Business
Advanced Gold Exploration Acquires Additional Copper Exploration Claims at its Buck Lake Property
Toronto, Ontario--(Newsfile Corp. - July 11, 2024) - Advanced Gold Exploration Inc. (CSE: AUEX) ("AUEX" or the "Company") has issued the following press release
About this update from Advanced Gold Exploration Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 11, 2024) - Advanced Gold Exploration Inc. (CSE: AUEX) (\"AUEX\" or the \"Company\") has issued the following press release in response to the worldwide interest in copper, a very important metal in EV development and Greenhouse Gas emission reduction. We believe the future of copper lies in projects in friendly jurisdictions - like Ontario and are continuing to develop and expand our very exciting copper project - Buck Lake Property (\"Buck Lake\" or the \"Property\"), see May 8, 2024 Press Release for further details. Highlights: Acquired 81 Claims adjacent to Buck Lake Property. Approximately 1,800 Hectares (Ha) added to bring total area of Buck Lake to 6,150 Ha. New claims host indications of altered volcanic rocks and areas of past drilling where massive sulphides were encountered. Other similar areas with geologic potential are present on the newly acquired claims. Report by Sault Ste Marie OGS Resident Geologist Barun Maity credited with indicating the potential of the areas acquired in the new claims. The Company is pleased to announce the addition of 81 Claim Units (approximately 1,800 Hectares or 2,600 Acres) to its Buck Lake Property in the Batchawana Greenstone Belt (BGB) of Northern Ontario. Buck Lake is a Copper/Zinc Volcanic Massive Sulfide (VMS) - Type of Deposit similar to others in the Abitibi-Wawa Greenstone Belt. The acquisition is in response to a recent Ontario Government report which highlighted the potential of the areas. The report by Sault Ste Marie Resident Geologist Barun Maity titled \"Mineral Prospectivity Mapping in the Batchawana Greenstone belt\" is in the volume \"Recommendations for Exploration 2023-2024\" - Reference (Dorland, G and Dorado-Troughton, M 2024. Resident Geologist Program Site Visits in Ontario Geological Survey, Resident Geologist Program, Recommendations for Exploration 2023-24). The study outlined several areas of highly altered volcanic rocks in the vicinity of the Buck Lake Property. Comparing the alteration patterns in the area where AUEX has discovered known VMS-type mineralization to the alteration patterns outlined by the OGS study pointed to other areas of potential. The additional claims bring the area of opportunity on the Property to over 6,150 Hectares (15,000 Acres) and expands the potential of the Property. Mr. Jim Atkinson...