Advance Metals announced assay results from its recent rock chip sampling program at the Augustus Project in Arizona, USA.
The initial assays have confirmed high-grade copper mineralisation, with channel samples returning up to 12.8% Cu and grab samples reaching an impressive 20.8% Cu.
The sampling carried out in August, saw 32 out of 34 samples returning grades over 1.0% Cu.
Significant veins, some as thick as 3m, were mapped over a broad area. Copper mineralisation was found in bedrock below alluvium and creek beds.
Non-Executive Chairman Craig Stranger commented on the findings, stating, "The high-grade sampling results returned at the Augustus Project are outstanding. To receive thirty-two of the thirty-four samples with grades over 1.0% Cu and peak grades at 20.8% Cu is a fantastic result."
"The results show the significant potential for an expansive mineralised system at the Augustus Project. We look forward to reporting further results in the coming weeks," Stranger added.
The assays form part of an ongoing exploration effort to advance the company's portfolio.
The company analysed forty-eight elements plus gold, with further updates on gold results to follow.
Advance Metals controls a strong presence in copper exploration, aiming to maximise shareholder value through the acquisition and development of high-quality copper projects.
Advance Metals is a copper-focused exploration company with a portfolio of copper growth projects in mining-friendly jurisdictions of the United States. The company's projects include Augustus Polymetallic, Garnet Skarn Deposit, and Anderson Creek Gold.
At the time of reporting, Advance Metals’ share price was $0.0025.