Advance United Announces Identification of New Targets Resulting from Recent Interpretation and Compilation of Regional and Local Geophysical Surveys at its Paint Lake Road Joint Venture
Advance United Announces Identification of
New Targets Resulting from Recent
Interpretation and Compilation of Regional and
Local Geophysical Surveys at its Paint Lake
Road Joint Venture
Highlights
Work by Bold Ventures Inc. on their adjacent property to the north of the Paint Lake Road Joint
Venture Property (PLR JV) indicates prospective targets related to the extension of anomalies into
the PLR JV property
Recently interpreted Northwest trending magnetic low anomaly combined with the PLR JV property
database has more accurately positioned the location of prospective gold targets for ground follow
up work.
A proposed prospecting and mapping campaign is planned to explore these areas in the summer
of 2023.
Toronto, Ontario--(Newsfile Corp. - May 24, 2023) - Advance United Holdings Inc. (CSE: AUHI)
(OTCQB: AUHIF) (FSE: 9I0) (the "Company" or "Advance United") is pleased to announce that recent
published work by Bold Ventures Inc. (
read the full press release 2023 here)
on their property adjacent to
the Paint Lake Road Joint Venture ("PLR JV") property has been incorporated with past work filed in the
Ontario Government Assessment Database and has identified a strong northwest-southeast trending
structure which crosses the PLR JV property.
The structure is typified on the Bold Ventures Property Airborne Magnetic Survey as an easily
recognized magnetic low which appears to displace known EM anomalies and stratigraphy. AUHI Staff
used the results from this survey to project features of interest onto the PLR JV ground.
These include not
only the magnetic break described above but also strong airborne VTEM anomalies. Further
examination of past geophysical work identified the same magnetic low crossing ground to the
southeast of the PLR JV property.
The Paint Lake Road Joint Venture press release dated November 23, 2022
described ground VLF EM
anomalies which appear to align with a number of these VTEM anomalies (
read the full press release
here
).
In discussing VTEM anomalies within the magnetic low feature Bold consulting Geophysicist Scott Hogg
states, "
The weak magnetic lineaments that bound the (VTEM) conductor to the SW and NE are
evident in the profile presentation. This is the only anomaly identified that presents a weak linear
conductor, in a magnetic low bounded by parallel weakly magnetic linears; a combination considered
favorable for gold association
." The interpreted results are shown here in Map 1.
Map 1: Aeromagnetic results of Bold Ventures VTEM Survey with interpretation by Mr. Scott Hogg (Bold
Website 2023). Note magnetic low feature (Shear zone?) trending NW-SE across the survey
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8072/167190_41f79853a4f55a45_001full.jpg
The magnetic break on the PLR JV property to be associated with displaced Magnetic highs and with
topographic features which align with the structure. It appears that the shear zone has over 1 kilometer of
strike length on the PLR JV Property.
The strike of the shear zone appears to align with the location of
the Mishi Pit of Wesdome approximately 5 km to the southeast.
The location of the projected magnetic feature and the extension of VTEM ad magnetic anomalies is
shown on Map 2.
Map 2: Location of projected shear zone on PLR JV Property. Note the location of a magnetic feature in
the southwestern part of the property which appears to be the extension of a magnetic high onto the PLR
JV property.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8072/167190_41f79853a4f55a45_003full.jpg
A program of prospecting, sampling, ground geophysics and geological mapping followed up by drilling
as indicated has been prepared for the 2023 summer season and is set to begin as soon as logistics
can be arranged.
About the Paint Lake Road JV
The project is a 50/50 Joint Venture with Frontline Gold Corporation (TSXV: FGC) and Advance United
Holdings Inc. subsidiary Talisker Gold is the operator.
The PLR JV property is located in the Wawa area approximately 5 kilometers from the Mishi Open Pit of
Wesdome Mining.
The property is a 50/50 joint Venture between AUHI and Frontline Gold Corp. The
property comprises 65 claims (1460 Ha) situated along the Northeasterly trending Pukaskwa/ Iron Lake
Shear Zone.
The claims are reported to be underlain by granitic rocks but the presence of airborne
magnetic anomalies and the cross-cutting shear zone suggest complications.
