For thousands of other reports visit RSC's Mineral Intellingence Map
Argonaut Gold Inc.
Summary
| Project: | Magino | |
|---|---|---|
| Deposit: | Magino | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-12-2016: Argonaut Gold Inc. announces an Exploration/Drilling Update report for its Magino deposit at the Magino project. Drilling results incl. 25m @ 4.04g/t Au from 24m. Toronto, Ontario - (December 5, 2016) Argonaut Gold Inc. (TSX: AR) (the “Company” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thomas Burkhart (Internal) | |
| ABSTRACT: | Toronto, Ontario - (December 5, 2016) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to release assay results for the first 227 reversecirculation (“RC”) holes of a 350-hole program completed at its 100%-owned Magino project in Ontario. These results represent 59% of the total 39,447 metres drilled during July to November 2016. Remaining results will be released once all assay data has been compiled. The RC drilling program was designed to reclassify reserves from Probable to Proven within the proposed starter pit at Magino. These drill results, along with the remaining 123 holes and assays, will be incorporated into a feasibility study, which is expected to be completed during the second half of 2017. Tom Burkhart, Vice President of Exploration stated: “The drill results to date support the current block model and the interpreted geometry of the mineralization. The work is providing valuable data for the definition of higher-grade gold deposition and confirming continuity of overall mineralization. The Magino gold deposit contains a series of parallel shear zones hosting low to moderate grade mineralization. Within these relatively continuous shear zones there exists high-grade gold hosted in quartz veins and lenses of varying magnitudes. Generally, these are multi-gram occurrences and are significant to the economics of the Magino deposit. The current definition drilling was mainly designed to convert Probable reserves to Proven reserves within a central starter pit to help drive cash flow and de-risk the first two to three years of production at Magino.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report