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Advanced Gold to acquire Nevada silver-gold properties with 39M oz inferred resource potential

Company Fundamentals
05 Oct 2026
Newsfile Corp
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Bullish
Advanced Gold to acquire Nevada silver-gold properties with 39M oz inferred resource potential

Advanced Gold Exploration Inc. has signed a non-binding memorandum of understanding to acquire North American Silver Corporation and Centennial Mining, which own the Corcoran Canyon and Belmont silver-gold properties in Nevada. These properties have a historic inferred resource estimate of approximately 39 million ounces of silver equivalent, highlighting significant exploration potential. The acquisition involves assuming cash obligations of about US$3.4 million and issuing shares to Ameerex Corporation, which will become a strategic shareholder. Advanced Gold plans to fund the acquisition and initial exploration through a proposed private placement and aims to upgrade the resource classification and expand mineralization through further drilling and exploration.

Advanced Gold's planned acquisition of Corcoran Silver Gold Property involves a historic inferred resource estimate of about 39 million ounces of silver equivalent. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Oct 05, 2026 11:12 WIB: out of 38 priced US stocks, 23 rose and 15 fell. Notable movers include VALE at USD 14.66 (+9.32%), TECK at USD 70.57 (+7.27%), and JCI at USD 156.12 (+5.03%).

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