ADVANCE GOLD ACQUIRES 100% INTEREST IN TABASQUENA SILVER MINE IN ZACATECAS, MEXICO

http://www.advancegold.ca/s/NewsReleases.asp?ReportID=802418&_Type=News-Releases&_Title=ADVANCE-GOLD-ACQUIRES-100-INTEREST-IN-TABASQUENA-SILVER-MINE-IN-ZACATECAS-M…

Advance Gold Corp. (TSXV: AAX) (“Advance” or “the Company”) is pleased to announce that, upon regulatory approval, its wholly owned Mexican subsidiary, Advance Gold S.A. de C.V., (“Advance Mexico”) will acquire a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico (the “Mining Concessions”).

Allan Barry Laboucan, President and CEO of Advance said; “We have been able to position ourselves in a silver project that remains open for exploration, in one of the most prolific silver districts worldwide. In fact, we share the same geological structure as several important Mexican mines. Our vending partners, who will become significant shareholders in the company, will retain an NSR and will help us develop the Tabasquena project as they bring local knowledge and experience needed for permitting, community relations and geological understanding. Our vending partners are key to rapidly advancing the Tabasquena project. Our small share float and timing to acquire this silver project with precious metal prices performing well, has us well positioned for growth.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s