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Argonaut Gold Inc.
Summary
| Project: | Magino | |
|---|---|---|
| Deposit: | Magino | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-9-2019: Argonaut Gold Inc. announces an Exploration/Drilling Update report for its Magino deposit at the Magino project. Drilling results incl. 12.0m @ 7.96g/t Au from 319.0m. Toronto, Ontario - (September 10, 2019) Argonaut Gold Inc. (TSX: AR) (the “C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Arkell (Internal) | |
| ABSTRACT: | Toronto, Ontario - (September 10, 2019) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce the drill results to date from an on-going exploration program that is targeting high-grade, deep mineralization at its 100% owned Magino property in Ontario, Canada that commenced in early July 2019. The Company has completed approximately 3,500 metres of drilling since launching the original 6,000-metre program and, due to the results to date and success of identifying the same gold-bearing geological structures that strike westward into the Magino deposit from those of the adjacent Island Gold Mine, has expanded the drill program to 20,000 metres. The expanded program will focus on testing the down plunge extension of potential high-grade gold structures at depth. Previous exploration conducted by Argonaut at the Magino project concentrated solely on expanding and upgrading the open-pit mineral resource and mineral reserve with drilling focused primarily to a depth of 300 metres. This is the first drill program conducted on the Magino deposit targeting deeper, high-grade mineralization below the currently designed open pit. | |
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