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Argonaut Gold Inc.
Summary
| Project: | Magino | |
|---|---|---|
| Deposit: | Magino | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-3-2020: Argonaut Gold Inc. announces an Exploration/Drilling Update report for its Magino deposit at the Magino project. Drilling results incl 19m @ 7.39g/t Au from 355m. Toronto, Ontario – (March 3, 2020) Argonaut Gold Inc. (TSX: AR) (the “Company”, “A | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Arkell (Internal) | |
| ABSTRACT: | Toronto, Ontario – (March 3, 2020) 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 drilling campaign continues to intersect high-grade gold mineralization below and adjacent to the current open pit mineral reserves, which are the basis for the Company’s recently completed Feasibility Study. To date, the Company has completed 22 diamond drill holes and approximately 17,790 metres of drilling. Since July 2019, drilling has intersected a number of high-grade, gold-bearing structures trending westward from the adjacent Island Gold Mine below and adjacent to the planned Magino open pit mine. Recent drilling has continued to confirm and focus on two high-grade structural zones, the Elbow Zone and the South Zone, which both remain open along strike and at depth. The drill program is now expanded to test new deeper targets between the Elbow and South Zones, within the Webb Lake Stock (“WLS”) and along the southern geological contact between the WLS and volcanic rocks. | |
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