- Argo Gold (ARQ) has completed a 17-hole, 2,670 metre drill program at the Uchi Lake Gold Project
- The drill program was designed to test additional new targets and expand known gold mineralization
- The exploration program extended the strike length of the mineralized zones at Woco, Northgate and Raingold
- Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration at the Uchi Gold Project
- Argo Gold Inc. (ARQ) is up 11.11 per cent, trading at C$0.15 per share at 10:45 am ET
Argo Gold (ARQ) has completed a 17-hole, 2,670 metre drill program at the Northgate Area, Uchi Gold Project.
The 2021 drill program was designed to test additional new targets and expand known gold mineralization. The exploration program extended the strike length of the mineralized zones at Woco, Northgate and Raingold as well as identified a new zone of mineralization 100 metres east of Raingold.
At Northgate, seven drill holes tested 1,000 metres of strike length; extending the zone of known gold mineralization to 500 metres.
Drill Hole AGN-21-024 intersected 26.26 g/t Au over 2.65 metres from 29.95- 32.6 metres as well as a low-grade halo of anomalous gold for an additional 16 metres.
Drill Hole AGN-21-025 intersected 9.24 g/t Au over 0.95 metres in a lower grade envelope of a 10.5 metres of 1.01 g/t Au.
Drill Hole AGN-21-30 located 225 metres northeast of the Northgate high-grade gold mineralization at Northgate intersected 22.7 g/t Au over 1.15 metres over 3.10 metres.
Drill Hole AGN-21-028 intersected the mineralized trend with low-grade mineralization of 0.35 g/t Au over 104.4-104.8 metres within an anomalous halo of 0.04 g/t Au over 10.1 metres from 100.0-110.1 metres.
Drill Hole AGN-21-029 located 700 metres northeast of the Northgate high-grade gold mineralization did not intersect material mineralization, however, there were several concentrations of quartz-carbonate and black tourmaline stringers as well as minor lamprophyre dikes indicating potential for gold mineralization at depth.
Drill Hole AGN-21-26 and AGN-21-31 tested 140 metre and 240-metre step-outs to the southwest of the high-grade gold mineralization at Northgate on the inferred trend.
Drill hole AGN-21-027 tested a weak NE trending AEM anomaly within an area of low resistivity. The drill hole intersected argillites with minor pyrite at 69.2 metres and a very low Au anomaly consisting of 0.011 g/t Au over 1.3 metres.
Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration at the Uchi Gold Project in the Red Lake District, Ontario.
Argo Gold Inc. (ARQ) is up 11.11 per cent, trading at C$0.15 per share at 10:45 am ET.