Advanced Gold Exploration (CSE: AUEX)(OTC: AUHIF) (FSE: 4TG), a Canadian mineral exploration company, has expanded its Buck Lake Property. According to the announcement, the company has added 81 claim units (the equivalent of an estimated 1,800 hectares or 2,600 acres) to the property, bringing the total area of the Buck Lake property to 6,150 hectares. The company noted that the new claims show indications of altered volcanic rocks and include areas of past drilling where massive sulphides were encountered; in addition, other similar areas with geologic potential are present on the newly acquired claims. A copper/zinc volcanic massive sulfide (”VMS”) type of deposit similar to others in the area, the Buck Lake Property is located in the Batchawana Greenstone Belt of northern Ontario. The addition to the Buck Lake property comes in response to a recent Ontario government report that discussed the potential of the area. Written by Sault Ste Marie resident geologist Barun Maity, the report summarized mineral prospectivity mapping in the Batchawana Greenstone Belt and outlined several areas of highly altered volcanic rocks in the vicinity of the Buck Lake Property. “We are grateful for the effort by Barun, using the publicly available OGS database of rock samples to evaluate the lithogeochemical characteristics of samples collected by OGS geologists in the Buck Lake area,” said Advanced Gold Exploration CEO Jim Atkinson in the press release. “The work by Barun pointed to several areas of anomalous values and shows the critical part that the OGS resident program can play in mineral exploration in Ontario. As part of our focus on VMS deposits of copper and zinc at Buck Lake, we quickly staked the areas indicated as having potential. We are excited about the new areas and the Buck Lake project overall and will expand our upcoming exploration program to include these new claims. We intend to further the identification of altered volcanic rocks using similar lithogeochemical and statistical methodology.”
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About Advanced Gold Exploration Inc.
Advanced Gold Exploration is a Canadian mineral exploration company. The company has 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. Advanced Gold Exploration has a growing pipeline of similar properties that it is looking to acquire. The company is involved exclusively in the acquisition and advancement of past projects, with no intent to bring the properties back into production or to mine them. The company’s expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time. Advanced Gold believes it can enhance the economic value of these properties at today’s prices. The company funds the reworking historic data and applying modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing the current value. The company’s purpose is to bring immediate and long-term value to its partners and shareholders while seeking to reduce exploration risk. For more information, visit the company’s website at www.AdvancedGoldExploration.com.
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