Argo Gold Update – December 2019
In the second half of 2019, Argo Gold continued to upgrade its team with Peter Mah, President and Director, an experienced mine operator and mine builder whom has also advanced exploration projects through to mine development; (Argo Gold PR, July 4 2019). Experienced industry veteran, Bryan Wilson, joined the Board of Directors (Argo Gold PR, November 6 2019) and experienced corporate executive, Michael Farrant, is now CFO (Argo Gold PR, December 2 2019).
Argo Gold’s Summer 2019 exploration program focused on the flagship asset, the Uchi Gold Project in the Red Lake District that is 22 square kilometres of multiple mineralized trends, widespread gold mineralization and known high-grade gold mineralization. Argo Gold’s Winter 2019 drill program intersected 132 g/t Au over 1.8 metres at the high-grade Woco Vein and 34.4 g/t Au over 0.5 metres at the Northgate Shear Zone. There is 2 kilometres of highly prospective strike length between these relatively shallow high-grade zones that has not been explored because of lack of outcrop. The Summer 2019 Biogeochem Survey identified multiple blind high priority anomalies proximal to the high-grade Woco vein and identified multiple other blind anomalies along the five 5 kilometre strike length of the main mineralized trend; (Argo Gold PR, October 28 2019). The Summer 2019 field program also included mapping and sampling at the adjacent Raingold vein system where anomalous gold assays over 600 metres of strike length and one of the continuous chips of five samples returning 14.5 g/t Au across 2.6 m; (Argo Gold PR, November 6 2019).
Argo Gold is the 100% owner of six gold projects, two zinc and three cobalt projects.
Argo Gold currently has 38 M shares outstanding. The current $4 million market capitalization is an intriguing opportunity.
ARQ on the Canadian Stock Exchange and ARBTF on the OTC. www.argogold.ca
CEO, Argo Gold
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