About Argo Gold
Argo Gold is focused on high-grade gold exploration projects in northwestern Ontario that have indications of economic viability – the Uchi Gold Project and Talbot Lake Gold Project.
Exploration to date at the Uchi Gold Project confirms multiple mineralized trends and high-grade gold mineralization at the Woco, Northgate and Raingold Zones. There was a 25 year hiatus in exploration before Argo Gold initiated exploration activity in 2017. There is known high-grade gold mineralization to shallow depths at Woco and Northgate and the depth potential is considered highly prospective. There is also high-grade gold at surface at Raingold located on a parallel mineralized trend known as the HST Zone that hosted the past producing Grasset Mine. The Uchi break trend, another parallel mineralized trend, is also considered prospective and hosts the past producing Uchi Mine. Exploration results to date are summarized in the map below.
In June 2020, Argo Gold acquired the Talbot Lake Gold Project located 70 kilometres east of Pickle Lake in the prolific Uchi Geologic Subprovince. There is approximately 50,000 ounces at 14 g/t Au in a quartz vein system starting right at surface and there is known gold mineralization in the associated banded iron formation. At the Talbot Lake Gold project, Argo has over 23 line kilometres of banded iron formations that are targets for additional gold mineralization.
Argo Gold is also the 100% owner of the Hurdman Silver-Zinc Project. The Hurdman Silver-Zinc Project is a metamorphosed sedimentary exhalative VMS deposit that is very similar to that of Australia’s Broken Hill deposit. The Main Zone at surface has a resource estimate of 3.4 M tonnes @ 1.2% Zn, 18.1 g/t Ag and 0.34 g/t Au Approximately 2 million in-situ silver ounces. The nature of the known mineralization indicates exploration potential for additional mineralization and higher-grade mineralization as a result of metamorphism. Located 120 kilometres north of Timmins, there are 70 square kilometres of mineral claims surrounding the Main Zone that cover all of the area geophysical targets that have not been drill tested.
The current CDN $6 million market capitalization is an intriguing opportunity. Argo Gold trades on CSE: ARQ, OTCQB: ARBTF and XFRA, XSTU, XBER: A2ASDS.
To learn more about Argo Gold, go to https://argogold.com/
For more about the activity in the Red Lake – Birch-Uchi area and to view the digital map, go to https://digigeodata.com/area/red-lake/