On October 11, 2024, Advanced Gold Exploration Inc. (the “Company”) settled an aggregate of $144,950 of indebtedness with an arm’s length creditor through the issuance of 2,899,000 common shares at a price of $0.05 per share. The Common Shares issued are subject to a four-month hold period.
The company’s Buck Lake Property, located in Ontario, consists of 180 mining claims covering 3,886 hectares. The property is situated in the Batchawana Greenstone Belt and has favorable geological conditions for Archean volcanogenic massive sulphide deposits, iron deposits, and orogenic gold deposits.
Exploration activities on the property have revealed multiple areas of potential based on the presence of base metal mineralization, including copper and zinc. This exploration has included extensive stripping, channel sampling, and diamond drilling programs, yielding promising results.
The Melba Property, a former gold mine in Ontario, has shown significant gold mineralization in quartz veins. The project has not been fully explored, presenting opportunities for further discovery. The Doyle Property, located in Northern Ontario, has shown gold intersections in quartz veins and pyrite zones, with potential shear zones identified through recent surveys.
Advanced Gold Exploration Inc. focuses on acquiring undervalued gold properties and increasing their value through modern technology. The company’s goal is to bring immediate and long-term value to shareholders and partners by advancing past projects with economic value at current prices.
James Atkinson M.Sc., P. Geo., a Qualified Person, has reviewed the geological information in this release. Forward-looking statements in this news release address the Company’s ability to increase the value of its mineral exploration properties and mitigate exploration risk, with a focus on developing a portfolio of historic gold properties. Readers are cautioned not to place undue reliance on these statements, as actual results may differ due to various factors.
For more information about Advanced Gold Exploration Inc. and their projects, please visit the source version of this press release at https://www.newsfilecorp.com/release/226516.
