Advance Gold - A special kind of company

Some companies are special, Advance Gold is a very junior exploration company focused on Mexico.  They have assembled a highly talented team - the same dudes that were involved with Alset Lithium, so a "quality" company in all departments.

I was blown away by the hugely impressive PR on the Tesbasquena project (link). In the 200 days since the project was acquired, they've been sprinting out of the blocks and collected an almost unbelievable 18 samples. That exploration office mush be a hive of activity, especially now that they'll be drilling a humongous phase 1 drill program (2 holes for 500m) on their FULLY PERMITTED MINE.

We all know, it is important to take baby steps and not rush into things, quality over quantity. Like fine wine, we all know that you can't rush exploration. I mean, look at those amateurs at Silvercrest, rushing around being vampire-like (sampling all veins), drilling and all of that useless crap, I mean where where did it get them (link).

Ohh, but they don't have a FULLY PERMITTED MINE! So screw you Eric..

As Alain Benule Laputain tells us:



Yeah, the deepest samples were the best....bitches, none of that high-grade near surface crap.



Location, hmmm, that number refers to the level and normally uses the elevation (in meters - metric yards for the Yanks) above sea-level, so a bigger number is higher....

So, the half-kilo stuff is at the surface, but the (3) samples from the lowest working, the 2050 and 2059 levels did return some >200 g/t samples, so that's ok, but when you look at the number of samples/level, typically 2-3, you suddenly see that they mine is probably very small (90m vertical extent and probably something similar horizontally), but that doesn't matter as it is FULLY PERMITTED!!!

So all historic exploration has focused on the oxide zone? Just doing a quick literature search found thisI can across this (link)


That is quite a bit of info and 15 holes have been drilled, I would expect that a couple would have explored below the oxide zone, maybe you should ask Peñoles for the drilling data?

I do have to applaud you for supporting local assay labs, trudging those 18 samples the arduous ~130km to the Laboratorio Metalurgico Courtade, in San Luis Potosi, when you could have just dropped them off at either of the two international ISO 9001 certified prep labs that are just 40km away in the city Zacatecas?

Why do things the easy way....

I wait, with baited breath the result from the drilling, 500m will only take 3-4 weeks to complete the assays about the same amount of time, so I'm looking forward to the end of May.

Pulacayo - a good or bad Prophecy

Pulacayo project, hmmm

Propecy Minerals, hmmm, wasn;t that owned by Apogee?

Lets check the Interweb for current news:

• We're going to be at the PDAC (link)
• We remembered where the project is and took some samples (link) - and pretended that we were gonna do some drilling, so here are some old results to give you a stiffy and some geo-pron to wank over (ohhhhhh, dirty rocks, mmmmm - I like the fact they they used a soft focus on a couple of photos to make them took sexier).
• Toll mill PR (link) - I liked the April Fool's joke, and the drunk mill photos

I decided to do a detailed review of the projects to see if there was a fatal flaw, so I started with the front page

no issues here

oh fuck, it is in Bolivia, and this is what Monty Python has to say about that:

I was amazed on how much information Prophecy have on the project. We have:

• Complete drilling data from the underground and surface drill holes
• drill maps and sections
• the resource block model
• underground workings and topo maps

No company every does this, this is the sort of info you get if you sign a confidentiality agreements with them. This means:

1. The project is for sale
2. Massive problem(s)
3. Both

Heck even the company has run off to go and mine coal in Mongolia and far around with the metal of the future Cobalt Vanadium.

Is there any potential to advance or develop the project - No

Can prophecy do anything with the project - No

The basically Prophecy are pimping the project like a (not very good looking) whore in the red light district of Amsterdam.

Paca = left; Pulacayo = right; Chihuahua = shareholder going to be fucked

Maybe Hecla or Coeur will buy it, they like buying 'challenging' projects.