Advanced Gold Exploration Reports on Visible Gold Discovery at Doyle Property - Nov 11, 2024
Advanced Gold Exploration Reports on Visible Gold discovery at Doyle Property
Toronto, Ontario--(November 11, 2024) - Advanced Gold Exploration Inc (CSE: AUEX)
(the " Company") is pleased to announce the discovery of visible gold during surface
prospecting at our Doyle Property in the Batchawana Greenstone Belt (BGB).
Highlights
• Our recent prospecting program has identified Visible Gold on surface at the Doyle
Property.
• Assays from samples in the area returned, 13.2 g/t, and 9.82 g/t gold.
• The appears to be the surface expression of a drill hole completed in 1994 which
also had visible gold and returned assays of 49.8 g/t at a depth of 80 meters.
• Visible gold has not been previously reported on the surface at the Doyle Property.
• The discovery is the result of diligent examination of the area by our contractor
Superior Exploration.
The Company is pleased to report that exploration work by Superior Exploration of Sault
Ste Marie on the Doyle Gold Project in October has resulted in the discovery of visible
gold on surface. The area which was examined was chosen due to its proximity to an
earlier drill hole with an intersection of 49.8 g/t. The gold appears to be related to intense
quartz veining and silicification. A Petrographic study has been undertaken to attempt to
determine the distribution of gold and better define the alteration in the area.
Examination of a LiDAR survey undertaken by the Company in 2022 appears to indicate
that the gold is associated with a northeasterly trending linear feature. It is thought by the
Company's geological staff that this feature may represent an extensional structure off of
the main NNW trending shear – a favorable local to host gold mineralization.
Mr. Jim Atkinson, CEO of the Company commented “This new discovery of visible gold
on surface at Doyle has excited our staff. The interpretated relationship of this visible gold
to features indicated by the LiDAR has indicated that this might be a NE trending
extensional structure. If further work in the area proves this to be the case this opens a
whole new area to exploration because all past work has focused on structures trending
NNW and may not have adequately explored shears and faults in other directions.
He comments further “We are very pleased with the prospecting, geological mapping
and sampling work carried out by Superior Exploration and reiterate the importance of
“Boots on the Ground” in mineral exploration. We are preparing plans for more detailed
prospecting and sampling in the spring not only in this newly identified area. This
discovery has prompted us to reexamine LiDAR and airborne geophysical coverage
across the Property to identify other potential extensional structures”
It should be noted on Figure 2 below that there are trenches which have been completed
in the area but they don’t seem to have intersected the area with visible gold. Figure 2
shows the location of the actual high grade gold samples and the visible Gold.
Figure 1: Location of Recent Sampling in Relation to Past Drilling and Trenching, Note, drillholes
94-20 and 94-25 intersected quartz veins which were not sampled.
Figure 2: Location of Rock Samples from Recent Prospecting with Gold Assays Showing
Interpreted shear Zones.
About Doyle
The Doyle Property is located approximately 92 kilometers southeast of Wawa, Ontario
and approximately 65 km northeast of Sault Ste Marie within the Batchewana Volcanic
Belt of the Abitibi Province. The property consists of a total of 79 unpatented mining claim
cells and covers an area of approximately 1,730 hectares.
The structural and geological architecture of the Batchawana Greenstone belt is
conducive to a variety of gold depositional environments similar in nature and significance
to other gold bearing deposits in Archean- aged greenstone belts hosted within the
Superior Province. Noteworthy, these typically fall into the category of “orogenic gold
deposit” types in brittle-ductile structurally related regimes like the Timmins Gold Camp,
the Hemlo Gold Deposits, and the gold deposits of the Doyon-Bousquet Camp in Quebec.
Orogenic gold deposit types would be the focus of future exploration activities on the
Doyle Property.
Figure 3: location of Doyle Property in the Batchewana Greenstone Belt.
