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Argonaut Gold Inc.
Summary
| Project: | La Colorada | |
|---|---|---|
| Deposit: | La Colorada | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-9-2017: Argonaut Gold Inc. announces a Resource Estimation report for its La Colorada deposit at the La Colorada project. Updated mineral resource estimate at La Colorada. Toronto, Ontario – (September 21, 2017) Argonaut Gold Inc. (TSX: AR) (the “Compa | |
| Resources: | (Resource): 29.869Mt @ 0.61g/t Au, 10.3g/t Ag (Ind.) and 1.238Mt @ 0.80g/t Au, 12.3g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Michael Lechner (Not stated) | |
| ABSTRACT: | Toronto, Ontario – (September 21, 2017) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to provide updated pit-constrained Mineral Resource estimates for its operating mines. The updated Mineral Resource estimates are net of mining depletion at July 1, 2017 and incorporate recent resource expansion drilling at both El Castillo and La Colorada (see press releases dated March 20, 2017, May 8, 2017 and June 1, 2017). All dollar amounts are expressed in United States dollars unless otherwise specified. At December 31, 2016, pit-constrained M&I Mineral Resources at El Castillo totalled approximately 486,000 contained gold ounces. Through the acquisition of the adjacent San Juan concession in February 2017 and the subsequent resource expansion drilling programs, the Company added approximately 328,000 gold ounces bringing the M&I Mineral Resources to approximately 814,000 gold ounces. Between December 31, 2016 and July 1, 2017, the Company depleted approximately 63,000 gold ounces through mining activities leaving M&I Mineral Resources of approximately 751,000 contained gold ounces at El Castillo at July 1, 2017. Pete Dougherty, President and CEO stated: “We had a successful year of resource drilling which will extend the mine lives at both El Castillo and La Colorada. At El Castillo, the additional ounces were made accessible with the acquisition of the San Juan mineral concession. At La Colorada, the resource increase came through an aggressive program of in-fill and step-out drilling adjacent to the El Creston pit. We are now preparing to publish updated life-of-mine plans at both El Castillo and La Colorada during the first quarter of 2018.” | |
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