Advanced Gold Copper, Gold, Silver VMS Drilling, Buck Lake, Ontario

Executive Summary

• Advanced Gold announced the start of a follow‑up diamond drill program at its 100 % owned Buck Lake property in Ontario, targeting at least 500 m of drilling.
• The program aims to extend high‑grade copper (and associated silver) mineralization discovered in 2022, which included up to 4.59 % Cu over 3.2 m and silver values as high as 98 g/t.
• Buck Lake sits within a 3,000‑m EM anomaly and VMS‑type geological setting; the new drilling will test depth and continuity of the copper zone and evaluate eight additional prospective areas.

Key Details

• Property Overview: Fully permitted Buck Lake property comprises 180 single‑cell mining claims covering 3,886 ha in Lunkie and Gapp Townships (Batchewana Greenstone Belt).
• Drill Program Scope: Minimum of 500 m of diamond drilling with base‑metal and gold assaying; drill rig already on site and drilling to commence immediately.
• 2022 Drill Highlights (reference):
• Hole BL‑22‑06 – 4.59 % Cu over 3.2 m within an 11.75 m zone grading 1.51 % Cu.
• Holes BL‑22‑14 & BL‑22‑15 – 0.42 % Cu over 4.15 m and 2.38 % Cu over 2.95 m, respectively.
• High‑grade silver up to 98 g/t accompanying copper mineralization.
• Geological Context: VMS‑type massive sulphide system (pyrite, pyrrhotite, chalcopyrite, sphalerite) within mixed felsic/mafic volcanic units; comparable to Kidd Creek and Horne deposits.
• EM Anomaly: 3,000 m long; only ~500 m previously explored.
• Exploration Potential: Eight additional prospective zones identified based on historic/base‑metal mineralization and recent prospecting.
• Assay Reporting: Results from the current drill program will be released upon receipt.
• Qualified Person: James Atkinson, M.Sc., P.Geo., has reviewed and approved the technical information; notes limited verification of historic data.

Notable Quotes

“The 2022 discovery hole of 4.59 % copper over 3.2 m… confirmed the presence of a significant VMS system… The current program is designed to rapidly expand the depth and continuity of this high‑grade copper zone and demonstrate the scale potential that Buck Lake clearly possesses.” – Arndt Roehlig, President & CEO, Advanced Gold Exploration.