The Doyle Property lies within the Batchawana Greenstone Belt of the Wawa- Abitibi
Terrane. The eastern extension of the Wawa Subprovince has had a long gold mining
history dating back to 1897. Gold mining in the area has prospered and receded in the
20th century however this part of the Wawa Subprovince has total historic production of
over 3,000,0000 ounces. Current and near future producers of the Wawa Subprovince
include:
1) Wesdome Gold Mines Eagle River Complex;
2) Alamos Gold Island Mine; and
3) Argonaut Gold Magino Deposit.
All of the above historical gold mines and current to near future producers are considered
orogenic gold deposits of Archean-aged greenstone belts and environments.
Three styles of orogenic gold mineralization occur on the Doyle Property. These are, but
not limited to:
1) Gold-enriched semi-massive to massive sulphide horizons in a felsic tuff
volcanic pile
2) Lode gold auriferous quartz veins, and
3) Disseminated gold in silicified and pyritized shear zones.
Figure 4: Plan Showing Doyle Property Claim Information. Note: Overlain on geology by
Grunsky (1996). Gold and base metal occurences shown as numbers.
The most significant and recent exploration on the Doyle Property was carried out by Tri-
Origin Exploration which included drilling programs from 1990 - 1995. These programs
are deemed significant, and their geological observations support deposit model ty pes
being sought. The Focus of the Tri-Origin work was on a model of similarity of the Doyle
property geology and mineralization to the 20,000,0000-ounce Hemlo deposit. Tri-Origin
completed geological, geophysical, and geochemical programs and drilled a t otal of 37
drill holes for 8,053 m. Anomalous gold values were intersected in numerous drill holes
and visible gold was observed in two holes. Drill hole T94- 22 intersected 49.58 g/t gold
over one meter and drill hole T95-34 intersected 17.49 g/t gold over one meter.
Recent exploration by the Company has included airborne magnetic and VLF EM
surveys, a LiDAR survey and trench sampling.
The airborne geophysics was very helpful, in association with geological mapping by
TriOrigin, in defining the main trends and structures on the property . Throughgoing g
structures have been identified as being present trending in a northwest to northerly
direction. Parallel VLH Em trends underlie some of the gold occurrences especially
where gold is associated with sulphides.
Further details of the Doyle Property will be available in the Technical Report on Sedar
and the Company’s website www.advancedgoldexploraiton.com.
QUALIFIED PERSON
James Atkinson M.Sc., P. Geo., a Qualified Person (“ QP”) as such term is defined in NI
43-101, has reviewed and approved the geological information reported in this news
release. The Qualified Person supervised the work completed by the Company but 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 others.
The Qualified Person assumes that past 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.
ABOUT ADVANCED GOLD EXPLORATION INC.
Advanced Gold Exploration (Formerly Advance United Holdings Inc.) is a Canadian
mineral exploration company. We’ve acquired a portfolio of undervalued gold and copper
properties and are increasing their value through the application of modern technology ,
new ideas and systematic exploration. We have a growing pipeline of similar properties
that we are looking to acquire. 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 . We believe we can
enhance their economic value at today’s prices. We fund the 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 reduce exploration risk, so that we can all advance in the shortest possible
time frame.
For additional information about us, our projects, or to find out how we can assist in the
advancement of your project contact our CEO.
Contact Information
James Atkinson, M.Sc., P. Geo.,
CEO Advanced Gold Exploration Inc.
Email: [email protected]
Tel: (647) 278-7502
Forward-Looking Information and Cautionary Statements
This news release contains certain "forward- looking information" within the meaning of
applicable securities law. Forward looking information is frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "esti mate",
"may", "will", "would", "potential", "proposed" and other similar words, or statements that
certain events or conditions "may" or "will" occur. These statements are only predictions.
Forward-looking information is based on the opinions and estimates of management at
the date the information is provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ materially from those
projected in the forward- looking information. For a description of the risks and
uncertainties facing the Company and its business and affairs, readers should refer to the
Company’s Management’s Discussion and Analysis. The Company undertakes no
obligation to update forward- looking information if circumstanc es or management's
estimates or opinions should change, unless required by law. The reader is cautioned not
to place undue reliance on forward-looking information.