- Angus Gold (GUS) has mobilized a second drill rig at its Golden Sky Project
- The second rig has been mobilized to the Dorset Deformation Zone and is following up on the high-grade gold mineralization intersected in 2021
- More than 1,500 metres of drilling has been completed at the ongoing drilling program on the banded iron formation target
- Regional programs are in-progress evaluating multiple high-priority areas across the under-explored land package (267 km2)
- Angus Gold Inc. (GUS) is up 5.10 per cent on the day, trading at C$1.01 at 1:15 pm ET
Angus Gold (GUS) has mobilized a second drill rig at its Golden Sky Project.
The second rig has been mobilized to the Dorset Deformation Zone and is following up on the high-grade gold mineralization intersected in 2021 and will also test multiple high-priority gold targets with significant potential for new discoveries along the deformation zone.
The first rig will continue drilling on the banded iron formation targets in order to further define the two new gold discoveries announced earlier this year and test new targets along its seven-kilometre strike length within the property.
New results from the Q1-2022 drilling program at Dorset returned anomalous gold zones from all seven holes drilled, including 0.6 g/t Au over 21 metres, 1.6 g/t Au over 5.1 metres and 1.2 g/t Au over 5.8 metres between surface and 300 metres depth.
More than 1,500 metres of drilling has been completed at the ongoing drilling program on the banded iron formation target.
Regional programs are in-progress evaluating multiple high-priority areas across the under-explored land package (267 km2).
Angus’ Chief Executive Officer, Steve Burleton noted that the company continues to be encouraged by the results being seen from Golden Sky and the team is excited to be accelerating its drilling programs.
“With a strong treasury of over $6 million, following our recent financing, we have the ability to advance the project more quickly in order to realize the significant value we see in Wawa. By expanding our drilling capacity, we will be able to move both Dorset and the BIF targets forward simultaneously while still generating new targets from our regional exploration work that will form part of the next drill programs. The work we are doing now has further strengthened our belief in the potential of the Wawa property and we look forward to increasing our exploration efforts through 2022 and 2023.”
The company has a fully funded exploration budget to complete its maiden 20,000 metre drill program.
Angus Gold Inc. is a Canadian mineral exploration company focused on the exploration and development of highly prospective gold properties. The company’s flagship project is its 100 per cent owned Golden Sky Project in Wawa, Ontario.
Angus Gold Inc. (GUS) is up 5.10 per cent on the day, trading at C$1.01 at 1:15 pm ET.