Last C$0.03 CAD
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As of 2:33 PM 05/21/13 All times are local (Market data is delayed by at least 15 minutes).

advance gold corp (AAX) Snapshot

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Previous Close
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Day High
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Day Low
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52 Week High
01/7/13 - C$0.06
52 Week Low
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Market Cap
1.1M
Average Volume 10 Days
11.5K
EPS TTM
C$-0.03
Shares Outstanding
37.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ADVANCE GOLD CORP (AAX)

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advance gold corp (AAX) Details

Advance Gold Corp., an exploration stage company, engages in the evaluation and exploration of mineral properties in Tanzania and Kenya of Africa. The company holds approximately 2037 square kilometers of permits in Kenya, including a 100% interest in Bukura and Sigalagala Gold Properties, which have a combined size of 48 square kilometers, and 100% interest in Rosterman Gold Mine, as well as has an agreement to earn a 70% interest in the Ngira Migori gold project that covers approximately 320 square kilometers located in the Migori Archean greenstone belt in southern Kenya. It also has an agreement to earn a 100% interest in the Nyakagwe Gold Project, which includes 46 primary mining licenses located in Tanzania. The company was formerly known as Africa West Minerals Corp. and changed its name to Advance Gold Corp. in May 2010. Advance Gold Corp. was incorporated in 2004 and is based in Kamloops, Canada.

advance gold corp (AAX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer, Corporate Secretary ...
Total Annual Compensation: C$18.0K
Vice President of Business Development & Expl...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

advance gold corp (AAX) Key Developments

Advance Gold Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2013; Announces Impairment Charges for the Third Quarter of 2013

Advance Gold Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2013. For the quarter, the company’s loss and comprehensive loss was CAD 41,602 or CAD 0.01 per basic and diluted share against CAD 33,887 CAD 0.01 per basic and diluted share a year ago. Cash used for operating activities was CAD 59,287 against CAD 40,301 a year ago. Deferred exploration expenditures paid were CAD 29,451 CAD 119 a year ago. For the nine months, the company‘s loss and comprehensive loss was CAD 274,427 or CAD 0.01 per basic and diluted share against CAD 157,313 CAD 0.00 per basic and diluted share a year ago. Cash used for operating activities was CAD 210,364 against CAD 216,624 a year ago. Deferred exploration expenditures paid were CAD 147,885 CAD 44 a year ago. For the quarter, the company reported impairment of mineral property of CAD 6,832.

African Barrick Gold plc Plans USD 700,000 Exploration Program on Advance Gold Corp.'s Kenya Projects

Advance Gold Corp. announced that African Barrick Gold plc will proceed with an exploration program on the Advance’s three projects in the Kakamega Dome area in Kenya, East Africa. The work done on the Advance’s projects will be in conjunction with ABG's regional exploration work on their West Kenya Joint Venture. The three Advance’s projects include special license 265 (Bukura), special license 266 (Sigalagala) and special license 267 (Rosterman) that cover in total 64 km. African Barrick Gold, over the course of the exploration program, will drill one deep diamond drill hole to test between the upper gold bearing reefs at the Rosterman Mine. The hole will target the reef mineralization, extension of any lower reefs near surface and also any wallrock mineralization that was overlooked during mining of the deposit between 1932 and 1952. The Rosterman Mine's orebody is a series of arcuate, sigmoidal quartz veins stacked within a diorite near a contact with mafic volcanic rock. The mine is reported to have produced 250,000 ounces of gold at a grade of 13 g/t Au. ABG is also planning ten to twelve holes for 1,000-1,500 meters of RC drilling on three to four drill fences along strike from the Rosterman Mine. The SW and Net trend of the mineralization has been defined by gold in soil anomalies as a result of Aviva Mining (Kenya)'s first phase exploration program in 2011-2012. This priority target area lies within a structurally significant zone bounded by the diorite-volcanic contact to the south and altered and sheared volcanics next to the Mumias Granite in the north. As part of ABG's regional program, the Advance’s two other properties (Sigalagala and Bukura) will receive more soil sampling as infill and expansion of previous work. Air-core drilling will then test the best targets in the area. At Bukura, a previous RC hole drilled by Aviva Mining (Kenya) in 2011, returned 57 meters of 0.67 gAu/t including 9 meters of 1.47gAu/t ending in mineralization. All of the Advance Gold licenses will be covered with remote sensing imagery, mapping, soil sampling and air-core drilling during these programs. The total expenditure for all proposed work is expected to be in the range of USD 700,000.

Advance Gold Corp, Annual General Meeting, Dec 13, 2012

Advance Gold Corp, Annual General Meeting, Dec 13, 2012., at 14:00 Pacific Standard Time. Location: #1100 ­ 235 First Avenue. Agenda: To receive and consider the audited consolidated financial statements of the company for the year ended May 31, 2012, and the auditor's report thereon; to set the number of directors at five and elect directors; to appoint an auditor for the ensuing year; and to transact such other business as may properly be brought before the meeting or any adjournment thereof.

 

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