first four core holes drilled at its Saldivar Salar in central Mexico
- The salar is one of 13 in central Mexico recently acquired by the mineral exploration company
- The drilling establishes the Saldivar salar as a bulk tonnage, open pit target results from the first four holes showed high grades of lithium, potassium and boron
- Advance Gold is unchanged, trading at C$0.08 per share
Advance Gold (AAX) announced the company has received results from the first four core holes drilled at its Saldivar Salar in central Mexico.
The salar is one of 13 in central Mexico recently acquired by the British-Columbia-based mineral exploration company.
Drill core is logged and sampled in a secure core storage facility located near the Saldivar salar. Core samples were delivered for sample preparation, then concentrates sent to Vancouver for assaying.
Results from the first four holes showed high grades of lithium, potassium and boron.
“We have recently completed seven core holes at Saldivar with four reported today, and three more pending. The first two holes went to bedrock at 84m and 77m. These two deeper holes were designed to test the depth to bedrock. With the five auger holes and now four core holes we have established widespread lithium, boron and potassium distribution starting at the surface and continuous to bedrock. These early assay results appear to indicate that the Lithium content increases with depth and increases as we move towards the centre of the salar. The surface expression of the Saldivar salar is approximately 2000 metres north to south and 800 metres east to west with a depth of 80 metres. The drilling clearly establishes the Saldivar salar as a bulk tonnage, open pit target. We are also working to optimize our recovery process to prepare our test plant for bulk sampling,” said Advance Gold President and CEO Allan Barry Laboucan.
Advance Gold is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018. In addition, Advance Gold holds an 11.45 per cent interest in strategic claims in the Liranda Corridor in Kenya, East Africa.
Advance Gold is unchanged, trading at C$0.08 per share.
