For thousands of other reports visit RSC's Mineral Intellingence Map
Argonaut Gold Inc.
Summary
| Project: | El Castillo | |
|---|---|---|
| Deposit: | North target | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 5/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-5-2017: Argonaut Gold Inc. announces an Exploration/Drilling Update report for its North target deposit at the El Castillo project. Drilling results incl. 141.7m @ 0.68g/t Au, 1g/t Ag from 13.7m. Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Go | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thomas Burkhart (Internal) | |
| ABSTRACT: | Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce that it has completed approximately 11,540 metres in 75 reverse-circulation (“RC”) drill holes on the North Target area that lies adjacent to the El Castillo open pit mine. The North Target lies within a 420 hectare mineral concession recently acquired from a wholly-owned subsidiary of Fresnillo Plc (“Fresnillo”) (see press release dated February 23, 2017). The North Target drilling is part of an ongoing US$2 million infill RC drill program within areas of projected mineralization outward from the currently operational El Castillo open pit mine. Pete Dougherty, President & CEO commented: “With the acquisition of Fresnillo’s San Juan concession and the drill results so far, we expected to increase the life of the El Castillo mine. Drilling results to date are positive and indicate strong potential to expand the current pit limits initially into the North Target area. This previously announced acquisition also allows us to extract a large, known wedge of economic mineralization that lies on our side of the original concession boundary, as we move the pit wall back onto the newly acquired ground.” | |
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