- Angus Gold (GUS) has announced assay results from the final four holes of its 2021 drill program at the Golden Sky Project
- Two of the four holes were successful in intersecting significant gold mineralization
- These latest discoveries suggest strong potential for the area to host significant gold mineralization
- Angus Gold is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties
- Share in Angus Gold (GUS) are down 3.0 per cent, trading at $0.97 per share
Angus Gold (GUS) has announced assay results from the final four holes of its 2021 drill program at the Golden Sky Project.
These final four holes tested a selected area of the project within a large banded iron formation (BIF) that extends for over five-kilometre across the property.
The first phase of drilling on the BIF was designed to test new, coincident geophysical and geochemical targets for gold mineralization.
Until now, no recorded gold intersections had been reported from the BIF, but these latest discoveries suggest strong potential for the area to host significant gold mineralization.
Two of the four holes were successful in intersecting significant gold mineralization at locations approximately 500 metres apart.
- Hole GS21-14 intersected an extensive gold zone 61.3 metres wide that included higher-grade intervals of 25.6 metres grading 1.5 g/t Au, 5.0m grading 2.4 g/t Au and 1.0 metre grading 8.9 g/t Au
- Approximately 500 metres west, hole GS21-15 also intersected a thick zone of mineralization including 3.0 metres of 2.6 g/t Au and 3.7 metres of 1.7 g/t Au.
“These results have exceeded our expectations for our first drill program within a virtually unexplored target,” said Angus Gold CEO Steve Burleton.
“With the success achieved in 2021 and the encouraging results at both Dorset and now the BIF,” he added, “we will be pursuing an aggressive 2022 program to expand on these results and test new targets both locally and regionally.”
Located in the Mishibishu Lake Greenstone Belt near Wawa, Ontario, the Golden Sky Project is host to the high-grade Eagle River and the Mishi open-pit gold mines owned by Wesdome Gold Mines.
Angus Gold’s 234-square-kilometres land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines.
Angus Gold is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties.
Share in Angus Gold (GUS) are down 3.0 per cent, trading at $0.97 per share as of 3:30 pm EST.