More information on the
geology and targets on the PLR JV property can be found in the Press Release dated 11-22-2023.
"We are pleased to report new targets on the PLR JV property as a result of these regional
interpretations. Often these regional structures can act as a control on gold mineralization and provide
additional support for our drill target generation," states Mr. Jim Atkinson, P.Geo. and CEO of Advance
United.
About Advance United Holdings
Advance United brings an entirely different approach to the mining industry. We don't mine. Rather,
we've acquired a portfolio of undervalued gold properties and are increasing their value through the
application of modern technology. We have a growing pipeline of similar properties that we are looking
to acquire. And now we've launched the Au Marketplace. A first of its kind digital platform that connects
owners of mineral commodities and deposits with developers and producers. We are involved
exclusively in the acquisition and advancement of past projects - with no intent to bring them back into
production or to mine them ourselves. Our expertise is in identifying and acquiring undervalued
properties with significant historical work, which were uneconomic at the time, but we believe have
economic value at today's prices. We fund the development of re-working historic data and applying
modern technology to underwrite new qualified reports, document quantifiable resources and reserves to
current standards, thereby recognizing the current value. Our purpose is to bring immediate and long-
term value to our partners and shareholders while seeking to eliminate exploration risk, so that we can all
advance united in the shortest possible time frame. For additional information about us, our projects, or
to find out how you can list your project in the Au Marketplace, visit
www.advanceunited.ca
.
About Frontline Gold Corporation
Frontline is a Canadian junior mineral exploration company. The Company's core properties include the
Crooked Pine Gold Project (Ontario), Copperlode Project (Ontario), the Flint Lake and Kakagi Lake
Gold Project (Ontario), and the Route 109 Gold Project and the NE Bachelor Lake Gold Project which
are both in the Abitibi Region of Quebec, and the Menderes gold project in the Izmir province of Western
Turkey. Other Canadian exploration properties include other gold property groups in Ontario and include
the Whitehorse Island Mining Patents.
Frontline continues to actively seek projects, and additional investor/partner(s) in order to continue to
build upon its properties and net smelter return royalties
Further information about the Company is available on the Company's website,
www.frontlinegold.com
,
or our social media sites here: Facebook:
https://www.facebook.com/Frontline Gold Corp./
Twitter:
https://twitter.com/frontlinegold
Linkedin:
https://www.linkedin.com/company/frontline-gold-corp-fgc-
.
Contact Information James Atkinson, P. Geo., CEO Email:
Tel: (647)
278-7502
Qualified Person
James Atkinson M.Sc., P. Geo., a Qualified Person ("QP") as such term is defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the
geological information reported in this news release. The Qualified Person has not completed sufficient
work to verify all historic information on the Property, particularly with regards to historical sampling, drill
results, and technical work provided by Noranda and others. The Qualified Person assumes that
sampling and analytical results were completed to industry standard practices. The information provides
an indication of the exploration potential of the Property but may not be representative of expected
results. Forward-Looking Information and Cautionary Statements This news release may contain
"forward-looking information" within the meaning of applicable securities laws relating to the trading of
the Company's securities and the focus of the Company's business. Any such forward-looking
statements may be identified by words such as "expects", "anticipates", "intends", "contemplates",
"believes", "projects", "plans" and similar expressions. Forward-looking statements in this news release
include statements regarding the Company's ability to increase the value of its current and future mineral
exploration properties and, in connection therewith, any long-term shareholder value, the Company's
ability to mitigate or eliminate exploration risk, and the Company's intention to develop a portfolio of
historic gold properties. Readers are cautioned not to place undue reliance on forward-looking
statements. These statements should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties, and other factors that may cause actual
results, performance, or achievements to be materially different from those implied by such statements.
Although such statements are based on management's reasonable assumptions, there can be no
assurance that the Company will continue its business as described above. Readers are encouraged to
refer to the Company's annual and quarterly management's discussion and analysis and other periodic
filings made by the Company with the Canadian securities regulatory authorities under the Company's
profile on SEDAR at
www.sedar.com
. The Company assumes no responsibility to update or revise
forward-looking information to reflect new events or circumstances or actual results unless required by
applicable law
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/167190