Kamloops, British Columbia–(Newsfile Corp. – April 7, 2021) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Firm”) is happy to announce that it has commenced a drilling program at its not too long ago acquired Saldivar lithium salar in San Luis Potosi, Mexico. This program will check the close to floor lithium grade distribution of the salar in preparation for bulk sampling.
The purpose of bulk sampling, anticipated to start out inside the subsequent couple months, is to run materials via the pilot plant to check the economics of utilizing small sized fraction mineral separation, magnetic separation and leaching to effectively and affordably recuperate lithium. Within the not too long ago introduced buy settlement, see information launch dated March 2, 2021, the Firm is buying a pilot plant designed and constructed beneath the steering of Dr. Roberto Perez Garibay, an knowledgeable in mineral restoration, and a patented extraction methodology.
The drilling program might be finished on a grid foundation utilizing a 100m line spacing. It’s anticipated that the holes might be drilled right down to 50m. Moreover, one gap will go deeper to check the depth to bedrock which in the mean time is extensive open and has by no means been examined. Historic work on the Saldivar salar has been confined to the primary 5m from floor.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We’re a two-pronged strategy to fulfill our targets. The primary is the close to floor drilling to get a greater understanding of the grade distribution at floor. This may assist us to plan our bulk sampling program to get a deal with on the economics of utilizing small sized fraction mineral separation because the lithium is discovered within the small measurement fractions and non-magnetic materials which makes up round 20% of the fabric within the salars. Utilizing these separation strategies will give us a high-grade focus, Dr. Perez Garibay has beforehand finished lab testing on our materials to point out that after utilizing small sized fraction mineral separation and magnetic separation that the focus can then undergo leaching and produce excessive purity lithium. Our key purpose is to maneuver as rapidly as attainable to start out shifting materials via the check plant we bought, which was designed and constructed beneath the steering of Dr. Perez Garibay. It’s our perception that the salars we’re buying have the sensible potential of turning into close to time period lithium producers and it’s our intention to show that as rapidly as attainable and the work we’re beginning at Saldivar, is designed to fulfill that purpose.”
Julio Pinto Linares is a professional particular person, physician in geological sciences with specialty in financial geology and certified skilled No. 01365 by MMSA for Advance Gold and is the certified particular person as outlined by Nationwide Instrument 43-101 accountable for the accuracy of technical data contained on this information launch.
About Advance Gold Corp.
Advance Gold is a junior exploration firm centered on buying and exploring mineral properties containing treasured metals. The corporate acquired a 100-per-cent curiosity within the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas undertaking, additionally in Zacatecas state, in April, 2018. As well as, Advance Gold holds an 11.45% curiosity in strategic claims within the Liranda Hall in Kenya, East Africa. The remaining 88.55% of the Kakamega undertaking is held by Shanta Gold Restricted (undertaking beforehand owned by Barrick Gold Company, for particulars see Advance Gold Information Launch dated 2020-08-26).
For additional data, please contact:
Allan Barry Laboucan,
President and CEO
Telephone 492-238-5282 (Direct-Mexico Cell)
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