Advanced Gold reviews drilling at Buck Lake

Executive Summary

• Advanced Gold Exploration Inc. provided an update on its winter drill program at the 100%-owned Buck Lake property in Ontario, confirming VMS-style mineralization in three new drill holes (BL-25-01, BL-25-02, BL-25-03) before pausing for the winter break.
• The company plans to conduct an airborne geophysical survey (VTEM) in early 2026 to better test the volcanic stratigraphy and detect anomalous zones, addressing orientation issues from past surveys.
• Assay results from 163 core samples are pending, with the company noting increased regional exploration activity and historical high-grade copper and zinc occurrences on the property.

Key Details

• Drill Program Status: The diamond drill program is currently stopped for winter break; operations are expected to resume in the new year.
• Drill Hole BL-25-01:
  • Depth: 232 metres.
  • Orientation: 290-degree azimuth, negative-55-degree dip.
  • Intersection: VMS-type mineralization from 93.8 to 110.50 metres depth.
• Drill Hole BL-25-02:
  • Depth: 117 metres.
  • Orientation: 260-degree azimuth, negative-55-degree dip.
  • Intersection: VMS-type mineralization from 36.10 to 42.00 metres depth.
• Drill Hole BL-25-03:
  • Depth: 113 metres.
  • Orientation: 260-degree azimuth, negative-65-degree dip.
  • Intersection: VMS-type mineralization from 33.40 to 43.90 metres depth.
• Geological Observations:
  • Intersections confirm VMS-style mineralization along the targeted stratigraphic horizon.
  • Stratigraphy dominated by fine-grained sedimentary rocks with intercalated felsic and mafic flow and tuffaceous volcanic rocks.
  • Sulfide minerals include massive and stringer pyrite, pyrrhotite, and chalcopyrite within VMS-style cherty iron formation units.
  • Quartz vein zones intersected in all three holes with ankerite, sericite, hematite, and chlorite alteration.
  • Trace to 2% secondary pyrite-pyrrhotite mineralization associated with some quartz veining.
• Sampling and QA/QC:
  • 163 core samples totaling 187.78 metres from the three holes have been marked for laboratory analysis.
  • Certified reference materials inserted as part of the QA/QC protocol.
• Historical Context (2022 Drilling):
  • Objective was to test extensions of high-grade copper mineralization discovered in 2022.
  • 2022 results included high-grade silver (up to 98 g/t) accompanying higher-grade copper.
  • Copper and/or zinc mineralization intersected in 13 of 15 holes in 2022, generally in zones 3-4 metres thick.
  • 2022 program outlined a massive sulphide zone of VMS type in a mixed sequence of volcanic units.
  • Sulphide zones are dominantly pyrite and pyrrhotite with chalcopyrite and sphalerite, rarely galena.
• Future Plans:
  • Airborne geophysical survey planned for early 2026.
  • Proposal from Geotech for a VTEM survey is under review.
  • Survey aims to cover prospective areas with electromagnetic and magnetic surveys to test volcanic stratigraphy.
  • Past surveys by the Ontario government were noted as having incorrect orientation, hampering interpretation.
• Property Potential:
  • Buck Lake property hosts an additional eight known mineralized occurrences.
  • Historical work reported 17% zinc in the Wolverine zone.
  • Geological environment is typical of VMS deposits such as Kidd Creek and Horne.
  • Assay results will be announced upon receipt.

Notable Quotes

• "We are pleased with the drilling thus far even in winter conditions, we shut down for Christmas break and eagerly await assay results and look forward to resuming in the new year. We have seen increased exploration activity in the region following successes by several nearby explorers and royalty companies (Sterling Metals Corp., QXC Gold Corp., EMX Royalty) and we are encouraged by our own early visual results at Buck Lake," states Arndt Roehlig, president and chief executive officer.