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Argo Gold completes 17 hole, 2670 metre drill program at the Uchi Lake Gold Project, intersecting 26 g/t Au over 2.65 metres

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The exploration targets at the Uchi Gold Project area continue to be the narrow vein, high-grade gold mineralization, a common economic model in the Canadian Shield, where a series of high-grade gold veins are mined using narrow vein mining methods.

Additional Information:

Company: Argo Gold Inc.
Website: http://www.ArgoGold.com
Stock Symbol: CSE: ARQ
Date Published: Oct 25, 2021
Transcript: Available

Video Transcript:

I’m Katriina Cotten for Investmentpitch Media

Argo Gold Inc., a Canadian mineral exploration and development company, has completed a 17 hole, 2670 metre drill program at the Uchi Lake Gold Project, where it intersected 26 grams per tonne gold over 2.65 metres.

The company has a portfolio of five 100%-owned properties located in the northern and northwestern regions of Ontario, Canada, which management believes holds the potential for enormous gold, silver-zinc and cobalt resources with economic viability.

The exploration targets at the Uchi Gold Project area continue to be the narrow vein, high-grade gold mineralization, a common economic model in the Canadian Shield, where a series of high-grade gold veins are mined using narrow vein mining methods.

With the 2021 drill program, 75% was designed to test additional new targets and 25% to expand known gold mineralization.

The 2021 exploration program extended the strike length of the mineralized zones at Woco, Northgate and Raingold as well as identifying a new zone of mineralization 100 metres east of Raingold.

At Northgate, seven drill holes tested 1000 metres of strike length, extending the zone of known gold mineralization to 500 metres.

Previous exploration identified gold mineralization at Northgate over 225 metres of strike length with 15 metres of strike length of very high-grade gold exposed right at surface.

Drill Hole AGN-21-024 intersected 26.26 grams per tonne gold over 2.65 metres from 29.95 to 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 grams per tonne gold over 0.95 metres in a lower grade envelope of a 10.5 metres of 1.01 grams per tonne gold.

Drill Hole AGN-21-30 located 225 metres northeast of the Northgate high-grade gold mineralization at Northgate intersected 22.7 grams per tonne gold over 1.15 metres in a mineralized envelope of 8.54 grams per tonne gold over 3.10 metres.

The shares are trading at $0.15.

For more information, please visit the company’s website www.ArgoGold.com, contact Judy Baker, CEO, at 416-786-7860 or by email at jbaker@ArgoGold.ca.

I’m Katriina Cotten for Investmentpitch Media