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Argonaut Gold Inc.
Summary
| Project: | Magino | |
|---|---|---|
| Deposit: | Magino | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-12-2019: Argonaut Gold Inc. announces an Exploration/Drilling Update report for its Magino deposit at the Magino project. Drilling results incl. 37.0m @ 4.92g/t Au from 479.0m. Toronto, Ontario - (December 2, 2019) Argonaut Gold Inc. (TSX: AR) (the “Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Arkell (Internal) | |
| ABSTRACT: | Toronto, Ontario - (December 2, 2019) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce further drill results from the on-going, 20,000-metre exploration program at its 100% owned Magino property in Ontario, Canada. The current drilling campaign is targeting high-grade gold mineralization below and adjacent to the current open pit Mineral Resource at depth. To date, the Company has completed 16 diamond drill holes and approximately 12,200 metres of the 20,000-metre program. Pete Dougherty, President and CEO stated: “The drill program to date has focused on testing the same gold-bearing geological structures that strike westward into the Magino deposit from those of the adjacent Island Gold Mine, Lochalsh gold deposit. Through the incorporation of structural and geochemical data, the program continues to target and intercept deeper high-grade gold-bearing structures below the currently designed open pit. During this program to date, drilling has been focused on the eastern portion of the deposit and targeted depths of 200 to 500 metres below surface. We now plan to test the structures below 800 metres and deeper and extend drilling toward the western edge of the property where a number of targets have been identified. We are pleased with the success of the programs targeting and the drill results to date. It appears from early drilling there is potential for high-grade, underground mineralization below the pit.” | |
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