- Argo Gold Inc. (ARQ) identifies a gold mineralization extension at the Raingold and Hill-Sloan-Tivy (HST) Zone at the Uchi Gold Project
- In spring 2021, Argo Gold drilled anomalous gold and a new mineralized trend
- It also confirmed high-grade gold in channel sampling at Raingold
- In late 2021 a high-grade sample was taken far to the south and remains open
- Argo Gold Inc. (ARQ) is unchanged trading at $0.09 per share as of 10:08 a.m. ET
Argo Gold (ARQ) has identified a gold mineralization extension at the Raingold and Hill-Sloan-Tivy (HST) Zone at the Uchi Gold Project.
Raingold is located along the HST Zone which also hosts the past-producing Grassett Mine to the north. The HST Zone is a parallel mineralized trend located west of the main Uchi – Northgate gold trend at the Uchi Gold Project.
In the spring of last year, Argo Gold drilled a total of 399 metres at the Raingold and the HST Zone.
Only anomalous gold was intersected at depth. A step-out drill hole in the north identified anomalous gold across two structures where the second mineralized structure is identified as a new mineralized trend 100 metres to the east of the HST Zone.
Argo Gold also confirmed high-grade gold in channel sampling 32.84 grams gold per tonne over 2.5 metres at Raingold.
In late 2021, Argo Gold completed sixty-two channel samples across 35 channels perpendicular to the south extension of the Raingold – HST Zone.
The channel samples are where the best intercept occurred at that time with 15.4 grams gold per tonne over 0.9 metres. This sample was the farthest one taken to the south and the trench structure remains open in that direction.
In 2020, 71 samples were taken over a strike length of 50 metres of diamond saw channels in the footwall, the hanging wall, and the mineralized zone at Raingold.
Visible gold was identified in only one sample and 37 samples returned grades greater than 1.00-gram gold per tonne.
Argo Gold Inc. (ARQ) is unchanged trading at $0.09 per share as of 10:08 a.m. ET.